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

Coeur Mining (NYSE:CDE – Get Free Report) posted its quarterly earnings results on Wednesday. The basic materials company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.04), FiscalAI reports. 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 during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the company earned $0.23 EPS. The business’s quarterly revenue was up 77.4% on a year-over-year basis.

Coeur Mining Price Performance

NYSE:CDE traded down $0.20 during trading hours on Thursday, hitting $14.38. The company’s stock had a trading volume of 24,326,599 shares, compared to its average volume of 31,421,516. 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 52-week low of $12.71 and a 52-week high of $27.77. The business’s 50-day moving average is $17.70 and its two-hundred day moving average is $18.84. The company has a market capitalization of $14.78 billion, a PE ratio of 12.26 and a beta of 1.46.

Coeur Mining Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Monday, November 30th will be given a $0.02 dividend. The ex-dividend date is Monday, November 30th. This represents a yield of 27.0%. Coeur Mining’s dividend payout ratio is presently 3.42%.

Key Stories Impacting Coeur Mining

Here are the key news stories impacting Coeur Mining this week:

  • Positive Sentiment: Coeur declared a dividend of $0.02 per share, payable December 16 to shareholders of record November 30. The payout is modest, but it provides a near-term shareholder return. Dividend announcement
  • Neutral Sentiment: Call-option purchases were about 41% above typical volume on Wednesday. This may indicate increased trading interest, but options activity alone does not establish a bullish outlook.
  • Negative Sentiment: Third-quarter revenue was $983.62 million, below the cited $1.14 billion analyst expectation, while EPS of $0.10 was below the $0.14 estimate reported by some sources (though Zacks said it matched its consensus). EPS declined from $0.23 a year earlier. Revenue nevertheless rose 77.4% year over year. Q3 earnings report
  • Negative Sentiment: Coverage highlighted a $40 million charge as a drag on an otherwise strong quarter, adding to concerns about reported results. Q3 earnings analysis

Insider Buying and Selling

In related news, CFO Thomas Whelan sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $20.87, for a total value of $125,220.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director J. Kenneth Thompson sold 25,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $20.77, for a total transaction of $519,250.00. Following the completion of the sale, the director owned 257,333 shares in the company, valued at $5,344,806.41. This represents a 8.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 51,000 shares of company stock worth $1,055,070 in the last quarter. Company insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

CDE has been the topic of several research analyst reports. Scotiabank reduced their price objective on shares of Coeur Mining from $28.50 to $26.50 and set an “outperform” rating on the stock in a report on Friday, August 7th. Roth Capital set a $19.00 price target on Coeur Mining in a research report on Friday, August 7th. Weiss Ratings downgraded shares of Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, October 27th. Finally, Zacks Research raised shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $26.06.

View Our Latest Stock Report on Coeur Mining

About Coeur Mining

(Get Free Report)

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.

Further Reading

Earnings History for Coeur Mining (NYSE:CDE)

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