Coeur Mining Inc (NYSE:CDE) Has Made The 71.83% Recovery, Could Gain Another -8.73% Ahead

In last trading session, Coeur Mining Inc (NYSE:CDE) saw 15.15 million shares changing hands with its beta currently measuring 1.64. Company’s recent per share price level of $7.10 trading at $0.62 or 9.57% at ring of the bell on the day assigns it a market valuation of $2.83B. That closing price of CDE’s stock is at a discount of -8.73% from its 52-week high price of $7.72 and is indicating a premium of 71.83% 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 11.31 million shares which gives us an average trading volume of 8.11 million if we extend that period to 3-months.

For Coeur Mining Inc (CDE), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.62. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.07 in the current quarter.

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Coeur Mining Inc (NYSE:CDE) trade information

Upright in the green during last session for gaining 9.57%, in the last five days CDE remained trading in the green while hitting it’s week-highest on Friday, 10/18/24 when the stock touched $7.10 price level, adding 0.56% to its value on the day. Coeur Mining Inc’s shares saw a change of 117.79% in year-to-date performance and have moved 11.11% in past 5-day. Coeur Mining Inc (NYSE:CDE) showed a performance of 2.75% in past 30-days. Number of shares sold short was 17.26 million shares which calculate 1.89 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 5 to the stock, which implies a fall of -42.0% to its current value. Analysts have been projecting 4 as a low price target for the stock while placing it at a high target of 8. It follows that stock’s current price would jump 43.66% in reaching the projected high whereas dropping to the targeted low would mean a gain of 43.66% for stock’s current value.

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 57.78% of value to its shares in past 6 months, showing an annual growth rate of 147.83% while that of industry is 15.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 25.90% from the last financial year’s standing.

2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 287.1M for the same. And 2 analysts are in estimates of company making revenue of 300.9M in the next quarter. Company posted 257.4M and 262.09M of sales in current and next quarters respectively a year earlier.

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.

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

Insiders are in possession of 1.52% of company’s total shares while institution are holding 78.04 percent of that, with stock having share float percentage of 79.25%. Investors also watch the number of corporate investors in a company very closely, which is 78.04% institutions for Coeur Mining Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at CDE for having 37.28 million shares of worth $209.5 million. And as of 2024-06-30, it was holding 9.6833 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 37.02 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.6158 of outstanding shares, having a total worth of $208.04 million.