Coeur Mining Inc (NYSE: CDE) Up 32.75% This Year: What To Expect Next

The trading price of Coeur Mining Inc (NYSE:CDE) floating higher at last check on Tuesday, April 02, closing at $4.33, 3.53% higher than its previous close.

In examining the 52-week price action we see that the stock hit a 52-week high of $4.55 and a 52-week low of $2.00. Over the past month, the stock has gained 59.69% in value.

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Coeur Mining Inc, whose market valuation is $1.67 billion at the time of this writing, is expected to release its quarterly earnings report May 08, 2024 – May 13, 2024. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.03 per share this quarter, however they have predicted annual earnings per share of -$0.04 for 2024 and $0.23 for 2025. It means analysts are expecting annual earnings per share growth of 82.60% this year and 675.00% next year.

Analysts have forecast the company to bring in revenue of $260 million for the current quarter, with the likely lows of $260 million and highs of $260 million. The average estimate suggests sales will likely up by 38.80% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $936.35 million. The company’s revenue is forecast to grow by 14.00% over what it did in 2024.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Coeur Mining Inc No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest CDE has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.

A quick review shows that CDE’s price is currently 31.24% off the SMA20 and 47.68% off the SMA50. The RSI metric on the 14-day chart is currently showing 77.36, and weekly volatility stands at 5.83%. When measured over the past 30 days, the indicator reaches 6.29%. Coeur Mining Inc (NYSE:CDE)’s beta value is currently sitting at 1.85, while the Average True Range indicator is currently displaying 0.22.

To see how Coeur Mining Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: CDE stock’s performance was 3.53% at last check in today’s session, and 7.38% in the past year.

An evaluation of the daily trading volume of Coeur Mining Inc (NYSE:CDE) indicates that the 3-month average is 6.59 million. However, this figure has increased over the past 10 days to an average of 6.48 million.

Currently, records show that 386.28 million of the company’s shares remain outstanding. The insiders hold 1.68% of outstanding shares, whereas institutions hold 71.07%. The stats also highlight that short interest as of Mar 15, 2024, stood at 20.66 million shares, resulting in a short ratio of 2.94 at that time. From this, we can conclude that short interest is 5.35% of the company’s total outstanding shares. It is noteworthy that short shares in March were down slightly from the previous month’s figure, which was 20.74 million. However, since the stock’s price has seen 32.75% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.