Coeur Mining (CDE) Announces Quarterly Earnings Results, Beats Expectations By $0.20 EPS

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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.

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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.

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Earnings History for Coeur Mining (NYSE:CDE)

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