The stock of Coeur Mining Inc. (NYSE:CDE) decreased by -$0.12 on Monday to finish at $2.46, down -4.65 percent. The last five days have seen an average of 7,040,720 shares of common stock traded. 13 times new highs were reached in the current year, with a fall of -$0.90. The average number of shares traded over the last 20 days was 5,025,360, while the average volume over the last 50 days totaled 5,124,666.
CDE stock dropped -20.13% since last month. On 08/10/23, the company’s shares reached a one-month low of $2.34. The stock touched a high of $4.55 on 04/13/23, after rallying from a low of $2.34 in 52 weeks. The price of CDE stock has declined by -26.79% or -$0.90 this year, reaching a new high 13 times. Still, the stock price is down -45.93% from the 52-week high.
Insider Transactions
CDE stock investors should be aware that Coeur Mining Inc. (CDE) stock had its last reported insider trading activity 82 days ago on May 25. On May 25, Chairman (non-executive) MELLOR ROBERT E acquired 5,000 shares at $3.00 each. This transaction resulted in the insider spending $14,995. On May 25, McGrath Aoife added 3,600 shares at a price of US$3.00. After the transaction, the insider now owns 123,017 shares. SVP & Chief Operating Officer Routledge Michael had earlier bought 8,000 shares on May 24 for $3.16 a share. The transaction was completed for $25,272.
Valuation Metrics
Beta for the stock is 1.60. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.96, the price-to-book (PB) ratio of 0.83.
Financial Health
For the three months ended June 29, Coeur Mining Inc.’s quick ratio was 0.80, while its current ratio was 1.00, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.45, and the total debt to equity ratio is 0.47. As far as profitability goes, gross margin for the trailing twelve months is 20.20% percent. Coeur Mining Inc.’s EBITDA margin for the year ended June 29 was 11.09%, whereas its operating margin stood at -7.80% for the same period. Based on annual data, it had gross profit of $179.11 million and revenue of $785.64 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CDE’s return on assets (ROA) during the last 12 months has been -3.40%. There was a -3.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -7.20%.
Earnings Surprise
According to Coeur Mining Inc.’s quarterly financial report for the quarter that ended June 29, it had $9.24 million in cash and short-term investments. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $177.24 million, while revenues fell by -15.17% to $187.3 million. It was predicted that Coeur Mining Inc.’s quarterly earnings would be -$0.06, but it ended up being -$0.06. EBITDA was $18.91 million for the quarter. At the end of Coeur Mining Inc.’s most recent quarter ended June 29, its liabilities totaled 983.34 million, while its total debt was $480.66 million. Equity owned by shareholders amounts to $353.16 million.
Technical Picture
Here’s a quick look at Coeur Mining Inc.’s (CDE) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 34.44%, suggesting the stock is Neutral, with a 74.06% historical volatility rate.
The stochastic %K and %D were 13.97% and 9.45% respectively, while the average true range (ATR) was 0.17. Based on the 14-day stochastic reading of 13.19%, the RSI (14) reading is 37.03%. On the 9-day MACD Oscillator, the stock is at -0.16, and the 14-day reading is at -0.30.
Analyst Ratings
In its most recent analyst report, Canaccord Genuity raised its rating on Coeur Mining Inc. (NYSE: CDE) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned Coeur Mining Inc. (CDE) an Overweight rating. CDE is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.
What is CDE’s price target for the next 12 months?
The current consensus forecast for the stock is between $3.25 and $5.25, with a median target price of $4.25. In analyzing these forecasts, the average price target given by analysts for Coeur Mining Inc. (CDE) is $4.25.
