Coeur Mining (NYSE:CDE) Announces Quarterly Earnings Results, Meets Estimates

Coeur Mining (NYSE:CDE) released its quarterly earnings data on Wednesday. The basic materials company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11, Zacks reports. Coeur Mining had a negative net margin of 0.44% and a positive return on equity of 1.78%.

Coeur Mining Stock Down 1.5 %

Shares of CDE stock traded down $0.10 on Wednesday, hitting $6.34. The stock had a trading volume of 24,164,818 shares, compared to its average volume of 16,279,988. Coeur Mining has a 12-month low of $2.42 and a 12-month high of $7.72. The business has a 50 day moving average of $6.37 and a 200 day moving average of $6.40. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.09 and a quick ratio of 0.39. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of -211.10 and a beta of 1.59.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. BMO Capital Markets assumed coverage on shares of Coeur Mining in a report on Tuesday. They set an “outperform” rating and a $9.00 price objective on the stock. StockNews.com upgraded shares of Coeur Mining from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Roth Mkm restated a “buy” rating and set a $8.50 price objective (down previously from $9.00) on shares of Coeur Mining in a report on Friday, November 8th. Finally, Cantor Fitzgerald upgraded shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.06.

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.