Coeur Mining Inc (NYSE:CDE) traded at $4.73 at close of the session on Monday, April 08, made a downward move of -2.87% on its previous day’s price.
Looking at the stock we see that its previous close was $4.87 and the beta (5Y monthly) reads 1.77 . In terms of its 52-week price range, CDE has a high of $4.93 and a low of $2.00. The company’s stock has gained about 48.28% over that past 30 days.
Coeur Mining Inc has a market cap of $1.83 billion and is expected to release its quarterly earnings report on May 08, 2024 – May 13, 2024. Estimates by analysts give the company expected earnings per share (EPS) of -$0.03, with the EPS growth for the year raised at -$0.04 for 2024 and $0.23 for next year. These figures represent 82.60% and 675.00% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $260 million, with a low of $260 million and a high of $260 million. The median projection represents growth squeezing down to 38.80% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $936.35 million, or 14.00% up from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the CDE stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note the current price level is 31.70% off its SMA20 and 53.95% from its 50-day simple moving average. The RSI (14) is pointing at 72.28 while the volatility over the past week is 10.97% and jumps to 7.28% over the past one month. The beta value is 1.82, while the average true range (ATR) is currently pointing at 0.30.
Coming back to Coeur Mining Inc (NYSE:CDE), we note that the average 3-month trading volume was 7.06 million, while that of the preceding 10-day period stands at 10.11 million. Current shares outstanding are 386.28 million.
The insiders hold 1.68% of the company’s shares while institutions hold 71.07%. The data shows that short shares as of Mar 15, 2024, stood at 20.66 million at a short ratio of 2.94. This represents a 5.24% short interest in shares outstanding on Mar 15, 2024. Shares short fall in March from the previous month at 20.74 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 45.09% up in year-to-date price movement.
