In the last trading session, 4.89 million shares of the Coeur Mining Inc. (NYSE:CDE) were traded, and its beta was 1.81. Most recently the company’s share price was $7.23, and it changed around -$0.07 or -0.96% from the last close, which brings the market valuation of the company to $1.95B. CDE currently trades at a discount to its 52-week high of $12.60, offering almost -74.27% off that amount. The share price’s 52-week low was $6.44, which indicates that the current value has risen by an impressive 10.93% since then. We note from Coeur Mining Inc.’s average daily trading volume that its 10-day average is 3.05 million shares, with the 3-month average coming to 4.24 million.
Coeur Mining Inc. stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.30. If we narrow it down even further, the data shows that 0 out of 9 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 4 recommended CDE as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Coeur Mining Inc. is expected to report earnings per share of $0.1 for the current quarter.
Coeur Mining Inc. (NYSE:CDE) trade information
Instantly CDE has showed a red trend with a performance of -0.96% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 8.54 on Tuesday, 07/20/21 increased the stock’s daily price by 15.34%. The company’s shares are currently down -30.14% year-to-date, but still down -12.36% over the last five days. On the other hand, Coeur Mining Inc. (NYSE:CDE) is -21.84% down in the 30-day period. We can see from the shorts that 5.02 million shares have been sold at a short interest cover period of 1.05 day(s).
The consensus price target as assigned by Wall Street analysts is $11.09, which translates to bulls needing to increase their stock price by 34.81% from its current value. Analyst projections state that CDE is forecast to be at a low of $9.75 and a high of $14.00. In order for the stock price to hit the forecast high, the stock would need to plunge -93.64% from its current level, while the stock would need to crash -34.85% from its current level to reach the projected low.
Coeur Mining Inc. (CDE) estimates and forecasts
Coeur Mining Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -14.13 percent over the past six months and at a 16.67% annual growth rate that is well above the industry average of -0.90%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain 1,100.00% in revenue this quarter, and will report a decrease of -31.20% in the next quarter. The year-over-year growth rate is expected to be 11.80%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of $215.7 million in revenue for the current quarter. 3 analysts expect Coeur Mining Inc. to make $229.83 million in revenue for the quarter ending Sep 2021. Analysts predict that the company’s current quarter sales will jump, forecast at 41.80%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 15.40%.
Coeur Mining Inc.’s next quarterly earnings report is expected to be released around July 27 and August 02.
Coeur Mining Inc. (NYSE:CDE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.40% of Coeur Mining Inc. shares, and 70.54% of them are in the hands of institutional investors. The stock currently has a share float of 71.54%. Coeur Mining Inc. stock is held by 315 institutions, with Van Eck Associates Corporation being the largest institutional investor. By Mar 30, 2021, it held 9.14% of the shares, which is about 23.5 million shares worth $212.22 million.
Vanguard Group, Inc. (The), with 8.85% or 22.76 million shares worth $205.51 million as of Mar 30, 2021, holds the second largest percentage of outstanding shares.
VanEck Vectors ETF Tr-Gold Miners ETF and SPDR (R) Ser Tr-SPDR (R) S&P (R) Metals & Mining ETF were the top two Mutual Funds as of May 30, 2021. The former held 11.68 million shares worth $121.52 million, making up 4.54% of all outstanding shares. On the other hand, SPDR (R) Ser Tr-SPDR (R) S&P (R) Metals & Mining ETF held roughly 10.37 million shares worth around $107.81 million, which represents about 4.03% of the total shares outstanding.