Coeur Mining (NYSE:CDE) Issues Earnings Results

Coeur Mining (NYSE:CDE) released its earnings results on Wednesday. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.01), Bloomberg Earnings reports. The business had revenue of $162.12 million during the quarter, compared to analyst estimates of $161.18 million. Coeur Mining had a negative net margin of 17.81% and a negative return on equity of 6.06%. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period last year, the business earned $0.01 EPS.

Shares of NYSE:CDE traded up $0.02 during trading on Friday, hitting $5.61. 8,312,381 shares of the stock were exchanged, compared to its average volume of 7,451,643. Coeur Mining has a 1-year low of $2.78 and a 1-year high of $6.48. The stock has a market capitalization of $1.15 billion, a P/E ratio of -561.00 and a beta of 0.93. The company has a fifty day moving average price of $4.56. The company has a quick ratio of 0.63, a current ratio of 1.36 and a debt-to-equity ratio of 0.52.

In other news, CFO Thomas S. Whelan acquired 25,000 shares of the firm’s stock in a transaction dated Friday, May 31st. The shares were bought at an average price of $2.84 per share, with a total value of $71,000.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director J Kenneth Thompson acquired 15,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were purchased at an average cost of $2.93 per share, for a total transaction of $43,950.00. Following the acquisition, the director now directly owns 150,645 shares in the company, valued at approximately $441,389.85. The disclosure for this purchase can be found here. Insiders have bought a total of 41,750 shares of company stock worth $120,200 in the last three months. 1.88% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the stock. ETF Managers Group LLC lifted its position in shares of Coeur Mining by 17.0% during the 1st quarter. ETF Managers Group LLC now owns 500,107 shares of the basic materials company’s stock worth $2,040,000 after buying an additional 72,694 shares during the period. Two Sigma Advisers LP lifted its position in shares of Coeur Mining by 39.7% during the 4th quarter. Two Sigma Advisers LP now owns 226,000 shares of the basic materials company’s stock worth $1,010,000 after buying an additional 64,173 shares during the period. Geode Capital Management LLC lifted its position in shares of Coeur Mining by 16.0% during the 4th quarter. Geode Capital Management LLC now owns 2,100,322 shares of the basic materials company’s stock worth $9,388,000 after buying an additional 289,635 shares during the period. Clean Yield Group bought a new position in shares of Coeur Mining during the 1st quarter worth approximately $106,000. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Coeur Mining by 44.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 397,705 shares of the basic materials company’s stock worth $1,623,000 after buying an additional 123,309 shares during the period. Institutional investors and hedge funds own 65.83% of the company’s stock.

A number of analysts have issued reports on CDE shares. Noble Financial reaffirmed a “buy” rating and issued a $5.00 target price on shares of Coeur Mining in a report on Monday, July 15th. Canaccord Genuity lowered Coeur Mining from a “buy” rating to a “hold” rating and set a $5.50 target price on the stock. in a report on Thursday. BMO Capital Markets set a $5.00 target price on Coeur Mining and gave the company a “hold” rating in a report on Friday, July 19th. Raymond James lifted their price objective on Coeur Mining from $5.25 to $5.50 and gave the stock an “outperform” rating in a report on Friday. Finally, ValuEngine raised Coeur Mining from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $5.42.

Coeur Mining Company Profile

Coeur Mining, Inc explores for, develops, and produces gold, silver, zinc, and lead properties. It holds interests in the Palmarejo gold and silver complex located in Mexico; the Rochester silver and gold mine situated in Nevada; the Kensington gold mine located in Alaska; the Wharf gold mine situated in South Dakota; and the Silvertip silver-zinc-lead mine located in Canada.

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Earnings History for Coeur Mining (NYSE:CDE)

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