Coeur Mining (NYSE:CDE) Releases Quarterly Earnings Results, Misses Estimates By $0.14 EPS

Coeur Mining (NYSE:CDE) released its quarterly earnings results on Wednesday. The basic materials company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.14), FiscalAI reports. Coeur Mining had a net margin of 31.15% and a return on equity of 15.38%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period in the prior year, the business earned $0.20 earnings per share. The company’s revenue for the quarter was up 125.8% on a year-over-year basis.

Coeur Mining Trading Up 7.8%

Shares of NYSE:CDE traded up $1.27 during trading on Wednesday, hitting $17.48. 53,689,443 shares of the company’s stock were exchanged, compared to its average volume of 28,603,690. The company has a current ratio of 3.73, a quick ratio of 2.14 and a debt-to-equity ratio of 0.07. The firm has a market cap of $18.08 billion, a P/E ratio of 15.07 and a beta of 1.32. The firm has a 50-day moving average price of $16.46 and a two-hundred day moving average price of $19.23. Coeur Mining has a 1-year low of $9.68 and a 1-year high of $27.77.

Coeur Mining Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd were given a dividend of $0.02 per share. The ex-dividend date was Friday, May 22nd. This represents a yield of 23.0%. Coeur Mining’s dividend payout ratio is presently 3.45%.

Insiders Place Their Bets

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 39,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $18.60, for a total value of $725,400.00. Following the transaction, the chief accounting officer directly owned 77,204 shares of the company’s stock, valued at approximately $1,435,994.40. This trade represents a 33.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CDE. Triumph Capital Management boosted its position in shares of Coeur Mining by 300.0% in the 4th quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 1,200 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Coeur Mining by 74.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 1,435 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new position in Coeur Mining in the fourth quarter valued at about $33,000. Transamerica Financial Advisors LLC bought a new position in Coeur Mining during the fourth quarter worth about $34,000. Finally, JPL Wealth Management LLC bought a new position in Coeur Mining during the third quarter worth about $35,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Zacks Research lowered Coeur Mining from a “hold” rating to a “strong sell” rating in a research note on Friday, July 10th. Cantor Fitzgerald cut shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price objective for the company. in a research report on Thursday, May 7th. Scotiabank reiterated an “outperform” rating and set a $28.50 target price on shares of Coeur Mining in a research report on Tuesday, July 14th. Canaccord Genuity Group raised shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Wednesday, April 29th. Finally, Roth Capital restated a “buy” rating and issued a $25.00 price objective on shares of Coeur Mining in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.39.

Coeur Mining Company Profile

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.