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

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

Coeur Mining Stock Performance

Shares of NYSE CDE opened at $14.57 on Thursday. The company has a quick ratio of 2.44, a current ratio of 3.65 and a debt-to-equity ratio of 0.07. The firm’s 50-day moving average price is $17.70 and its two-hundred day moving average price is $18.84. Coeur Mining has a 52-week low of $12.71 and a 52-week high of $27.77. The stock has a market capitalization of $14.98 billion, a P/E ratio of 12.45 and a beta of 1.46.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, November 4th. The basic materials company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). The company had revenue of $983.62 million during the quarter, compared to analyst estimates of $1.14 billion. Coeur Mining had a net margin of 26.82% and a return on equity of 11.03%. The business’s revenue was up 77.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.23 earnings per share. As a group, sell-side analysts forecast that Coeur Mining will post 0.81 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Weiss Ratings lowered Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, October 27th. Scotiabank dropped their target price on Coeur Mining from $28.50 to $26.50 and set an “outperform” rating on the stock in a research report on Friday, August 7th. Roth Capital set a $19.00 target price on Coeur Mining in a research note on Friday, August 7th. Finally, Zacks Research raised shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a report 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 company’s stock. Based on data from MarketBeat, Coeur Mining has an average rating of “Moderate Buy” and a consensus target price 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.