Coeur Mining, Inc. (NYSE:CDE) Declares Dividend of $0.02

Coeur Mining, Inc. (NYSE:CDE) announced a dividend on Wednesday, November 4th. Stockholders of record on Monday, November 30th will be paid a dividend of $0.02 per share by the basic materials company on Wednesday, December 16th. This represents a dividend yield of 27.0%. The ex-dividend date of this dividend is Monday, November 30th.

Coeur Mining Stock Performance

NYSE:CDE opened at $14.57 on Thursday. The firm has a 50 day simple moving average of $17.70 and a 200-day simple moving average of $18.84. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.65 and a quick ratio of 2.44. The firm has a market cap of $14.98 billion, a PE ratio of 12.45 and a beta of 1.46. Coeur Mining has a 1-year low of $12.71 and a 1-year high of $27.77.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.04). Coeur Mining had a net margin of 26.82% and a return on equity of 11.03%. The firm had revenue of $983.62 million for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the company posted $0.23 EPS. The business’s quarterly revenue was up 77.4% on a year-over-year basis. On average, equities analysts expect that Coeur Mining will post 0.81 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CDE shares. Weiss Ratings downgraded Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, October 27th. Roth Capital set a $19.00 price objective on Coeur Mining in a research report on Friday, August 7th. Scotiabank lowered their price objective on Coeur Mining from $28.50 to $26.50 and set an “outperform” rating for the company in a research report on Friday, August 7th. Finally, Zacks Research upgraded Coeur Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. One 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.