In today’s recent session, 2.52 million shares of the Coeur Mining Inc (NYSE:CDE) have been traded, and its beta is 1.48. Most recently the company’s share price was $6.99, and it changed around -$0.04 or -0.64% from the last close, which brings the market valuation of the company to $2.79B. CDE at last check was trading at a discount to its 52-week high of $7.72, offering almost -10.44% off that amount. The share price’s 52-week low was $2.42, which indicates that the recent value has risen by an impressive 65.38% since then. We note from Coeur Mining Inc’s average daily trading volume that its 10-day average is 16.41 million shares, with the 3-month average coming to 10.80 million.
Coeur Mining Inc stock received a consensus recommendation rating of Overweight, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 1 recommended CDE as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Coeur Mining Inc is expected to report earnings per share of 0.12 for the current quarter.
Coeur Mining Inc (NYSE:CDE) trade information
Instantly CDE has been showing red trend so far today with a performance of -0.64% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 7.36 on recent trading dayincreased the stock’s daily price by 5.03%. The company’s shares are currently up 22.12% year-to-date, but still up 0.94% over the last five days. On the other hand, Coeur Mining Inc (NYSE:CDE) is 11.76% up in the 30-day period. We can see from the shorts that 38.44 million shares have been sold at a short interest cover period of 4.05 day(s).
The consensus price target as assigned by Wall Street analysts is $7.62, which translates to bulls needing to increase their stock price by 8.27% from its current value. Analyst projections state that CDE is forecast to be at a low of $7.25 and a high of $8.
Coeur Mining Inc (CDE) estimates and forecasts
The year-over-year growth rate is expected to be 31.08%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 321.3M in revenue for the current quarter. 1 analysts expect Coeur Mining Inc to make 323M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 262.09M and 213.06M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 22.59%. Forecasts for the next quarter put sales growth at 51.60%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -2.67%.
CDE Dividends
Coeur Mining Inc’s next quarterly earnings report is expected to be released in March. The average dividend yield for the past five years averaged 0.87 per year.
Coeur Mining Inc (NYSE:CDE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.64% of Coeur Mining Inc shares, and 78.12% of them are in the hands of institutional investors. The stock currently has a share float of 79.43%. Coeur Mining Inc stock is held by 407.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 9.6833% of the shares, which is about 37.28 million shares worth $209.5 million.
VANGUARD GROUP INC, with 9.6158% or 37.02 million shares worth $208.04 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF were the top two Mutual Funds as of Nov 30, 2024 . The former held 17.61 shares worth $124.08 million, making up 4.41% of all outstanding shares. On the other hand, VanEck ETF Trust-VanEck Junior Gold Miners ETF held roughly 12.07 shares worth around $85.06 million, which represents about 3.02% of the total shares outstanding.
