In the latest trading session, 0.84 million Coeur Mining Inc (NYSE:CDE) shares changed hands as the company’s beta touched 1.61. With the company’s most recent per share price at $6.32 changed hands at -$0.07 or -1.02% at last look, the market valuation stands at $2.53B. CDE’s current price is a discount, trading about -1.27% off its 52-week high of $6.40. The share price had its 52-week low at $2.00, which suggests the last value was 68.35% up since then. When we look at Coeur Mining Inc’s average trading volume, we note the 3-month average coming to 7.75 million.
Coeur Mining Inc (NYSE:CDE) trade information
Instantly CDE was in red as seen in intraday trades today. With action 17.13%, the performance over the past five days has been green. The drop to weekly highs of 6.40 subtracted -1.02% to the stock’s daily price. The company’s shares are showing year-to-date upside of 94.02%, with the 5-day performance at 17.13% in the green. However, in the 30-day time frame, Coeur Mining Inc (NYSE:CDE) is 7.02% up.
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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 123.50% over the past 6 months, a 134.78% in annual growth rate that is considerably higher than the industry average of 10.90%. Year-over-year growth is forecast to reach 22.80% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 241.5M. 1 analysts are of the opinion that Coeur Mining Inc’s revenue for the current quarter will be 286.6M. The estimates for the next quarter sales put growth at 11.30%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -2.67%. The 2024 estimates are for Coeur Mining Inc earnings to increase by 122.19%.
CDE Dividends
Coeur Mining Inc is expected to release its next quarterly earnings report in August.
Coeur Mining Inc (NYSE:CDE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.52% of Coeur Mining Inc shares while 75.97% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 77.14%. There are 75.97% institutions holding the Coeur Mining Inc stock share, with Van Eck Associates Corporation the top institutional holder. As of Mar 31, 2024, the company held 9.67% of the shares, roughly 38.62 CDE shares worth $243.53 million.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 9.22% or 36.81 shares worth $232.1 million as of Mar 31, 2024.
Among Mutual Funds, the top two as of May 31, 2024 were VanEck ETF Trust-VanEck Gold Miners ETF and SPDR (R) Ser Tr-SPDR (R) S&P (R) Metals & Mining ETF. With 20.12 shares estimated at $126.85 million under it, the former controlled 5.04% of total outstanding shares. On the other hand, SPDR (R) Ser Tr-SPDR (R) S&P (R) Metals & Mining ETF held about 4.25% of the shares, roughly 16.99 shares worth around $107.1 million.
