In the latest trading session, 1.29 million Coeur Mining Inc (NYSE:CDE) shares changed hands as the company’s beta touched 1.58. With the company’s most recent per share price at $6.78 changing hands around $0.06 or 0.89% at last look, the market valuation stands at $2.71B. CDE’s current price is a discount, trading about -13.86% off its 52-week high of $7.72. The share price had its 52-week low at $2.42, which suggests the last value was 64.31% up since then. When we look at Coeur Mining Inc’s average trading volume, we note the 10-day average is 7.94 million shares, with the 3-month average coming to 9.96 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.
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Coeur Mining Inc (NYSE:CDE) trade information
Instantly CDE is in green as seen in intraday trades today. With action 6.27%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 107.98%, with the 5-day performance at 6.27% in the green. However, in the 30-day time frame, Coeur Mining Inc (NYSE:CDE) is 12.62% up. Looking at the short shares, we see there were 37.53 million shares sold at short interest cover period of 3.35 days.
The consensus price target for the stock as assigned by Wall Street analysts is 7.62, meaning bulls need an upside of 11.02% from its recent market value. According to analyst projections, CDE’s forecast low is 7.25 with 8 as the target high. To hit the forecast high, the stock’s price needs a -17.99% plunge from its current level, while the stock would need to soar -6.93% 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 22.83% over the past 6 months, a 165.22% in annual growth rate that is considerably higher than the industry average of 12.50%.
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 165.50%.
CDE Dividends
Coeur Mining Inc is expected to release its next quarterly earnings report in January. 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 78.72% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 79.93%. There are 78.72% 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.
