During the recent session, Coeur Mining Inc. (NYSE:CDE)’s traded shares were 1.44 million, with the beta value of the company hitting 1.77. At the last check today, the stock’s price was $6.45, reflecting an intraday gain of 0.39% or $0.02. The 52-week high for the CDE share is $12.60, that puts it down -95.35 from that peak though still a striking 9.15% gain since the share price plummeted to a 52-week low of $5.86. The company’s market capitalization is $1.66B, and the average trade volume was 3.54 million shares over the past three months.
Coeur Mining Inc. (CDE) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.30. CDE has a Sell rating from 0 analyst(s) out of 9 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.09.
Coeur Mining Inc. (NYSE:CDE) trade information
Coeur Mining Inc. (CDE) registered a 0.39% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.39% in intraday trading to $6.45 this Wednesday, 10/13/21, hitting a weekly high. The stock’s 5-day price performance is 4.05%, and it has moved by -9.05% in 30 days. Based on these gigs, the overall price performance for the year is -20.81%.
The consensus price target of analysts on Wall Street is $9.97, which implies an increase of 35.31% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $8.00 and $14.00 respectively. As a result, CDE is trading at a discount of -117.05% off the target high and -24.03% off the low.
Coeur Mining Inc. (CDE) estimates and forecasts
Statistics show that Coeur Mining Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Coeur Mining Inc. (CDE) shares have gone down -35.25% during the last six months, with a year-to-date growth rate less than the industry average at -37.50% against 4.60. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to shrink -43.80% this quarter and then drop -12.50% in the quarter after that. In the rating firms’ projections, revenue will increase 11.10% compared to the previous financial year.
Revenue for the current quarter is expected to be $232 million as predicted by 3 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to $223.05 million by the end of Dec 2021.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 15.40%. While earnings are projected to return 106.70% in 2021.
Coeur Mining Inc. is due to release its next quarterly earnings on October 27. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Coeur Mining Inc. (NYSE:CDE)’s Major holders
Coeur Mining Inc. insiders own 1.40% of total outstanding shares while institutional holders control 72.05%, with the float percentage being 73.07%. Van Eck Associates Corporation is the largest shareholder of the company, while 319 institutions own stock in it. As of Jun 29, 2021, the company held over 25.59 million shares (or 9.96% of all shares), a total value of $227.22 million in shares.
The next largest institutional holding, with 22.25 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 8.65% of outstanding shares. At the market price on Jun 29, 2021, these shares were valued at $197.54 million.
Also, the Mutual Funds coming in first place with the largest holdings of Coeur Mining Inc. (CDE) shares are VanEck Vectors ETF Tr-Gold Miners ETF and VanEck Vectors ETF Tr-Junior Gold Miners ETF. Data provided on Sep 29, 2021 indicates that VanEck Vectors ETF Tr-Gold Miners ETF owns about 13.1 million shares. This amounts to just over 5.10 percent of the company’s overall shares, with a $80.8 million market value. The same data shows that the other fund manager holds slightly less at 10.13 million, or about 3.94% of the stock, which is worth about $62.48 million.