Coeur Mining (NYSE:CDE) Releases Quarterly Earnings Results, Meets Expectations

Coeur Mining (NYSE:CDE - Get Free Report) issued its quarterly earnings data on Wednesday. The basic materials company reported $0.11 earnings per share for the quarter, meeting analysts' consensus estimates of $0.11, Zacks reports. Coeur Mining had a return on equity of 6.71% and a net margin of 5.59%. The business had revenue of $305.40 million for the quarter, compared to the consensus estimate of $314.32 million.

Coeur Mining Stock Performance

NYSE CDE traded down $0.66 during trading on Friday, hitting $5.45. The company's stock had a trading volume of 35,205,116 shares, compared to its average volume of 17,489,305. The company has a quick ratio of 0.39, a current ratio of 1.09 and a debt-to-equity ratio of 0.53. The firm has a 50 day moving average price of $6.33 and a 200 day moving average price of $6.39. The firm has a market cap of $2.17 billion, a P/E ratio of 45.38 and a beta of 1.59. Coeur Mining has a 52 week low of $2.42 and a 52 week high of $7.72.

Analysts Set New Price Targets

CDE has been the topic of a number of recent analyst reports. Raymond James raised Coeur Mining from a "market perform" rating to an "outperform" rating and cut their price objective for the company from $8.75 to $8.25 in a research note on Friday. Roth Mkm cut their price objective on Coeur Mining from $8.50 to $8.25 and set a "buy" rating on the stock in a research note on Friday. BMO Capital Markets initiated coverage on Coeur Mining in a research note on Tuesday. They issued an "outperform" rating and a $9.00 price objective on the stock. Cantor Fitzgerald raised Coeur Mining from a "hold" rating to a "strong-buy" rating in a research note on Thursday, November 7th. Finally, StockNews.com raised Coeur Mining from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $8.31.

Coeur Mining Company Profile

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.