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Coeur Mining Inc. (NYSE: CDE) Has Yet To Win Over Analysts?

Coeur Mining Inc. (NYSE:CDE) traded at $4.15 at close of the session on Monday, 01/23/23, made a downward move of -0.48% on its previous day’s price.

Looking at the stock we see that its previous close was $4.17 and the beta (5Y monthly) reads 1.53 with the day’s price range being $4.02 – $4.18. In terms of its 52-week price range, CDE has a high of $5.39 and a low of $2.54. The company’s stock has gained about 20.99% over that past 30 days.

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Coeur Mining Inc. has a market cap of $1.13 billion and is expected to release its quarterly earnings report on Feb 14, 2023 – Feb 20, 2023. Estimates by analysts give the company expected earnings per share (EPS) of -$0.06, with the EPS growth for the year raised at -$0.2 for 2022 and $0.01 for next year. These figures represent -1,900.00% and 105.00% 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 $201.27 million, with a low of $194.13 million and a high of $207.68 million. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $805.99 million, or -3.20% down 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 50% Buy.

Looking further, we note the current price level is 13.90% off its SMA20 and 18.10% from its 50-day simple moving average. The RSI (14) is pointing at 65.09 while the volatility over the past week is 6.12% and jumps to 5.56% over the past one month. The beta value is 1.48, while the average true range (ATR) is currently pointing at 0.22.

Let’s briefly compare Coeur Mining Inc. (CDE) stock to its peers. We find that current price change of -0.48% and -21.70% over the past 12 months for CDE competes that of Kellogg Company (K), which has seen its stock price fall -0.31% in the last trading session and was 1.75% over the last one year. Another of its peers Barrick Gold Corporation (GOLD) has gained 1.37% previous session, and was -2.01% down over the past year, while Hecla Mining Company (HL) was also up 1.28% in the last session, while its price remained in the green at 13.87% over the same period. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 1.19% and 0.76%, respectively, at close of the trading.

Coming back to Coeur Mining Inc. (NYSE:CDE), we note that the average 3-month trading volume was 5.46 million, while that of the preceding 10-day period stands at 4.99 million. Current shares outstanding are 278.11 million.

The insiders hold 1.54% of the company’s shares while institutions hold 76.00%. The data shows that short shares as of Oct 13, 2022, stood at 17.13 million at a short ratio of 2.46. This represents a 6.10% short interest in shares outstanding on Oct 13, 2022. Shares short fall in October from the previous month at 18.6 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 23.51% up in year-to-date price movement.

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