As of Wednesday close, Coeur Mining Inc.’s (NYSE:CDE) stock was up $0.01, moving up 0.29 percent to $3.41. The average number of shares traded per day over the past five days has been 5,150,380 shares. 4 times new highs have been achieved over the past 5 days. In the last twenty days, the average volume was 5,469,490, while in the previous 50 days, it was 6,048,182.
Since last month, CDE stock retreated -12.56%. Shares of the company fell to $3.13 on 11/21/22, the lowest level in the past month. A 52-week high of $6.20 was reached on 01/20/22 after having rallying from a 52-week low of $2.54. Since the beginning of this year, CDE’s stock price has dropped by -32.34% or -$1.63, and marked a new high 4 times. However, the stock has declined by -45.00% since its 52-week high.
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CDE stock investors should be aware that Coeur Mining Inc. (CDE) stock had its last reported insider trading activity 269 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.
The stock’s beta is 1.52. Besides these, the trailing price-to-sales (P/S) ratio of 1.23, the price-to-book (PB) ratio of 1.16.
In the three months ended June 29, Coeur Mining Inc.’s quick ratio stood at 1.50, while its current ratio was 1.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.74, and the total debt-to-equity ratio was 0.77. On the profitability front, the trailing twelve-month gross margin is 25.80% percent. In the year ended June 29, operating margins totaled -4.10%. 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 -16.30%.
In Coeur Mining Inc.’s quarter-end financial report for June 29, it reported total debt of $609.26 million against cash and short-term investments of $9.29 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 -13.65% to $204.12 million during the quarter, while net income inched up to $182.99 million. While analysts expected Coeur Mining Inc. to report $0 quarterly earnings, the actual figure was -$0.05 per share. During the quarter, the company generated -$3.97 million in EBITDA. The liabilities of Coeur Mining Inc. were 1.09 billion at the end of its most recent quarter ended June 29, and its total debt was $572.42 million. The value of shareholders’ equity is $280.94 million.
This quick technical analysis looks at Coeur Mining Inc.’s (CDE) price momentum. With a historical volatility rate of 60.30%, the RSI 9-day stood at 43.43% on 23 November.
At present, CDE shares trade -15.59% below its 20-day simple moving average and +22.22% percent above its 100-day simple moving average. However, the stock is currently trading approximately +11.07% above its SMA50 and -30.41% below its SMA200.
Stochastic coefficient K was 18.03% and Stochastic coefficient D was 12.39%, while ATR was 0.23. Given the Stochastic reading of 22.95% for the 14-day period, the RSI (14) reading has been calculated as 45.70%. As of today, the MACD Oscillator reading stands at -0.05, while the 14-day reading stands at -0.28.
Coeur Mining Inc. downgraded its rating on Coeur Mining Inc. (NYSE: CDE) to a Market perform in a note to investors on August 08, 2022. The analysts firm previously had an Outperform rating on the stock.
With a median target price of $4.00, the current consensus forecast for the stock is $3.00 – $6.00. Based on these forecasts, analysts predict Coeur Mining Inc. (CDE) will achieve an average price target of $4.25.