A Look At Insider Reactions To Coeur Mining Inc. (CDE)

As of Friday close, Coeur Mining Inc.’s (NYSE:CDE) stock was up $0.32, moving up 10.32 percent to $3.42. The average number of shares traded per day over the past five days has been 7,616,140 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.44 fall in that time frame. In the last twenty days, the average volume was 7,028,285, while in the previous 50 days, it was 6,937,398.

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Since last month, CDE stock retreated -35.35%. Shares of the company fell to $3.01 on 05/12/22, the lowest level in the past month. A 52-week high of $11.14 was reached on 01/20/22 after having rallying from a 52-week low of $3.01. Since the beginning of this year, CDE’s stock price has dropped by -32.14% or -$1.62, and marked a new high 4 times. However, the stock has declined by -69.30% since its 52-week high.

Coeur Mining Inc. (CDE) last reported insider trading activity 74 days ago on Mar 01. MELLOR ROBERT E, the Chairman (non-executive) of the company, purchased of 1,000 shares for $4.51 on Mar 01. It resulted in a $4,507 investment by the insider. Routledge Michael added 11,760 shares at an average price of $4.26 on Feb 25. The insider now owns 189,128 shares following the transaction. On Feb 25, SVP & CFO Whelan Thomas S bought 10,000 shares at $4.25 apiece. The transaction was valued at $42,490.

Valuation Metrics

The stock’s beta is 1.77. Besides these, the trailing price-to-sales (P/S) ratio of 1.16, the price-to-book (PB) ratio of 0.99.

Financial Health

In the three months ended September 29, Coeur Mining Inc.’s quick ratio stood at 0.90, while its current ratio was 1.20, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.51, and the total debt-to-equity ratio was 0.54. On the profitability front, the trailing twelve-month gross margin is 39.50% percent. In the year ended September 29, operating margins totaled -0.10%. Based on annual data, CDE earned $321.29 million in gross profit and brought in $832.83 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -1.30%. Return on equity (ROE) for the past 12 months was -3.00%.

In Coeur Mining Inc.’s quarter-end financial report for September 29, it reported total debt of $455.87 million against cash and short-term investments of $161.89 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CDE’s revenue fell -7.28% to $207.88 million during the quarter, while net income inched up to $188.4 million. While analysts expected Coeur Mining Inc. to report $0.08 quarterly earnings, the actual figure was -$0.01 per share, beating the consensus estimate by -112.50%. During the quarter, the company generated $31.5 million in EBITDA. The liabilities of Coeur Mining Inc. were 917.23 million at the end of its most recent quarter ended September 29, and its total debt was $474.26 million. The value of shareholders’ equity is $280.81 million.

Technical Picture

This quick technical analysis looks at Coeur Mining Inc.’s (CDE) price momentum. With a historical volatility rate of 93.86%, the RSI 9-day stood at 37.67% on 13 May.

With respect to its five-day moving average, the current Coeur Mining Inc. price is down by -11.40% percent or -$0.44. At present, CDE shares trade -35.10% below its 20-day simple moving average and -30.77% percent below its 100-day simple moving average. However, the stock is currently trading approximately -25.97% below its SMA50 and -55.06% below its SMA200.

Stochastic coefficient K was 17.00% and Stochastic coefficient D was 8.72%, while ATR was 0.30. Given the Stochastic reading of 38.68% for the 14-day period, the RSI (14) reading has been calculated as 36.99%. As of today, the MACD Oscillator reading stands at -0.30, while the 14-day reading stands at -0.34.

Analyst Ratings

Coeur Mining Inc. downgraded its rating on Coeur Mining Inc. (NYSE: CDE) to a Hold in a note to investors on February 17, 2022. The analysts firm previously had a Buy rating on the stock.Coeur Mining Inc. (CDE) has been rated Overweight by analysts. According to 0 brokerage firms, CDE is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Coeur Mining Inc. stock as buy, with 4 recommending it as overweight.

With a median target price of $5.50, the current consensus forecast for the stock is $4.75 – $6.50. Based on these forecasts, analysts predict Coeur Mining Inc. (CDE) will achieve an average price target of $5.66.


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