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

Coeur Mining (NYSE:CDE) issued its quarterly earnings data 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 quarter last year, the business earned $0.20 EPS. Coeur Mining’s revenue for the quarter was up 125.8% compared to the same quarter last year.

Coeur Mining Stock Performance

Shares of NYSE:CDE traded down $1.75 during trading on Thursday, reaching $15.68. 56,487,462 shares of the company’s stock traded hands, compared to its average volume of 29,393,541. The stock has a market capitalization of $16.22 billion, a P/E ratio of 13.51 and a beta of 1.32. Coeur Mining has a 12 month low of $9.89 and a 12 month high of $27.77. The company has a 50 day moving average of $16.46 and a 200-day moving average of $19.23. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.73 and a quick ratio of 2.14.

Coeur Mining Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have commented on CDE. Weiss Ratings reiterated a “hold (c+)” rating on shares of Coeur Mining in a research note on Wednesday, June 24th. Canaccord Genuity Group upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Wednesday, April 29th. Zacks Research cut shares of Coeur Mining from a “hold” rating to a “strong sell” rating in a research report on Friday, July 10th. Cantor Fitzgerald downgraded Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price target for the company. in a research note on Thursday, May 7th. Finally, Wall Street Zen lowered Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.39.

Insider Transactions at Coeur Mining

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 39,000 shares of Coeur Mining stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $18.60, for a total value of $725,400.00. Following the completion of the transaction, the chief accounting officer directly owned 77,204 shares in the company, valued at $1,435,994.40. The trade was a 33.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.90% of the stock is owned by corporate insiders.

Institutional Trading of Coeur Mining

Several hedge funds have recently made changes to their positions in the stock. Triumph Capital Management grew its stake in Coeur Mining by 300.0% during the 4th quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock worth $29,000 after buying an additional 1,200 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake 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 buying an additional 1,435 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new position in shares of Coeur Mining during the fourth quarter valued at $33,000. Transamerica Financial Advisors LLC bought a new position in shares of Coeur Mining during the fourth quarter worth about $34,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of Coeur Mining in the 3rd quarter worth about $35,000. Institutional investors own 63.01% of the company’s stock.

About Coeur Mining

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.