Coeur Mining Inc (NYSE:CDE)’s traded shares stood at 9.73 million during the last session, with the company’s beta value hitting 1.64. At the close of trading, the stock’s price was $6.80, to imply a decrease of -4.36% or -$0.31 in intraday trading. The CDE share’s 52-week high remains $7.72, putting it -13.53% down since that peak but still an impressive 70.59% since price per share fell to its 52-week low of $2.00. The company has a valuation of $2.72B, with an average of 10.53 million shares in intraday trading volume over the past 10 days and average of 8.61 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Coeur Mining Inc (CDE), translating to a mean rating of 1.50. Of 5 analyst(s) looking at the stock, 0 analyst(s) give CDE a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 4 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 0.07.
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Coeur Mining Inc (NYSE:CDE) trade information
After registering a -4.36% downside in the last session, Coeur Mining Inc (CDE) has traded red over the past five days. The 5-day price performance for the stock is -4.23%, and -9.45% over 30 days. With these gigs, the year-to-date price performance is 108.59%. Short interest in Coeur Mining Inc (NYSE:CDE) saw shorts transact 17.26 million shares and set a 1.89 days time to cover.
The extremes give us $4 and $8 for target low and target high price respectively. As such, CDE has been trading -17.65% off suggested target high and 41.18% 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 37.65% up over the last 6 months, with its year-to-date growth rate higher than industry average at 160.87% against 14.10%. Revenue is forecast to grow 240.00% this quarter before jumping 550.00% for the next one. The rating firms project that company’s revenue will grow 25.90% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is 287.1M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 300.9M.Earnings reports from the last fiscal year show that sales brought in 257.4M and 262.09M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 11.50% before jumping 14.80% in the following quarter.
CDE Dividends
Coeur Mining Inc has its next earnings report out on 2024-Nov-06. 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. The company’s average dividend yield trailing the past 5-year period is 0.87%.
Coeur Mining Inc (NYSE:CDE)’s Major holders
Coeur Mining Inc insiders hold 1.52% of total outstanding shares, with institutional holders owning 77.86% of the shares at 79.06% float percentage. In total, 77.86% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 37.28 million shares (or 9.6833% of shares), all amounting to roughly $209.5 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 37.02 million shares, or about 9.6158% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $208.04 million.
We also have VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF as the top two Mutual Funds with the largest holdings of the Coeur Mining Inc (CDE) shares. Going by data provided on Sep 30, 2024 , VanEck ETF Trust-VanEck Gold Miners ETF holds roughly 18.27 shares. This is just over 4.58% of the total shares, with a market valuation of $124.25 million. Data from the same date shows that the other fund manager holds a little less at 12.69, or 3.18% of the shares, all valued at about 86.26 million.
