The Insider Activity Of Coeur Mining Inc. (CDE) Is Worth Monitoring


Coeur Mining Inc. (NYSE:CDE) traded with an addition of $0.06 to close at $3.53 on Thursday, an upside of 1.59 percent. An average of 3,371,906 shares of common stock have been traded in the last five days. There was a fall of -$0.01 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 5,874,437 shares traded, while the 50-day average volume stands at 5,492,493.

CDE stock has increased by 9.12% in the last month. The company shares reached their 1-month lowest point of $3.11 on 12/19/22. 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 $5.54 in 52 weeks. It has reached a new high 4 times so far this year and lost -31.15% or -$1.50 in price. In spite of this, the price is down -36.37% from the 52-week high.

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Valuation Metrics

Coeur Mining Inc. (CDE) stock’s beta is 1.45. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.26, the price-to-book (PB) ratio at 1.18.

Financial Health

The quick ratio of Coeur Mining Inc. for the three months ended September 29 was 1.50, and the current ratio was 1.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.74 and a total debt to equity ratio of 0.77 for the quarter ending September 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 -7.50%.

Earnings Surprise

For the three-month period that ended September 29, Coeur Mining Inc. had $9.29 million in cash and short-term investments compared to $609.26 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$57.44 million in the quarter, while revenues of -$77.43 million were grew 4.65%. The analyst consensus anticipated Coeur Mining Inc.’s latest quarter earnings to come in at -$0.06 per share, but it turned out to be -$0.16, a -166.70% surprise. For the quarter, EBITDA amounted to -$3.97 million. Shareholders own equity worth $280.94 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 28 December was 54.67%, suggesting the stock is Neutral, with historical volatility in this time frame at 74.93%.

As of today, CDE’s price is $3.52 -0.28% or -$0.01 from its 5-day moving average. CDE is currently trading +1.15% higher than its 20-day SMA and +9.94% higher than its 100-day SMA. However, the stock’s current price level is -5.09% below the SMA50 and -18.05% below the SMA200.

The stochastic %K and %D were 68.16% and 70.15%, respectively, and the average true range (ATR) was 0.22. With the 14-day stochastic at 64.19% and the average true range at 0.22, the RSI (14) stands at 52.90%. The stock has reached 0.12 on the 9-day MACD Oscillator while the 14-day reading was at 0.17.

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, 1 brokerage firm advise that investors sell CDE, while 5 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 $3.00 and $6.00, with a median target of $4.00. Taking a look at these predictions, the average price target given by analysts for Coeur Mining Inc. (CDE) stock is $4.21.


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