Coeur Mining Inc (CDE) Down -6.57% From Its 52-Week High, But Growth Potential Is Changing Over Time

Coeur Mining Inc (NYSE:CDE) currently has a daily average trading volume of 6.77M but it saw 10191440 shares traded in last market. With a market cap of 1.68B USD, the company’s current market price of $4.34 came falling about -6.06 while comparing to the previous closing price of $4.62. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.64 and as low as $2.00.

Taking a look at 20-day trading activity of Coeur Mining Inc (CDE) gives us an average price of $3.51, while its current price level is -6.57% below from 52-week high level whereas it is 117.00% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $3.03 while that of 200 days or SMA-200 reads an average of $2.78. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.97% during that period while stretching the period over a month that decreases to 6.54%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 70.51 which implies that the stock is in overbought territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the BMO Capital Markets which resumed the stock as “Market Perform” in its note to investors issued on November 03, 2023, recommending a price target of $2.75 for it. RBC Capital Mkts upgraded its recommendation for the stock as a “Outperform” from “Sector Perform” on September 22, 2023 while assigning a price target of $4. Canaccord Genuity issued its recommendations for the stock as it upgraded the price target for the stock is $3.75.

Over the week, CDE’s stock price is moving 21.57% up while it is 49.14% when we observe its performance for the past one month. Year-to-date it is 33.13% up and over the past year, the stock is showing an upside performance of 6.11%.

The latest quarterly earnings report issued by the company was for quarter ended 12/30/2023, when its quarterly earnings per share (EPS) of -$0.02 beaten by the consensus estimate of $0 for the same. For CDE, analysts are forecasting an EPS-growth rate of 82.60% for current year and estimate for EPS growth in next year is 675.00%. Moreover, analysts are in estimates of $260 million for current-quarter revenue.

Currently, Coeur Mining Inc’s total number of outstanding shares is 386.28M with 1.62% of that held by the insiders while 73.11% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -6.67% and return on equity (ROE) at -10.83%. It has a 15.88 of forward P/E ratio. Stock’s beta reads 1.83. Stock has a price to book (P/B) ratio of 1.64 while price to sale or P/S ratio amounts to 2.06. Its return on asset (ROA) is -5.28% on average.