Coeur Mining Inc Up 2.38% To $2.37 After Earnings Miss

Coeur Mining Inc (CDE) said after close Wednesday that it lost $0.05 per share in quarter three 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.

On the revenue line, the company reported $194.6 million, missing estimates by $62.8 million.

In the same quarter a year ago, the company lost $0.16 per share on revenue of $183 million.

The stock is up 2.38% to $2.37 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Coeur Mining Inc has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 23, putting Coeur Mining Inc in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $2.02 on October 3, 2023 and set a 52-week high on April 13, 2023 at $4.55.

Coeur Mining Inc is a metals producer focused on mining precious minerals in the Americas. It is involved in the discovery and mining of gold and silver and generates the vast majority of revenue from the sale of these precious metals. The operating mines of the company are palmarejo, Rochester, Wharf, and Kensington. Its projects are located in the United States, Canada and Mexico, and North America.