In the latest trading session, 1.35 million Coeur Mining Inc. (NYSE:CDE) shares changed hands as the company’s beta touched 1.60. With the company’s most recent per share price at $2.35 changed hands at -$0.03 or -1.26% at last look, the market valuation stands at $798.51M. CDE’s current price is a discount, trading about -93.62% off its 52-week high of $4.55. The share price had its 52-week low at $2.19, which suggests the last value was 6.81% up since then. When we look at Coeur Mining Inc.’s average trading volume, we note the 10-day average is 7.42 million shares, with the 3-month average coming to 5.85 million.
Analysts gave the Coeur Mining Inc. (CDE) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.30. If we narrow down to specifics, the data shows that 0 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended CDE as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Coeur Mining Inc.’s EPS for the current quarter is expected to be $0.
Coeur Mining Inc. (NYSE:CDE) trade information
Instantly CDE was in red as seen in intraday trades today. With action 1.73%, the performance over the past five days has been green. The drop to weekly highs of 2.44 on Friday, 09/15/23 subtracted -1.26% to the stock’s daily price. The company’s shares are showing year-to-date downside of -30.06%, with the 5-day performance at 1.73% in the green. However, in the 30-day time frame, Coeur Mining Inc. (NYSE:CDE) is -6.00% down. Looking at the short shares, we see there were 25.78 million shares sold at short interest cover period of 4.38 days.
The consensus price target for the stock as assigned by Wall Street analysts is $4.25, meaning bulls need an upside of 44.71% from its recent market value. According to analyst projections, CDE’s forecast low is $3.25 with $5.25 as the target high. To hit the forecast high, the stock’s price needs a -123.4% plunge from its current level, while the stock would need to soar -38.3% for it to hit the projected low.
Coeur Mining Inc. (CDE) estimates and forecasts
Data shows that the Coeur Mining Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -23.70% over the past 6 months, a 50.00% in annual growth rate that is considerably higher than the industry average of -6.10%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Coeur Mining Inc. will rise 100.00%, while the growth in revenue is estimated to hit 100.00% for the next quarter. Year-over-year growth is forecast to reach 9.60% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $257.4 million. 1 analysts are of the opinion that Coeur Mining Inc.’s revenue for the quarter ending Dec 2023 will be $254.5 million. The company’s revenue for the corresponding quarters a year ago was $182.99 million and $210.12 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 40.70%. The estimates for the next quarter sales put growth at 21.10%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -20.30%. The 2023 estimates are for Coeur Mining Inc. earnings to decrease by -126.60%.
Coeur Mining Inc. is expected to release its next quarterly earnings report between November 07 and November 13.
Coeur Mining Inc. (NYSE:CDE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.68% of Coeur Mining Inc. shares while 71.67% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 72.89%. There are 71.67% institutions holding the Coeur Mining Inc. stock share, with Blackrock Inc. the top institutional holder. As of Jun 29, 2023, the company held 9.24% of the shares, roughly 32.64 million CDE shares worth $92.69 million.
Van Eck Associates Corporation holds the second largest percentage of outstanding shares, with 8.79% or 31.04 million shares worth $88.15 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Aug 30, 2023 were VanEck ETF Trust-VanEck Gold Miners ETF and SPDR (R) Ser Tr-SPDR (R) S&P (R) Metals & Mining ETF. With 17.94 million shares estimated at $43.23 million under it, the former controlled 5.08% of total outstanding shares. On the other hand, SPDR (R) Ser Tr-SPDR (R) S&P (R) Metals & Mining ETF held about 4.15% of the shares, roughly 14.65 million shares worth around $45.11 million.