Coeur Mining: Q3 Earnings Snapshot
News > Business News
Audio By Carbonatix
2:02 PM on Wednesday, November 6, 2024
The Associated Press
CHICAGO (AP) — CHICAGO (AP) — Coeur Mining Inc. (CDE) on Wednesday reported third-quarter net income of $48.7 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Chicago-based company said it had profit of 12 cents.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The silver mining company posted revenue of $313.5 million in the period.
Coeur Mining shares have risen 81% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.91, more than doubling in the last 12 months.
_____
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 https://www.zacks.com/ap/CDE