Coeur Mining (CDE) Set to Announce Earnings on Wednesday

Coeur Mining (NYSE:CDE) is set to post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Coeur Mining to post earnings of $0.07 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. Coeur Mining had a negative return on equity of 4.59% and a negative net margin of 8.33%. The firm had revenue of $222.03 million during the quarter, compared to the consensus estimate of $242.18 million. During the same period in the prior year, the firm earned ($0.06) EPS. The firm’s quarterly revenue was up 25.3% compared to the same quarter last year. On average, analysts expect Coeur Mining to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Coeur Mining Stock Down 4.5 %

Shares of NYSE CDE opened at $6.15 on Monday. Coeur Mining has a 12-month low of $2.00 and a 12-month high of $7.72. The company has a market cap of $2.46 billion, a P/E ratio of -29.28 and a beta of 1.65. The company has a current ratio of 1.20, a quick ratio of 0.45 and a debt-to-equity ratio of 0.59. The stock has a fifty day moving average price of $6.56 and a 200 day moving average price of $5.98.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Roth Mkm increased their price target on Coeur Mining from $8.00 to $8.50 and gave the company a “buy” rating in a report on Wednesday, September 25th. Raymond James raised their target price on Coeur Mining from $6.25 to $7.00 and gave the company a “market perform” rating in a research note on Friday, September 20th. BMO Capital Markets raised their target price on Coeur Mining from $7.50 to $8.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Cantor Fitzgerald downgraded Coeur Mining from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 8th. Finally, Canaccord Genuity Group raised their target price on Coeur Mining from $7.00 to $7.75 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Coeur Mining has a consensus rating of “Moderate Buy” and an average price target of $7.81.

Coeur Mining Company Profile

Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc in May 2013.