In the latest trading session,, 1.97 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 $6.28 changed hands at -$0.08 or -1.18% at last look, the market valuation stands at $2.51B. CDE’s current price is a discount, trading about -22.93% off its 52-week high of $7.72. The share price had its 52-week low at $2.00, which suggests the last value was 68.15% up since then. When we look at Coeur Mining Inc’s average trading volume, we note the 10-day average is 12.02 million shares, with the 3-month average coming to 9.54 million.
Analysts gave the Coeur Mining Inc (CDE) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.25. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 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 0.11.
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Coeur Mining Inc (NYSE:CDE) trade information
Instantly CDE was in red as seen in intraday trades today. With action 6.35%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 92.79%, with the 5-day performance at 6.35% in the green. However, in the 30-day time frame, Coeur Mining Inc (NYSE:CDE) is -3.46% down. Looking at the short shares, we see there were 29.0 million shares sold at short interest cover period of 2.94 days.
The consensus price target for the stock as assigned by Wall Street analysts is 5.4, meaning bulls need a downside of -16.3% from its recent market value. According to analyst projections, CDE’s forecast low is 4 with 8 as the target high. To hit the forecast high, the stock’s price needs a -27.39% plunge from its current level, while the stock would need to tank 36.31% 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 18.81% over the past 6 months, a 169.57% in annual growth rate that is considerably higher than the industry average of 11.20%. Year-over-year growth is forecast to reach 29.30% 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 315.75M. 2 analysts are of the opinion that Coeur Mining Inc’s revenue for the current quarter will be 339.47M. The company’s revenue for the corresponding quarters a year ago was 262.09M and 213.06M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 20.50%. The estimates for the next quarter sales put growth at 59.30%.
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 165.29%.
CDE Dividends
Coeur Mining Inc is expected to release its next quarterly earnings report on 2025-Feb-19. During the past 5 years, the average dividend yield was 0.87 per year.
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 76.55% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 77.73%. There are 76.55% institutions holding the Coeur Mining Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 9.6833% of the shares, roughly 37.28 million CDE shares worth $209.5 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 9.6158% or 37.02 million shares worth $208.04 million as of 2024-06-30.