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Coeur Mining Inc. (NYSE: CDE) Up 17.53% From 52-Week Low; YTD Falls -8.33% – Here’s What To Do Now

Coeur Mining Inc. (NYSE:CDE)’s traded shares stood at 18.24 million during the last session, with the company’s beta value hitting 1.55. At the close of trading, the stock’s price was $3.08, to imply an increase of 5.48% or $0.16 in intraday trading. The CDE share’s 52-week high remains $5.39, putting it -75.0% down since that peak but still an impressive 17.53% since price per share fell to its 52-week low of $2.54. The company has a valuation of $923.35M, with an average of 6.58 million shares in intraday trading volume over the past 10 days and average of 4.98 million shares over the past 3 months.

Analysts have given a consensus recommendation of an Overweight for Coeur Mining Inc. (CDE), translating to a mean rating of 2.70. Of 7 analyst(s) looking at the stock, 0 analyst(s) give CDE a Sell rating. 0 of those analysts rate the stock as Overweight while 5 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.05.

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Coeur Mining Inc. (NYSE:CDE) trade information

After registering a 5.48% upside in the last session, Coeur Mining Inc. (CDE) has traded red over the past five days. The stock hit a weekly high of 3.15 this Friday, 03/17/23, jumping 5.48% in its intraday price action. The 5-day price performance for the stock is 8.07%, and -6.67% over 30 days. With these gigs, the year-to-date price performance is -8.33%. Short interest in Coeur Mining Inc. (NYSE:CDE) saw shorts transact 14.22 million shares and set a 3.28 days time to cover.

Analysts on Wall Street suggest a consensus price target of $4.51, implying an increase of 31.71% to the stock’s current value. The extremes give us $3.25 and $6.00 for target low and target high price respectively. As such, CDE has been trading -94.81% off suggested target high and -5.52% from its likely low.

Coeur Mining Inc. (CDE) estimates and forecasts

Looking at statistics comparing Coeur Mining Inc. share performance against respective industry, we note that the company has outperformed competitors. Coeur Mining Inc. (CDE) shares are 8.45% up over the last 6 months, with its year-to-date growth rate higher than industry average at 68.75% against -1.00%. The rating firms project that company’s revenue will shrink -6.40% compared to the previous financial year.

Revenue forecast for the current quarter as set by 3 analysts is $200.03 million.

CDE Dividends

Coeur Mining Inc. has its next earnings report out between May 02 and May 08. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Coeur Mining Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Coeur Mining Inc. (NYSE:CDE)’s Major holders

Coeur Mining Inc. insiders hold 1.54% of total outstanding shares, with institutional holders owning 75.48% of the shares at 76.67% float percentage. In total, 75.48% institutions holds shares in the company, led by Blackrock Inc. As of Sep 29, 2022, the company held over 25.88 million shares (or 9.21% of shares), all amounting to roughly $88.52 million.

The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 25.87 million shares, or about 9.21% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $88.48 million.

We also have VanEck ETF Trust-VanEck Gold Miners ETF and SPDR (R) Ser Tr-SPDR (R) S&P (R) Metals & Mining ETF as the top two Mutual Funds with the largest holdings of the Coeur Mining Inc. (CDE) shares. Going by data provided on Dec 30, 2022, VanEck ETF Trust-VanEck Gold Miners ETF holds roughly 14.56 million shares. This is just over 5.18% of the total shares, with a market valuation of $48.92 million. Data from the same date shows that the other fund manager holds a little less at 13.57 million, or 4.83% of the shares, all valued at about 45.6 million.

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