A Technical View of the Coeur Mining Inc. (CDE)

Coeur Mining Inc. (NYSE:CDE) saw a downside of -0.48% to close Friday at $6.20 after subtracting -$0.03 on the day. The 5-day average trading volume is 3,359,920 shares of the company’s common stock. It has gained $6.57 in the past week. An average of 4,244,270 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,603,812.

CDE’s 1-month performance is -10.66% or -$0.75 on its low of $5.86 reached on 10/05/21. The company’s shares have touched a 52-week low of $5.86 and high of $12.60, with the stock’s rally to the 52-week high happening on 02/01/21. YTD, CDE has lost -40.10% or -$4.15. However, the current price is down -50.79%% from the 52-week high price.


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Insider Transactions

On Jul 30, 73 days have gone by since the last insider trading activity for Coeur Mining Inc. (CDE). Rasmussen Hans John (SVP, Exploration) most recently sold 17,500 shares at $7.64 per share on Jul 30. This transaction cost the insider $133,700. VP, Corporate Controller & CAO, Watkinson Kenneth J, sold 10,000 shares at a price of $9.99 on Feb 24. Then, on Feb 24, SVP, Exploration Rasmussen Hans John sold 10,000 shares at a price of $10.06 per share. This transaction amounted to $100,600.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 111.40 and a low of 14.69. CDE stock has a beta of 1.77. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.83 while the price-to-book (PB) in the most recent quarter is 1.78, with the price to cash flow ratio at 640.51.

Coeur Mining Inc.’s quick ratio for the period ended June 29 was 1.10, with the current ratio over the same period at 1.30 meaning that CDE stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.44, while the total debt to equity was 0.48. In terms of profitability, the gross margin trailing 12 months is 45.80%. The trailing 12-month EBITDA margin is 32.85% while for the period ending June 29; Coeur Mining Inc.’s operating margin was 14.00%. The firm’s gross profit as reported stood at $345.13 million against revenue of $785.46 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 28.21% to $214.86 million, while revenue of $202.12 million was 5.93% off the previous quarter. Analysts expected CDE to announce $0.1 per share in earnings in its latest quarter, but it posted $0, representing a -100.00% surprise. EBITDA for the quarter stood at more than $49.58 million. CDE stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 839.6 million, with total debt at $448.78 million. Shareholders hold equity totaling $257.03 million

Technical Picture

Let’s look briefly at Coeur Mining Inc. (CDE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 44.37% to suggest the stock is trending Neutral, with historical volatility in this time period at 31.56%.

The stock’s 5-day moving average is $6.16, reflecting a -0.48% or -$0.03 change from its current price. CDE is currently trading -10.40% above its 20-day SMA, -39.51% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -18.53% and -34.81% respectively.

Stochastic %K and %D was 52.18% and 41.22% and the average true range (ATR) pointed at 0.29. The RSI (14) points at 42.46%, while the 14-day stochastic is at 47.89% with the period’s ATR at 0.29. The stock’s 9-day MACD Oscillator is pointing at 0.03 and 0.02 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for CDE stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate CDE as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 4 have offered a “buy” rating.

What is CDE’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $8.00 and a high of $14.00, with their median price target at $10.00. Looking at these predictions, the average price target given by analysts is for Coeur Mining Inc. (CDE) stock is $9.97.

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