Coeur Mining Inc (NYSE: CDE) is 86.20% higher on its value in year-to-date trading and has touched a low of $2.00 and a high of $7.72 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 $6.02 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $6.07, the stock is -8.78% and -7.38% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.92 million and changing 0.83% at the moment leaves the stock 17.41% off its SMA200. CDE registered 135.27% gain for a year compared to 6-month gain of 18.55%. The firm has a 50-day simple moving average (SMA 50) of $6.559 and a 200-day simple moving average (SMA200) of $5.1536.
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The stock witnessed a -1.94% loss in the last 1 month and extending the period to 3 months gives it a 18.55%, and is -13.04% 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 4.72% over the week and 4.28% over the month.
Coeur Mining Inc (CDE) has around 2074 employees, a market worth around $2.42B and $864.05M in sales. Fwd P/E is 9.68. Profit margin for the company is -8.60%. Distance from 52-week low is 203.50% and -21.37% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.53%).
with sales reaching $289.19M over the same period.The EPS is expected to grow by 148.08% this year, but quarterly earnings will post 26.60% year-over-year. Quarterly sales are estimated to grow 12.40% in year-over-year returns.
Coeur Mining Inc (CDE) Top Institutional Holders
341.0 institutions hold shares in Coeur Mining Inc (CDE), with institutional investors hold 78.88% of the company’s shares. The shares outstanding are 399.29M, and float is at 393.09M with Short Float at 6.03%. Institutions hold 77.69% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 37.28 million shares valued at $209.5 million. The investor’s holdings represent 9.6833% of the CDE Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 37.02 million shares valued at $208.04 million to account for 9.6158 of the shares outstanding. The other top investors are VAN ECK ASSOCIATES CORP which holds 34.1 million shares representing 8.8591% and valued at over $191.67 million, while STATE STREET CORP holds 4.9357 of the shares totaling 19.0 million with a market value of $106.78 million.
Coeur Mining Inc (CDE) Insider Activity
The most recent transaction is an insider sale by Edwards Sebastian, the company’s Director. 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).
