Coeur Mining Inc (NYSE: CDE) is -16.87% lower on its value in year-to-date trading and has touched a low of $2.00 and a high of $4.55 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CDE stock was last observed hovering at around $2.59 in the last trading session, with the day’s gains setting it 0.12%.
Currently trading at $2.71, the stock is 2.07% and -4.77% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.03 million and changing 4.63% at the moment leaves the stock -1.27% off its SMA200. CDE registered -14.24% loss for a year compared to 6-month gain of 8.84%. The firm has a 50-day simple moving average (SMA 50) of $1.88 and a 200-day simple moving average (SMA200) of $26.67.
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The stock witnessed a 0.74% loss in the last 1 month and extending the period to 3 months gives it a -10.26%, and is -0.37% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.29% over the week and 5.34% over the month.
Coeur Mining Inc (CDE) has around 2074 employees, a market worth around $1.05B and $814.61M in sales. Fwd P/E is 11.28. Profit margin for the company is -12.72%. Distance from 52-week low is 35.50% and -40.44% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.67%).
Coeur Mining Inc quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $260M over the same period.The EPS is expected to grow by 84.37% this year, but quarterly earnings will post 14.80% year-over-year. Quarterly sales are estimated to grow 38.80% in year-over-year returns.
Coeur Mining Inc (CDE) Top Institutional Holders
279 institutions hold shares in Coeur Mining Inc (CDE), with institutional investors hold 75.41% of the company’s shares. The shares outstanding are 386.28M, and float is at 380.61M with Short Float at 5.45%. Institutions hold 74.31% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 36.31 million shares valued at $98.39 million. The investor’s holdings represent 9.40% of the CDE Shares outstanding. As of Dec 30, 2023, the second largest holder is Van Eck Associates Corporation with 36.28 million shares valued at $98.32 million to account for 9.39% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 35.85 million shares representing 9.28% and valued at over $97.17 million, while State Street Corporation holds 6.02% of the shares totaling 23.25 million with a market value of $63.01 million.
Coeur Mining Inc (CDE) Insider Activity
A total of 2 insider transactions have happened at Coeur Mining Inc (CDE) in the last six months, with sales accounting for 0 and purchases happening 2 times. The most recent transaction is an insider sale by Watkinson Kenneth J,the company’sVP, Corporate Controller & CAO. SEC filings show that Watkinson Kenneth J sold 7,000 shares of the company’s common stock on Nov 27 at a price of $2.81 per share for a total of $19684.0. Following the sale, the insider now owns 0.13 million shares.
Coeur Mining Inc disclosed in a document filed with the SEC on Sep 11 that McGrath Aoife (SVP, Exploration) bought a total of 6,200 shares of the company’s common stock. The trade occurred on Sep 11 and was made at $2.35 per share for $14558.0. Following the transaction, the insider now directly holds 0.13 million shares of the CDE stock.
Still, SEC filings show that on Aug 14, Das Paramita (Director) acquired 500 shares at an average price of $2.47 for $1234.0. The insider now directly holds 22,711 shares of Coeur Mining Inc (CDE).
Coeur Mining Inc (CDE): Who are the competitors?
The company’s main competitors (and peers) include Kellanova (K) that is trading -10.57% down over the past 12 months. Barrick Gold Corp. (GOLD) that is -9.56% lower over the same period.
