As of Thursday close, Coeur Mining Inc.’s (NYSE:CDE) stock was down -$0.08, moving down -3.21 percent to $2.41. The average number of shares traded per day over the past five days has been 4,606,400 shares. 4 times new highs have been achieved over the past 5 days, with a -$0.13 fall in that time frame. In the last twenty days, the average volume was 6,128,580, while in the previous 50 days, it was 5,360,044.
Since last month, CDE stock retreated -13.62%. Shares of the company fell to $2.27 on 08/16/23, the lowest level in the past month. A 52-week high of $4.55 was reached on 04/13/23 after having rallying from a 52-week low of $2.27. Since the beginning of this year, CDE’s stock price has dropped by -28.27% or -$0.95, and marked a new high 13 times. However, the stock has declined by -47.03% 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 18 days ago on Aug 14. Das Paramita, the Director of the company, purchased of 500 shares for $2.47 on Aug 14. It resulted in a $1,234 investment by the insider. Das Paramita added 3,500 shares at an average price of $2.58 on Aug 11. The insider now owns 22,211 shares following the transaction. On May 25, Chairman (non-executive) MELLOR ROBERT E bought 5,000 shares at $3.00 apiece. The transaction was valued at $14,995.
Valuation Metrics
The stock’s beta is 1.60. Besides these, the trailing price-to-sales (P/S) ratio of 1.15, the price-to-book (PB) ratio of 0.81.
Financial Health
In the three months ended June 29, Coeur Mining Inc.’s quick ratio stood at 0.80, while its current ratio was 1.00, 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 June 29 was 0.45, and the total debt-to-equity ratio was 0.47. On the profitability front, the trailing twelve-month gross margin is 18.80% percent. In the year ended June 29, EBITDA margin amounted to 11.09%, whereas operating margins totaled -8.10%. Based on annual data, CDE earned $179.11 million in gross profit and brought in $785.64 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 -3.90%. Return on equity (ROE) for the past 12 months was -7.20%.
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 -15.17% to $187.3 million during the quarter, while net income inched up to $177.24 million. While analysts expected Coeur Mining Inc. to report -$0.06 quarterly earnings, the actual figure was -$0.06 per share. During the quarter, the company generated $18.91 million in EBITDA. The liabilities of Coeur Mining Inc. were 983.34 million at the end of its most recent quarter ended June 29, and its total debt was $480.66 million. The value of shareholders’ equity is $353.16 million.
Technical Picture
This quick technical analysis looks at Coeur Mining Inc.’s (CDE) price momentum. With a historical volatility rate of 43.30%, the RSI 9-day stood at 39.71% on 31 August.
With respect to its five-day moving average, the current Coeur Mining Inc. price is down by -5.12% percent or -$0.13. At present, CDE shares trade -11.07% below its 20-day simple moving average and -41.22% percent below its 100-day simple moving average. However, the stock is currently trading approximately -17.47% below its SMA50 and -31.14% below its SMA200.
Stochastic coefficient K was 57.78% and Stochastic coefficient D was 60.11%, while ATR was 0.14. Given the Stochastic reading of 37.33% for the 14-day period, the RSI (14) reading has been calculated as 40.88%. As of today, the MACD Oscillator reading stands at -0.01, while the 14-day reading stands at 0.02.
Analyst Ratings
Canaccord Genuity upgraded its rating on Coeur Mining Inc. (NYSE: CDE) to a Buy in a note to investors on July 24, 2023. The analysts firm previously had a Hold rating on the stock.Coeur Mining Inc. (CDE) has been rated Overweight by analysts. According to 0 brokerage firms, CDE is a sell, and 3 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 $4.25, the current consensus forecast for the stock is $3.25 – $5.25. Based on these forecasts, analysts predict Coeur Mining Inc. (CDE) will achieve an average price target of $4.25.
