Coeur Mining, Inc. (NYSE:CDE) Announces Earnings Results
Coeur Mining, Inc. (NYSE:CDE) released its earnings results on Wednesday. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.01), Bloomberg Earnings reports. Coeur Mining had a return on equity of 14.07% and a net margin of 13.05%. The business had revenue of $173.40 million during the quarter, compared to the consensus estimate of $174.70 million. During the same period last year, the business posted $0.09 earnings per share. The business’s revenue for the quarter was down 4.7% on a year-over-year basis.
Shares of Coeur Mining (NYSE CDE) traded up 4.91% during trading on Wednesday, hitting $8.98. The stock had a trading volume of 2,708,552 shares. The stock’s 50-day moving average price is $8.62 and its 200 day moving average price is $9.16. Coeur Mining has a 1-year low of $7.30 and a 1-year high of $16.41. The firm has a market capitalization of $1.63 billion, a P/E ratio of 15.22 and a beta of 0.58.
A number of analysts have issued reports on the company. Roth Capital set a $13.00 target price on Coeur Mining and gave the stock a “buy” rating in a research report on Wednesday, June 14th. Royal Bank Of Canada reissued a “buy” rating on shares of Coeur Mining in a research report on Friday, July 14th. BMO Capital Markets reissued a “buy” rating and issued a $11.00 target price on shares of Coeur Mining in a research report on Friday, June 30th. BidaskClub downgraded Coeur Mining from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Finally, Zacks Investment Research raised Coeur Mining from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $11.29.
In other news, CFO Peter C. Mitchell sold 10,000 shares of the firm’s stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $8.89, for a total transaction of $88,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.
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About Coeur Mining
Coeur Mining, Inc is a gold and silver producer. The Company has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina. Its segments include Palmarejo, Rochester, Kensington, Wharf, San Bartolome mines, Coeur Capital and Other. The Palmarejo complex is located in the state of Chihuahua, Mexico.
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