Coeur Mining Inc (NYSE:CDE) shares, rose in value, with the stock price up by 5.93% to the previous day’s close as strong demand from buyers drove the stock to $4.82.
Actively observing the price movement in the last trading, the stock closed the session at $4.55. Referring to stock’s 52-week performance, its high was $5.47, and the low was $2.00. On the whole, CDE has fluctuated by 42.60% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 962.1M, with a low estimate of 187.6M and a high estimate of 260M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 223.8M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. 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 8.34% and 35.89% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.73, while the 7-day volatility ratio is showing 7.63% which for the 30-day chart, stands at 8.73%. Furthermore, Coeur Mining Inc (CDE)’s beta value is 1.78, and its average true range (ATR) is 0.35.
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 5.93% in last session, and over the past year, it grew by 31.69%%.
Data on historical trading for Coeur Mining Inc (NYSE:CDE) indicates that the trading volumes over the past 3 months, they’ve averaged 7.91 million. According to company’s latest data on outstanding shares, there are 398.58 million shares outstanding.
Nearly 1.68% of Coeur Mining Inc’s shares belong to company insiders and institutional investors own 69.25% of the company’s shares. The stock has risen by 47.85% 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.
