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

Coeur Mining (NYSE:CDE) issued 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. Coeur Mining had a return on equity of 8.72% and a net margin of 19.25%. The business had revenue of $983.62 million during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the firm earned $0.23 EPS. Coeur Mining’s revenue for the quarter was up 77.4% compared to the same quarter last year.

Coeur Mining Stock Up 6.2%

Shares of Coeur Mining stock traded up $0.91 during trading hours on Friday, reaching $15.54. The company’s stock had a trading volume of 30,776,865 shares, compared to its average volume of 31,492,051. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.44 and a current ratio of 3.65. The stock’s fifty day simple moving average is $17.56 and its two-hundred day simple moving average is $18.80. The company has a market capitalization of $15.98 billion, a P/E ratio of 17.92 and a beta of 1.46. Coeur Mining has a one year low of $12.71 and a one year high of $27.77.

Coeur Mining Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, December 16th. Investors of record on Monday, November 30th will be given a $0.02 dividend. The ex-dividend date of this dividend is Monday, November 30th. This represents a yield of 27.0%. Coeur Mining’s dividend payout ratio (DPR) is presently 4.60%.

Insiders Place Their Bets

In related news, CFO Thomas Whelan sold 6,000 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $20.87, for a total value of $125,220.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director J. Kenneth Thompson sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $20.77, for a total transaction of $519,250.00. Following the transaction, the director directly owned 257,333 shares in the company, valued at $5,344,806.41. The trade was a 8.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 51,000 shares of company stock valued at $1,055,070. Corporate insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on CDE. Scotiabank reduced their target price on Coeur Mining from $28.50 to $26.50 and set an “outperform” rating on the stock in a report on Friday, August 7th. Zacks Research upgraded shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Roth Capital set a $19.00 target price on shares of Coeur Mining in a report on Friday, August 7th. Finally, Weiss Ratings cut Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.