During the last session, Coeur Mining Inc (NYSE:CDE)’s traded shares were 1.44 million, with the beta value of the company hitting 1.62. The 52-week high for the CDE share is $7.72, that puts it down -18.22 from that peak though still a striking 62.94% gain since the share price plummeted to a 52-week low of $2.42. The company’s market capitalization is $2.61B, and the average intraday trading volume over the past 10 days was 12.15 million shares, and the average trade volume was 9.62 million shares over the past three months.
Coeur Mining Inc (CDE) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.25. CDE has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.16.
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Coeur Mining Inc (NYSE:CDE) trade information
The stock’s 5-day price performance is 4.82%, and it has moved by -10.55% in 30 days. Based on these gigs, the overall price performance for the year is 139.19%. The short interest in Coeur Mining Inc (NYSE:CDE) is 29.0 million shares and it means that shorts have 2.94 day(s) to cover.
The consensus price target of analysts on Wall Street is $5.4, which implies a decrease of -20.93% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4 and $8 respectively. As a result, CDE is trading at a discount of -22.51% off the target high and 38.74% off the low.
Coeur Mining Inc (CDE) estimates and forecasts
Statistics show that Coeur Mining Inc has outperformed its competitors in share price, compared to the industry in which it operates. Coeur Mining Inc (CDE) shares have gone up 21.60% during the last six months, with a year-to-date growth rate more than the industry average at 165.22% against 13.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 900.00% this quarter and then jump 340.00% in the quarter after that. In the rating firms’ projections, revenue will increase 30.89% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 310.2M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 323M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 262.09M and 213.06M respectively. In this case, analysts expect current quarter sales to grow by 18.36% and then jump by 51.60% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -2.67%. While earnings are projected to return 165.50% in 2024.
CDE Dividends
Coeur Mining Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. The average dividend yield of the company for the last 5 years is 0.87%.
Coeur Mining Inc (NYSE:CDE)’s Major holders
Coeur Mining Inc insiders own 1.52% of total outstanding shares while institutional holders control 78.94%, with the float percentage being 80.15%. BLACKROCK INC. is the largest shareholder of the company, while 370.0 institutions own stock in it. As of 2024-06-30, the company held over 37.28 million shares (or 9.6833% of all shares), a total value of $209.5 million in shares.
The next largest institutional holding, with 37.02 million shares, is of VANGUARD GROUP INC’s that is approximately 9.6158% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $208.04 million.
Also, the Mutual Funds coming in first place with the largest holdings of Coeur Mining Inc (CDE) shares are VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF. Data provided on Sep 30, 2024 indicates that VanEck ETF Trust-VanEck Gold Miners ETF owns about 18.27 shares. This amounts to just over 4.58 percent of the company’s overall shares, with a $119.6 million market value. The same data shows that the other fund manager holds slightly less at 12.76, or about 3.20% of the stock, which is worth about $83.5 million.
