The Premier Stocks For Your Portfolio: Coeur Mining Inc. (CDE), General Moly Inc. (GMO)

Coeur Mining Inc. (NYSE: CDE) shares are 2.10% up in the year-to-date (YTD) period and have moved -1.08% or -$0.09 lower in the latest trading session. However, stock’s trailing 12-month performance remains nearly +316.67% lower. Comparatively, the stock is -10.81% down YTD and 43.48% over the trailing 3-month period. If we look at the shorter duration, its week performance is -3.73% and -2.14% over the month.

Analyst Recommendations

On July 21, 2020, Canaccord Genuity recommended the CDE stock is a Buy, while earlier, Cantor Fitzgerald had Initiated the stock as a Buy on July 31, 2020. 9 analysts offering the recommendations for the stock have a consensus rating of 2.40 to suggest that the CDE stock is a “Moderate Buy. 0 of the 9 analysts rate the stock as a “Sell”, while 0 has rated it as “Underweight”. 4 recommend buying, with 0 rating it as an Overweight.

The stock currently trades at $8.25 and analysts tracking its performance over the next 12 months have a consensus estimate price target of $8.89. The forecasts give the Coeur Mining Inc. stock a price target range of $11.00 on the higher side while at least one analyst think the stock could plunge to a low of $6.00. The two limits represent an upside potential of 25.0% or -37.5%.

Earnings Forecast

Analysts estimate the earnings to increase 66.70% in the current quarter to $0.08, up from the -$0.02 reported in the same quarter a year ago. For the current year, earnings should grow to an average of $0.15, up 6.60% from -$0.25 reported last year. Analysts also offered guidance for the next financial quarter, with their average projected EPS at between $0.03 and $0.24. Wall Street estimates earnings per share to be at an average of $0.51 for the next year.

Insider Transactions Summary

According to SEC data, total insider shares purchases at the company stands at 35 over the last 12 months, while SEC filings reveal that there have been 28 insider sales over the same period. Insiders have purchases 870,856 shares while those sold by company executives and officers stand at 232,275. The last 3 months have seen insiders trade a total of 84,518 and 30,000 in purchases and sales respectively.

MELLOR ROBERT E, a Chairman (non-executive) at the company, bought 1,000 shares worth $7915.0 at $7.92 per share on Jul 31. The Chairman (non-executive) had earlier bought another 1,000 CDE shares valued at $8475.0 on Aug 07. The shares were bought at $8.48 per share. Nault Casey M. (SVP & General Counsel) sold 30,000 shares at $8.01 per share on Jul 27 for a total of $0.24 million while Watkinson Kenneth J, (VP, Corporate Controller & CAO) sold 3,805 shares on May 21 for $20973.0 with each share fetching $5.51.

General Moly Inc. (AMEX:GMO), on the other hand, is trading around $0.14 with a market cap of $24.97M and analyst research firms have a negative stance on its shares. Some analysts are even forecasting $0 per share in earnings this year on a short term (1 year) basis.

Let us briefly look at the General Moly Inc. (GMO) financials, with a focus on its operating details as indicated in its earnings report for the last quarter.

Company balance sheet and cash flow

GMO’s operating expenses over the recent quarter were at -$0.21 million. This represented a 100.08% of the company’s total revenues which amounted $262.33 million. With this in place, we can see that the company’s diluted EPS declined -$1.39 on the year-over-year period, shrinking to -$0.02 as given in the last earnings report.

In terms of the balance sheet & cash flow as of Current Qtr., the total assets figure advanced to $81.74 million from $343.7 million over the previous quarter. The cash flow from operating activities totaled -$3.39 million, significantly higher than the -$3.57 million reported in the year-ago quarter. The company’s free cash flow for the quarter was -$3.33 million.

Insider activity

Insiders have transacted a total of 4 times at General Moly Inc. over the last 6 months, with insider purchases undertaken 4 times and accounting for 1,640,000 shares. Insider sales totaled 0 shares over the same period, with these deals completed in 0 transactions. Looking at these numbers, we realize that net purchases over that period are 4.0 shares. Insiders now hold a total of 68.71M shares after the latest sales, with 2.60% net shares purchased.

Major holders

Insiders own 6.20% of the company shares, while shares held by institutions stand at 4.90% with a share float percentage of 82.50M. Investors are also buoyed by the number of investors in a company, with General Moly Inc. having a total of 37 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 2.42 million shares worth more than $0.49 million. As of Jun 29, 2020, Vanguard Group, Inc. (The) held 1.59% of shares outstanding.

The other major institutional holder is Blackrock Inc., with the investment firm holding over 1.59 million shares as of Jun 29, 2020. The firm’s total holdings are worth over $0.32 million and represent 1.04% of shares outstanding.