Coeur Mining Inc (NYSE:CDE) Is Currently -34.22% Below Its 52-Week High, But Upside Potential Is Still There.

In recent trading session, Coeur Mining Inc (NYSE:CDE) saw 3.43 million shares changing hands at last check today with its beta currently measuring 1.80. Company’s recent per share price level of $3.39 trading at $0.04 or 1.22% at last check today assigns it a market valuation of $1.31B. That most recent trading price of CDE’s stock is at a discount of -34.22% from its 52-week high price of $4.55 and is indicating a premium of 41.0% from its 52-week low price of $2.00. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 7.07 million shares which gives us an average trading volume of 6.35 million if we extend that period to 3-months.

Coeur Mining Inc (NYSE:CDE) trade information

Upright in the green today for gaining 1.22%, in the last five days CDE remained trading in the green while hitting it’s week-highest on Thursday, 03/21/24 when the stock touched $3.39 price level, adding 3.14% to its value on the day. Coeur Mining Inc’s shares saw a change of 4.02% in year-to-date performance and have moved 6.97% in past 5-day. Coeur Mining Inc (NYSE:CDE) showed a performance of 31.43% in past 30-days. Number of shares sold short was 20.72 million shares which calculate 3.34 days to cover the short interests.

Coeur Mining Inc (CDE) estimates and forecasts

Statistics highlight that Coeur Mining Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 54.14% of value to its shares in past 6 months, showing an annual growth rate of 78.26% while that of industry is 5.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 72.70% in the current quarter and calculating 83.30% increase in the next quarter. This year revenue growth is estimated to rise 14.00% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $260 million for the same.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -2.67% during past 5 years.

CDE Dividends

Coeur Mining Inc is more likely to be releasing its next quarterly report between May 08 and May 13 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

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

Insiders are in possession of 1.62% of company’s total shares while institution are holding 72.91 percent of that, with stock having share float percentage of 74.11%. Investors also watch the number of corporate investors in a company very closely, which is 72.91% institutions for Coeur Mining Inc that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at CDE for having 36.31 million shares of worth $123.63 million. And as of Dec 30, 2023, it was holding 9.40% of the company’s outstanding shares.

The second largest institutional holder is Van Eck Associates Corporation, which was holding about 36.28 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 9.39% of outstanding shares, having a total worth of $123.53 million.

On the other hand, VanEck ETF Trust-VanEck Gold Miners ETF and SPDR (R) Ser Tr-SPDR (R) S&P (R) Metals & Mining ETF are the top two Mutual Funds which own company’s shares. As of Dec 30, 2023, the former fund manager was holding 20.56 million shares of worth $70.02 million or 5.32% of the total outstanding shares. The later fund manager was in possession of 14.0 million shares on Jan 30, 2024, making its stake of worth around $47.67 million in the company or a holder of 3.62% of company’s stock.