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

Coeur Mining (NYSE:CDE) issued its quarterly earnings data on Wednesday. The basic materials company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.14), FiscalAI reports. Coeur Mining had a return on equity of 15.38% and a net margin of 31.15%.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 previous year, the business posted $0.20 EPS. The business’s quarterly revenue was up 125.8% compared to the same quarter last year.

Coeur Mining Stock Up 7.8%

NYSE CDE traded up $1.27 during trading on Wednesday, hitting $17.48. The stock had a trading volume of 53,689,443 shares, compared to its average volume of 28,603,690. The company has a market capitalization of $18.08 billion, a PE ratio of 15.07 and a beta of 1.32. The company’s 50-day moving average price is $16.46 and its two-hundred day moving average price is $19.23. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.14 and a current ratio of 3.73. Coeur Mining has a 12 month low of $9.68 and a 12 month high of $27.77.

Coeur Mining Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CDE. Scotiabank reaffirmed an “outperform” rating and set a $28.50 price target on shares of Coeur Mining in a research report on Tuesday, July 14th. Cantor Fitzgerald cut Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 target price for the company. in a research note on Thursday, May 7th. Roth Capital restated a “buy” rating and set a $25.00 target price on shares of Coeur Mining in a report on Friday, May 8th. Wall Street Zen lowered shares of Coeur Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Zacks Research downgraded shares of Coeur Mining from a “hold” rating to a “strong sell” rating in a research report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.39.

Insider Buying and Selling at Coeur Mining

In other news, CAO Kenneth J. Watkinson sold 39,000 shares of Coeur Mining 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 sale, the chief accounting officer directly owned 77,204 shares in the company, valued at $1,435,994.40. This trade represents a 33.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Coeur Mining

Institutional investors and hedge funds have recently made changes to their positions in the stock. Triumph Capital Management boosted its position in Coeur Mining by 300.0% during the fourth 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 period. JPL Wealth Management LLC acquired a new position in Coeur Mining in the 3rd quarter valued at about $35,000. Kemnay Advisory Services Inc. acquired a new position in Coeur Mining in the 4th quarter valued at about $33,000. Transamerica Financial Advisors LLC bought a new position in Coeur Mining in the 4th quarter valued at about $34,000. Finally, Meeder Asset Management Inc. raised its holdings in Coeur Mining by 243,600.0% in the 4th quarter. Meeder Asset Management Inc. now owns 2,437 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 2,436 shares during the period. Institutional investors own 63.01% of the company’s stock.

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.