Coeur Mining Inc (NYSE:CDE) price on current trading day, rose 0.31% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $6.41.
A look at the stock’s price movement, the level at last check in today’s session was $6.39, moving within a range at $6.39 and $6.52. The beta value (5-Year monthly) was 1.649. Turning to its 52-week performance, $7.72 and $2.42 were the 52-week high and 52-week low respectively. Overall, CDE moved -2.29% over the past month.
Coeur Mining Inc’s market cap currently stands at around $2.56 billion, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 310.2M for the company’s revenue for the quarter, with a low and high estimate of 310.2M and 310.2M respectively. The average forecast suggests up to a 18.36% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.07B, representing a 30.89% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CDE is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 4 recommend CDE as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CDE’s current price about 6.11% and 1.41% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 53.83, while 7-day volatility ratio is 5.84% and 4.82% in the 30-day chart. Further, Coeur Mining Inc (CDE) has a beta value of 1.58, and an average true range (ATR) of 0.32. Analysts have given the company’s stock an average 52-week price target of $7.625, forecast between a low of $7.25 and high of $8. Looking at the price targets, the low is -13.1% off recent price level in today’s trading while to achieve the yearly target high, it has to move -24.8%. Nonetheless, investors will most likely welcome a -18.95% jump to $7.625 which is the analysts’ median price.
If we refocus on Coeur Mining Inc (NYSE:CDE), historical trading data shows that trading volumes averaged 10.2 over the past 10 days and 10.10 million over the past 3 months. The company’s latest data on shares outstanding shows there are 399.29 million shares.
The 1.56% of Coeur Mining Inc’s shares are in the hands of company insiders while institutional holders own 75.84% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 36.23 million on 2024-12-31, giving us a short ratio of 3.82. The data shows that as of 2024-12-31 short interest in Coeur Mining Inc (CDE) stood at 921.0000000000001 of shares outstanding, with shares short rising to 33.84 million registered in 2024-11-29. Current price change has pushed the stock 12.06% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CDE stock continues to rise going into the next quarter.
