Coeur Mining Inc (NYSE:CDE) does about 7.06M shares in volume on a normal day but saw 13891745 shares change hands in Monday trading. The company now has a market cap of 1.83B USD. Its current market price is $4.73, marking a decrease of -2.87% compared to the previous close of $4.87. The 52 week high reached by this stock is $4.93 whilst the lowest price level in 52 weeks is $2.00.
Coeur Mining Inc (CDE) has a 20-day trading average at $3.67 and the current price is -4.15% off the 52-week high compared with 136.50% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.11 and its 200-day simple moving average is $2.79. If we look at the stock’s price movements over the week, volatility stands at 10.97%, which decreases to 7.28% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 72.28 to suggest the stock is overbought.
The consensus objective for the share price is $4.06, suggesting that the stock has a potential downside of -16.5% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on November 03, 2023 when BMO Capital Markets resumed the stock to “Market Perform” and issued a price target of $2.75. RBC Capital Mkts upgraded the stock to “Outperform” from Sector Perform on September 22, 2023 at a price target of $4. Canaccord Genuity upgraded its price target at $3.75.
Coeur Mining Inc (CDE) stock is up 13.16% over the week and 48.28% over the past month. Its price is 45.09% year-to-date and 12.09% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2023, with the company’s earnings per share (EPS) of -$0.02 below consensus estimates by -$0.02. CDE’s earnings per share are forecast to grow by 82.60% this year and 675.00% over next year. In addition, estimates put the company’s current quarterly revenue at an average of $260 million.
To reach the target analysts have set, the stock logically needs to shrink -16.5 percent from here.
Outstanding shares total 386.28M with insiders holding 1.54% of the shares and institutional holders owning 73.18% of the company’s common stock. The company has a return on investment of -6.67% and return on equity of -10.83%. The forward price to earnings ratio is 17.31. The beta has a value of 1.82. Price to book ratio is 1.78 and price to sales ratio is 2.24.
