What Technical Indicators Show About Coeur Mining Inc. (CDE)?


Coeur Mining Inc. (NYSE:CDE) finished Thursday with a subtraction of -$0.21 to close at $2.79, a downside of -7.00 percent. An average of 5,995,975 shares of common stock have been traded in the last five days. There was a fall of -$0.05 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 5,203,444 shares traded, while the 50-day average volume stands at 4,767,870.

CDE stock has increased by 4.53% in the last month. The company shares reached their 1-month lowest point of $2.59 on 09/01/22. With the stock rallying to its 52-week high on 01/20/22, shares of the company touched a low of $2.54 and a high of $7.64 in 52 weeks. It has reached a new high 4 times so far this year and lost -40.48% or -$2.24 in price. In spite of this, the price is down -63.48% from the 52-week high.

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Insider Transactions

316 days have passed since Coeur Mining Inc. (CDE) last reported insider trading activity. Rasmussen Hans John, who is SVP, Exploration, most recently acquired $20,000 shares at $7.30 per share on Nov 11.

Valuation Metrics

Coeur Mining Inc. (CDE) stock’s beta is 1.76. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.04, the price-to-book (PB) ratio at 0.97.

Financial Health

The quick ratio of Coeur Mining Inc. for the three months ended June 29 was 1.30, and the current ratio was 1.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.61 and a total debt to equity ratio of 0.64 for the quarter ending June 29. Its gross profit as reported stood at $321.29 million compared to revenue of $832.83 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Coeur Mining Inc.’s return on assets was -7.60%.

Earnings Surprise

For the three-month period that ended June 29, Coeur Mining Inc. had $11.55 million in cash and short-term investments compared to $518.83 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$77.43 million in the quarter, while revenues of $7.68 million were grew 141.52%. The analyst consensus anticipated Coeur Mining Inc.’s latest quarter earnings to come in at $0 per share, but it turned out to be -$0.05. For the quarter, EBITDA amounted to $33.23 million. Shareholders own equity worth $280.87 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Coeur Mining Inc. (CDE) price momentum. RSI 9-day as of the close on 22 September was 42.54%, suggesting the stock is Neutral, with historical volatility in this time frame at 115.00%.

As of today, CDE’s price is $3.07 -1.93% or -$0.05 from its 5-day moving average. CDE is currently trading -10.99% lower than its 20-day SMA and -22.58% lower than its 100-day SMA. However, the stock’s current price level is +1.27% above the SMA50 and -49.37% below the SMA200.

The stochastic %K and %D were 40.41% and 53.75%, respectively, and the average true range (ATR) was 0.25. With the 14-day stochastic at 20.83% and the average true range at 0.24, the RSI (14) stands at 45.02%. The stock has reached -0.06 on the 9-day MACD Oscillator while the 14-day reading was at -0.04.

Analyst Ratings

Noble Capital Markets downgraded Coeur Mining Inc. (NYSE: CDE) to a a Market perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Coeur Mining Inc. (CDE) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CDE, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

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

Analysts predict a range of price targets between $3.15 and $6.25, with a median target of $4.38. Taking a look at these predictions, the average price target given by analysts for Coeur Mining Inc. (CDE) stock is $4.61.


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