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

Key Points

• Coeur Mining reported quarterly EPS of $0.10, missing the $0.14 consensus estimate by $0.04; revenue of $983.62 million also came in below analysts’ $1.14 billion forecast. Revenue nevertheless rose 77.4% year over year, while EPS declined from $0.23 a year earlier.
• Shares traded up $1.16 to $14.57 on earnings day, though the price was below both its 50-day and 200-day moving averages.
• Analysts’ consensus rating was Moderate Buy, with an average price target of $26.06. Company insiders sold 51,000 shares worth about $1.06 million over the prior 90 days.

Coeur Mining (NYSE:CDE - Get Free Report) posted its quarterly earnings results on Wednesday. The basic materials company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.04), FiscalAI reports. Coeur Mining had a return on equity of 11.03% and a net margin of 26.82%. The firm had revenue of $983.62 million during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the business posted $0.23 earnings per share. The firm's revenue for the quarter was up 77.4% on a year-over-year basis.

Coeur Mining Stock Performance

Shares of Coeur Mining stock traded up $1.16 during trading on Wednesday, hitting $14.57. 46,522,312 shares of the stock were exchanged, compared to its average volume of 36,186,984. The stock's fifty day moving average is $17.70 and its 200 day moving average is $18.84. The stock has a market cap of $14.98 billion, a PE ratio of 12.65 and a beta of 1.46. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.44 and a current ratio of 3.65. Coeur Mining has a 12 month low of $12.71 and a 12 month high of $27.77.

Insider Buying and Selling at Coeur Mining

In other Coeur Mining news, EVP Casey Nault sold 10,000 shares of the company's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $20.00, for a total value of $200,000.00. Following the completion of the transaction, the executive vice president owned 540,086 shares in the company, valued at approximately $10,801,720. This represents a 1.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas Whelan sold 6,000 shares of the company's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $20.87, for a total transaction of $125,220.00. The SEC filing for this sale provides additional information. Insiders sold 51,000 shares of company stock valued at $1,055,070 in the last ninety days. Company insiders own 0.90% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on CDE shares. Scotiabank decreased their price objective on shares of Coeur Mining from $28.50 to $26.50 and set an "outperform" rating for the company 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. Weiss Ratings downgraded shares of Coeur Mining from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, October 27th. Finally, Roth Capital set a $19.00 price target on shares of Coeur Mining in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $26.06.

About Coeur Mining

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.

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