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

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

Coeur Mining Stock Up 3.9 %

Shares of CDE traded up $0.18 during midday trading on Thursday, hitting $4.76. The company had a trading volume of 4,411,480 shares, compared to its average volume of 7,565,973. 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 $1.85 billion, a P/E ratio of -15.13 and a beta of 1.77. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.38 and a current ratio of 0.92. The company’s 50-day simple moving average is $3.78 and its 200-day simple moving average is $3.14.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CDE shares. 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 report on Monday, April 8th. National Bank Financial reissued an “outperform spec market weight” rating on shares of Coeur Mining in a report on Monday, April 8th. BMO Capital Markets upped their price objective on shares of Coeur Mining from $3.50 to $4.25 and gave the company a “market perform” rating in a report on Wednesday, April 10th. Roth Capital reissued a “buy” rating on shares of Coeur Mining in a report on Tuesday, April 9th. Finally, Roth Mkm started coverage on shares of Coeur Mining in a report on Tuesday, April 9th. They issued a “buy” rating and a $5.40 price objective for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus 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.