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Why Coeur Mining Inc (CDE) Stock Could See Much Higher Prices Ahead

Coeur Mining Inc (NYSE: CDE) is 60.12% higher on its value in year-to-date trading and has touched a low of $2.00 and a high of $5.59 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 $5.19 in the last trading session, with the day’s gains setting it 0.03%.

Currently trading at $5.22, the stock is 8.82% and 25.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.06 million and changing 0.58% at the moment leaves the stock 72.75% off its SMA200. CDE registered 56.29% gain for a year compared to 6-month gain of 147.39%.

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The stock witnessed a 16.52% loss in the last 1 month and extending the period to 3 months gives it a 105.51%, and is 1.95% 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 6.06% over the week and 6.61% over the month.

Coeur Mining Inc (CDE) has around 2074 employees, a market worth around $2.08B and $835.35M in sales. Fwd P/E is 20.20. Profit margin for the company is -12.95%. Distance from 52-week low is 161.00% and -6.54% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.84%).

with sales reaching $241.5M over the same period.The EPS is expected to grow by 108.52% this year, but quarterly earnings will post 21.10% year-over-year.

Coeur Mining Inc (CDE) Top Institutional Holders

The shares outstanding are 399.32M, and float is at 392.90M with Short Float at 5.37%.

Coeur Mining Inc (CDE) Insider Activity

The most recent transaction is an insider sale by Edwards Sebastian,the company’sDirector. SEC filings show that Edwards Sebastian sold 20,000 shares of the company’s common stock on May 07 ’24 at a price of $5.08 per share for a total of $0.1 million. Following the sale, the insider now owns 0.1 million shares.

Coeur Mining Inc disclosed in a document filed with the SEC on May 03 ’24 that Watkinson Kenneth J (VP, Corporate Controller & CAO) sold a total of 44,000 shares of the company’s common stock. The trade occurred on May 03 ’24 and was made at $4.86 per share for $0.21 million. Following the transaction, the insider now directly holds 0.14 million shares of the CDE stock.

Still, SEC filings show that on Mar 15 ’24, McGrath Aoife (SVP, Exploration) acquired 6,200 shares at an average price of $3.23 for $20020.0. The insider now directly holds 207,308 shares of Coeur Mining Inc (CDE).

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