In today’s recent session, 5,636,669 shares of the Coeur Mining, Inc.(NYSE:CDE) have been traded, and its beta is 2.03. Most recently the company’s share price was $9.88, and it changed around $1.15 or 0.13% from the last close, which brings the market valuation of the company to $2.41 Billion. CDE at last check was trading at a discount to its 52-week high of $12.6, offering almost -27.53% off that amount. The share price’s 52-week low was $1.98, which indicates that the recent value has risen by an impressive 79.96% since then. We note from Coeur Mining, Inc.’s average daily trading volume that its 10-day average is 4.51 Million shares, with the 3-month average coming to 5.52 Million.
Coeur Mining, Inc. stock received a consensus recommendation rating of Overweight, based on a mean score of 2.5. If we narrow it down even further, the data shows that none out of 8 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 3 recommended CDE as a Hold, whereas 4 deemed it a Buy, and no one rated it as Underweight. Coeur Mining, Inc. is expected to report earnings per share of $0.08 for the current quarter.
Coeur Mining, Inc. (NYSE:CDE): Trading Information Today
Instantly CDE has been showing a green trend so far today with a performance of 13.15% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $9.96- on Monday, Feb 22 increased the stock’s daily price by 1.2%. The company’s shares are currently down -0.05% year-to-date, but still up 0.0813 over the last five days. On the other hand, Coeur Mining, Inc. (NYSE:CDE) is 0.14% up in the 30-day period. We can see from the shorts that 4.88 Million shares have been sold at a short interest cover period of 0.88 day(s).
The consensus price target as assigned by Wall Street analysts is $11.16, which translates to bears needing to increase their stock price by 12.96% from its current value. Analyst projections state that CDE is forecast to be at a low of $9 and a high of $14. In order for the stock price to hit the forecast high, the stock would need to surge +41.7% from its current level, while the stock would need to crash -8.91% from its current level to reach the projected low.
Coeur Mining, Inc. (CDE) projections and forecasts
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of $207.03 Million in revenue for the current quarter. 2 analysts expect Coeur Mining, Inc. to make $236.89 Million in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarters a year ago were $173.17 Million and $152.14 Million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 19.6%. Forecasts for the next quarter put sales growth at 55.7%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 15.4%. Coeur Mining, Inc. earnings are expected to increase by 106.7% in 2021, but the outlook is negative 0% per year for the next five years.
Coeur Mining, Inc. (NYSE:CDE)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 1.43% of Coeur Mining, Inc. shares, and 71.92% of them are in the hands of institutional investors. The stock currently has a share float of 72.96%. Coeur Mining, Inc. stock is held by 298 institutions, with Van Eck Associates Corporation being the largest institutional investor. By Dec 30, 2020, it held 10.25% of the shares, which is about 24.98 Million shares worth $258.59 Million.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
Vanguard Group, Inc. (The), with 9.01% or 21.95 Million shares worth $161.99 Million as of Sep 29, 2020, holds the second largest percentage of outstanding shares.