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Will Coeur Mining Inc (CDE) benefit from Wall Street bulls Calls?

Coeur Mining Inc (NYSE: CDE) is 28.22% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CDE stock was last observed hovering at around $3.77 in the last trading session, with the day’s gains setting it 0.41%.

Currently trading at $4.18, the stock is 29.65% and 44.18% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.51 million and changing 10.88% at the moment leaves the stock 51.87% off its SMA200. CDE registered 11.47% gain for a year compared to 6-month gain of 90.00%. The firm has a 50-day simple moving average (SMA 50) of $2.61 and a 200-day simple moving average (SMA200) of $37.06.

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The stock witnessed a 61.39% loss in the last 1 month and extending the period to 3 months gives it a 25.90%, and is 25.53% up 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 5.83% over the week and 6.29% over the month.

Coeur Mining Inc (CDE) has around 2074 employees, a market worth around $1.61B and $814.61M in sales. Fwd P/E is 15.29. Profit margin for the company is -12.72%. Distance from 52-week low is 109.00% and -8.13% 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 -$0.03 with sales reaching $260M over the same period.The EPS is expected to grow by 87.72% this year, but quarterly earnings will post 14.00% year-over-year. Quarterly sales are estimated to grow 38.80% in year-over-year returns.

Coeur Mining Inc (CDE) Top Institutional Holders

281 institutions hold shares in Coeur Mining Inc (CDE), with institutional investors hold 74.27% of the company’s shares. The shares outstanding are 386.28M, and float is at 379.77M with Short Float at 5.44%. Institutions hold 73.07% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 32.64 million shares valued at $92.69 million. The investor’s holdings represent 9.24% of the CDE Shares outstanding. As of Jun 29, 2023, the second largest holder is Van Eck Associates Corporation with 31.04 million shares valued at $88.15 million to account for 8.79% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 30.15 million shares representing 8.54% and valued at over $85.62 million, while State Street Corporation holds 5.89% of the shares totaling 20.79 million with a market value of $59.04 million.

Coeur Mining Inc (CDE) Insider Activity

The most recent transaction is an insider purchase by McGrath Aoife,the company’sSVP, Exploration. SEC filings show that McGrath Aoife bought 6,200 shares of the company’s common stock on Mar 15 ’24 at a price of $3.23 per share for a total of $20020.0. Following the purchase, the insider now owns 0.21 million shares.

Coeur Mining Inc disclosed in a document filed with the SEC on Nov 27 ’23 that Watkinson Kenneth J (VP, Corporate Controller & CAO) sold a total of 7,000 shares of the company’s common stock. The trade occurred on Nov 27 ’23 and was made at $2.81 per share for $19684.0. Following the transaction, the insider now directly holds 0.13 million shares of the CDE stock.

Still, SEC filings show that on Sep 11 ’23, McGrath Aoife (SVP, Exploration) acquired 6,200 shares at an average price of $2.35 for $14558.0. The insider now directly holds 129,217 shares of Coeur Mining Inc (CDE).

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