and a 36-month beta value of 1.61. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 0 as “sell.”
The average price predicted for Coeur Mining Inc. (CDE) by analysts is $4.25, which is $1.87 above the current market price. The public float for CDE is 347.41M, and at present, short sellers hold a 7.42% of that float. On September 18, 2023, the average trading volume of CDE was 5.55M shares.
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CDE) stock’s latest price update
The stock price of Coeur Mining Inc. (NYSE: CDE) has surged by 3.93 when compared to previous closing price of 2.29, but the company has seen a 7.69% gain in its stock price over the last five trading sessions. Business Wire reported 2023-09-12 that CHICAGO–(BUSINESS WIRE)–Coeur Mining, Inc.’s (“Coeur” or the “Company”) (NYSE: CDE) Senior Vice President of Exploration, Aoife McGrath, will present at the 2023 Precious Metals Summit Beaver Creek Conference in Avon, Colorado on Wednesday, September 13, 2023 at 9:45 a.m. Mountain Time. Additionally, the Company’s President and Chief Executive Officer, Mitchell J. Krebs, will present at Gold Forum Americas in Colorado Springs, Colorado on Monday, September 18, 2023 at 3:30 p.m. Mountain Time.
CDE’s Market Performance
Coeur Mining Inc. (CDE) has experienced a 7.69% rise in stock performance for the past week, with a 3.93% rise in the past month, and a -23.47% drop in the past quarter. The volatility ratio for the week is 5.14%, and the volatility levels for the past 30 days are at 5.20% for CDE. The simple moving average for the last 20 days is -0.94% for CDE stock, with a simple moving average of -26.38% for the last 200 days.
Analysts’ Opinion of CDE
Many brokerage firms have already submitted their reports for CDE stocks, with Canaccord Genuity repeating the rating for CDE by listing it as a “Buy.” The predicted price for CDE in the upcoming period, according to Canaccord Genuity is $3.75 based on the research report published on July 24, 2023 of the current year 2023.
CDE Trading at -11.05% from the 50-Day Moving Average
After a stumble in the market that brought CDE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -47.69% of loss for the given period.
Volatility was left at 5.20%, however, over the last 30 days, the volatility rate increased by 5.14%, as shares sank -4.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.53% lower at present.
During the last 5 trading sessions, CDE rose by +7.69%, which changed the moving average for the period of 200-days by -25.16% in comparison to the 20-day moving average, which settled at $2.40. In addition, Coeur Mining Inc. saw -29.17% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CDE starting from McGrath Aoife, who purchase 6,200 shares at the price of $2.35 back on Sep 11. After this action, McGrath Aoife now owns 129,217 shares of Coeur Mining Inc., valued at $14,558 using the latest closing price.
Das Paramita, the Director of Coeur Mining Inc., purchase 500 shares at $2.47 during a trade that took place back on Aug 14, which means that Das Paramita is holding 22,711 shares at $1,234 based on the most recent closing price.
Stock Fundamentals for CDE
Current profitability levels for the company are sitting at:
- -5.44 for the present operating margin
- +0.31 for the gross margin
The net margin for Coeur Mining Inc. stands at -10.26. The total capital return value is set at -3.02, while invested capital returns managed to touch -5.85. Equity return is now at value -7.20, with -3.40 for asset returns.
Based on Coeur Mining Inc. (CDE), the company’s capital structure generated 61.02 points at debt to equity in total, while total debt to capital is 37.89. Total debt to assets is 29.38, with long-term debt to equity ratio resting at 56.95. Finally, the long-term debt to capital ratio is 35.37.
When we switch over and look at the enterprise to sales, we see a ratio of 1.72, with the company’s debt to enterprise value settled at 0.39. The receivables turnover for the company is 22.15 and the total asset turnover is 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.37.
Conclusion
To sum up, Coeur Mining Inc. (CDE) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
