Coeur Mining Inc (NYSE:CDE) shares, rose in value, with the stock price down by -6.06% to the previous day’s close as strong demand from buyers drove the stock to $4.34.
Actively observing the price movement in the last trading, the stock closed the session at $4.62. The value of beta (5-year monthly) was 1.77. Referring to stock’s 52-week performance, its high was $4.64, and the low was $2.00. On the whole, CDE has fluctuated by 49.14% over the past month.
With the market capitalization of Coeur Mining Inc currently standing at about $1.68 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 08, 2024 – May 13, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.03, which is expected to increase to $0 for fiscal year -$0.04 and then to about $0.23 by fiscal year 2025. Data indicates that the EPS growth is expected to be 82.60% in 2025, while the next year’s EPS growth is forecast to be 675.00%.
Analysts have estimated the company’s revenue for the quarter at $260 million, with a low estimate of $260 million and a high estimate of $260 million. According to the average forecast, sales growth in current quarter could jump up 38.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $936.35 million, representing an increase of 14.00% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that CDE’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of CDE currently trading nearly 26.02% and 44.74% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 70.51, while the 7-day volatility ratio is showing 7.97% which for the 30-day chart, stands at 6.54%. Furthermore, Coeur Mining Inc (CDE)’s beta value is 1.83, and its average true range (ATR) is 0.25.
A comparison of Coeur Mining Inc (CDE) with its peers suggests the former has fared considerably weaker in the market. CDE showed an intraday change of -6.06% in last session, and over the past year, it grew by 6.11%%.
Data on historical trading for Coeur Mining Inc (NYSE:CDE) indicates that the trading volumes over the past 10 days have averaged 7.93 million and over the past 3 months, they’ve averaged 6.77 million. According to company’s latest data on outstanding shares, there are 386.28 million shares outstanding.
Nearly 1.68% of Coeur Mining Inc’s shares belong to company insiders and institutional investors own 71.07% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 20.66 million shares as on Mar 15, 2024, resulting in a short ratio of 2.94. According to the data, the short interest in Coeur Mining Inc (CDE) stood at 5.24% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 20.74 million. The stock has risen by 33.13% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CDE stock heading into the next quarter.
