Coeur Mining (NYSE:CDE) Announces Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Coeur Mining (NYSE:CDE) posted its quarterly earnings data on Wednesday. The basic materials company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.04), FiscalAI reports. The company had revenue of $983.62 million during the quarter, compared to analyst estimates of $1.14 billion. Coeur Mining had a return on equity of 11.03% and a net margin of 26.82%. The business’s revenue for the quarter was up 77.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.23 EPS.

Coeur Mining Price Performance

CDE stock traded up $1.16 on Wednesday, hitting $14.57. 46,522,312 shares of the company’s stock traded hands, compared to its average volume of 36,186,984. Coeur Mining has a 1-year low of $12.71 and a 1-year high of $27.77. The stock has a market cap of $14.98 billion, a price-to-earnings ratio of 12.65 and a beta of 1.46. The stock has a fifty day moving average of $17.70 and a 200-day moving average of $18.84. The company has a current ratio of 3.65, a quick ratio of 2.44 and a debt-to-equity ratio of 0.07.

Insiders Place Their Bets

In other news, Director J. Kenneth Thompson sold 25,000 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $20.77, for a total transaction of $519,250.00. Following the completion of the sale, the director owned 257,333 shares in the company, valued at approximately $5,344,806.41. This represents a 8.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Casey M. Nault sold 10,000 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $20.00, for a total value of $200,000.00. Following the sale, the executive vice president directly owned 540,086 shares of the company’s stock, valued at approximately $10,801,720. This represents a 1.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 51,000 shares of company stock worth $1,055,070. 0.90% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have commented on CDE. Roth Capital set a $19.00 price target on shares of Coeur Mining in a research report on Friday, August 7th. Scotiabank cut their target price on Coeur Mining from $28.50 to $26.50 and set an “outperform” rating for the company in a research report on Friday, August 7th. Weiss Ratings lowered Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, October 27th. Finally, Zacks Research upgraded Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.06.

Coeur Mining Company Profile

Coeur Mining, Inc is a precious metals mining company headquartered in Chicago, Illinois. The company explores for, develops, and operates mines that produce gold and silver, with its activities focused primarily in North America.

Coeur’s operating portfolio includes the Rochester gold and silver mine in Nevada, the Wharf gold mine in South Dakota, the Kensington gold mine in Alaska, and the Las Chispas silver and gold operation in Sonora, Mexico. The company also maintains exploration and development interests in additional mineral properties.

Founded in 1928, Coeur Mining has grown through the development and acquisition of precious metals assets.