Coeur Mining (NYSE:CDE) Issues Earnings Results

Coeur Mining (NYSE:CDE) issued its quarterly earnings results on Wednesday. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01, Briefing.com reports. Coeur Mining had a negative return on equity of 6.27% and a negative net margin of 12.77%. The firm had revenue of $213.10 million during the quarter, compared to analyst estimates of $203.43 million. During the same period last year, the company posted ($0.11) EPS. The firm’s quarterly revenue was up 13.8% on a year-over-year basis.

Coeur Mining Stock Up 1.9 %

CDE stock traded up $0.09 during mid-day trading on Friday, hitting $4.88. The stock had a trading volume of 6,442,693 shares, compared to its average volume of 10,089,535. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of -15.74 and a beta of 1.77. The company has a current ratio of 0.92, a quick ratio of 0.38 and a debt-to-equity ratio of 0.51. Coeur Mining has a 1-year low of $2.00 and a 1-year high of $5.47. The company has a fifty day moving average of $3.83 and a 200 day moving average of $3.15.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. BMO Capital Markets upgraded shares of Coeur Mining from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $4.25 to $5.50 in a research report on Friday. National Bank Financial reissued an “outperform spec market weight” rating on shares of Coeur Mining in a research note on Monday, April 8th. Roth Mkm started coverage on Coeur Mining in a report on Tuesday, April 9th. They set a “buy” rating and a $5.40 target price for the company. Roth Capital reiterated a “buy” rating on shares of Coeur Mining in a research report on Tuesday, April 9th. Finally, Raymond James upped their price objective on shares of Coeur Mining from $3.75 to $4.00 and gave the company a “market perform” rating in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.36.

About Coeur Mining

Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc in May 2013.