Coeur Mining (NYSE:CDE) Issues Quarterly Earnings Results

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

Coeur Mining Price Performance

Shares of Coeur Mining stock traded down $0.66 during trading hours 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 business has a 50 day moving average price of $6.33 and a two-hundred day moving average price of $6.39. Coeur Mining has a 12-month low of $2.42 and a 12-month high of $7.72. The company has a market cap of $2.17 billion, a PE ratio of 45.38 and a beta of 1.59. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.39 and a current ratio of 1.09.

Wall Street Analyst Weigh In

CDE has been the topic of several analyst reports. StockNews.com upgraded Coeur Mining from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Cormark upgraded Coeur Mining to a "moderate buy" rating in a research report on Thursday. Roth Mkm lowered their target price on Coeur Mining from $8.50 to $8.25 and set a "buy" rating on the stock in a research report on Friday. Cantor Fitzgerald upgraded Coeur Mining from a "hold" rating to a "strong-buy" rating in a research report on Thursday, November 7th. Finally, Raymond James upgraded Coeur Mining from a "market perform" rating to an "outperform" rating and lowered their price objective for the company from $8.75 to $8.25 in a research report on Friday. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Coeur Mining has a consensus rating of "Buy" and a consensus price target of $8.31.

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.