Coeur Mining (NYSE:CDE) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Coeur Mining (NYSE:CDE) announced its quarterly earnings results on Wednesday. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.01, Briefing.com reports. Coeur Mining had a negative return on equity of 7.79% and a negative net margin of 12.62%. The business had revenue of $213.10 million during the quarter, compared to analyst estimates of $203.43 million. During the same period in the previous year, the company earned ($0.11) EPS. The firm’s revenue was up 13.8% on a year-over-year basis.

Coeur Mining Trading Up 2.4 %

Shares of CDE traded up $0.11 during trading hours on Thursday, hitting $4.69. 3,043,153 shares of the stock traded hands, compared to its average volume of 7,547,531. 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 firm has a market capitalization of $1.83 billion, a PE ratio of -14.06 and a beta of 1.77. The business has a fifty day moving average of $3.78 and a 200-day moving average of $3.14.

Wall Street Analysts Forecast Growth

CDE has been the topic of a number of recent analyst reports. National Bank Financial reissued an “outperform spec market weight” rating on shares of Coeur Mining in a research note on Monday, April 8th. BMO Capital Markets boosted their price objective on Coeur Mining from $3.50 to $4.25 and gave the company a “market perform” rating in a research report on Wednesday, April 10th. Roth Capital restated a “buy” rating on shares of Coeur Mining in a research report on Tuesday, April 9th. Raymond James boosted their price objective on Coeur Mining from $3.75 to $4.00 and gave the company a “market perform” rating in a research report on Monday, April 8th. Finally, Roth Mkm started coverage on Coeur Mining in a research report on Tuesday, April 9th. They set a “buy” rating and a $5.40 price objective on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Coeur Mining currently has an average rating of “Moderate Buy” and an average price target of $4.21.

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.