Coeur Mining (NYSE:CDE) posted its quarterly earnings data on Wednesday. The basic materials company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.20, Briefing.com reports. The business had revenue of $143.80 million during the quarter, compared to the consensus estimate of $152.25 million. Coeur Mining had a negative net margin of 5.92% and a negative return on equity of 0.47%. The company’s quarterly revenue was down 33.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.08 earnings per share.
Coeur Mining stock traded down $0.11 during midday trading on Thursday, hitting $5.44. The company’s stock had a trading volume of 51,822 shares, compared to its average volume of 2,289,099. The company has a current ratio of 1.96, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. Coeur Mining has a 12 month low of $3.80 and a 12 month high of $8.89. The stock has a market cap of $1.11 billion, a PE ratio of 273.50 and a beta of 0.51.
Institutional investors have recently modified their holdings of the business. Baldwin Brothers Inc. MA acquired a new stake in Coeur Mining during the 4th quarter worth about $27,000. Gotham Asset Management LLC acquired a new stake in Coeur Mining during the 4th quarter worth about $52,000. Quantamental Technologies LLC acquired a new stake in Coeur Mining during the 4th quarter worth about $54,000. CoreCommodity Management LLC raised its holdings in Coeur Mining by 126.5% during the 4th quarter. CoreCommodity Management LLC now owns 13,938 shares of the basic materials company’s stock worth $62,000 after buying an additional 7,783 shares during the period. Finally, Perritt Capital Management Inc. acquired a new stake in Coeur Mining during the 4th quarter worth about $67,000. Hedge funds and other institutional investors own 66.90% of the company’s stock.
Several equities research analysts recently weighed in on the stock. Noble Financial set a $7.00 price objective on shares of Coeur Mining and gave the stock a “buy” rating in a report on Wednesday, January 16th. Zacks Investment Research cut shares of Coeur Mining from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 1st. Raymond James set a $8.00 price target on shares of Coeur Mining and gave the stock an “outperform” rating in a research report on Friday, December 28th. Finally, TheStreet cut shares of Coeur Mining from a “c-” rating to a “d+” rating in a research report on Thursday, October 25th. Two equities research analysts have rated the stock with a sell rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $8.55.
COPYRIGHT VIOLATION NOTICE: “Coeur Mining (CDE) Announces Quarterly Earnings Results, Beats Expectations By $0.20 EPS” was published by Macon Daily and is the property of of Macon Daily. If you are accessing this report on another domain, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be read at https://macondaily.com/2019/02/21/coeur-mining-cde-announces-quarterly-earnings-results-beats-expectations-by-0-20-eps.html.
About Coeur Mining
Coeur Mining, Inc owns, operates, explores for, and develops silver and gold properties. It holds interests in the Palmarejo silver-gold complex located in Mexico; the Silvertip silver-zinc-lead mine located in British Columbia; the Rochester silver-gold mine located in Nevada; the Kensington gold mine located in Alaska; and the Wharf gold mine located in South Dakota.
Read More: What does earnings per share mean?
Receive News & Ratings for Coeur Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coeur Mining and related companies with MarketBeat.com's FREE daily email newsletter.