| Coeur Mining tops Street 2Q forecasts | |
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CHICAGO (AP) _ Coeur Mining Inc. (CDE) on Wednesday reported second-quarter net income of $14.5 million, after reporting a loss in the same period a year earlier.
The Chicago-based company said it had net income of 9 cents per share. Earnings, adjusted for one-time gains and costs, were 11 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The silver mining company posted revenue of $182 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $176.1 million.
Coeur Mining shares have risen fivefold since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $14.14, more than tripling in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CDE at http://www.zacks.com/ap/CDE
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Keywords: Coeur Mining, Earnings Report
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Coeur Mining Inc
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PRODUCER |
CODE : CDE |
ISIN : US1921085049 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Coeur Mining is a silver and gold producing company based in United states of america. Coeur Mining produces silver, gold, copper, lead and zinc in Argentina, in Australia, in Bolivia, in Mexico and in USA, develops gold and silver in Argentina and in Bolivia, and holds various exploration projects in Mexico. Its main assets in production are ROCHESTER MINE - NEVADA PACKARD in USA, ENDEAVOR and BROKEN HILL in Australia, PALMAREJO in Mexico, MARTHA MINE in Argentina and SAN BARTOLOME in Bolivia, its main assets in development are ROCHESTER and KENSINGTON in Bolivia and JOAQUIN in Argentina and its main exploration properties are KENSINGTON/JUALIN in Argentina, LAKE VICTORIA GOLD BELT in Tanzania and EL REALITO, GUADALUPE and LA PATRIA in Mexico. Coeur Mining is listed in Canada, in Germany and in United States of America. Its market capitalisation is US$ 979.1 millions as of today (€ 880.9 millions). Its stock quote reached its highest recent level on November 21, 1997 at US$ 99.38, and its lowest recent point on January 22, 2016 at US$ 1.62. Coeur Mining has 185 442 526 shares outstanding. |