The stock price of Coeur Mining Inc (NYSE: CDE) has plunged by -3.13 when compared to previous closing price of 4.79, but the company has seen a -4.72% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-09 that Coeur (CDE) remains on schedule for the completion of ramp-up during the first half of 2024.
Is It Worth Investing in Coeur Mining Inc (NYSE: CDE) Right Now?
The stock has a 36-month beta value of 1.82. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for CDE is 391.88M, and at present, short sellers hold a 5.35% of that float. On April 15, 2024, the average trading volume of CDE was 7.49M shares.
CDE’s Market Performance
CDE’s stock has seen a -4.72% decrease for the week, with a 40.18% rise in the past month and a 74.44% gain in the past quarter. The volatility ratio for the week is 11.39%, and the volatility levels for the past 30 days are at 8.18% for Coeur Mining Inc The simple moving average for the past 20 days is 18.72% for CDE’s stock, with a 64.32% simple moving average for the past 200 days.
Analysts’ Opinion of CDE
Many brokerage firms have already submitted their reports for CDE stocks, with ROTH MKM repeating the rating for CDE by listing it as a “Buy.” The predicted price for CDE in the upcoming period, according to ROTH MKM is $5.40 based on the research report published on April 09, 2024 of the current year 2024.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see CDE reach a price target of $2.75. The rating they have provided for CDE stocks is “Market Perform” according to the report published on November 03rd, 2023.
RBC Capital Mkts gave a rating of “Outperform” to CDE, setting the target price at $4 in the report published on September 22nd of the previous year.
CDE Trading at 43.55% 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 -13.57% of loss for the given period.
Volatility was left at 8.18%, however, over the last 30 days, the volatility rate increased by 11.39%, as shares surge +46.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +72.49% upper at present.
During the last 5 trading sessions, CDE fell by -4.72%, which changed the moving average for the period of 200-days by +66.31% in comparison to the 20-day moving average, which settled at $3.98. In addition, Coeur Mining Inc saw 42.33% in overturn over a single year, with a tendency to cut further gains.
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 $3.23 back on Mar 15 ’24. After this action, McGrath Aoife now owns 207,308 shares of Coeur Mining Inc, valued at $20,020 using the latest closing price.
Watkinson Kenneth J, the VP, Corporate Controller & CAO of Coeur Mining Inc, sale 7,000 shares at $2.81 during a trade that took place back on Nov 27 ’23, which means that Watkinson Kenneth J is holding 134,051 shares at $19,684 based on the most recent closing price.
Stock Fundamentals for CDE
Current profitability levels for the company are sitting at:
- -0.09 for the present operating margin
- 0.11 for the gross margin
The net margin for Coeur Mining Inc stands at -0.13. The total capital return value is set at -0.04. Equity return is now at value -10.83, with -5.28 for asset returns.
Based on Coeur Mining Inc (CDE), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 0.54. The interest coverage ratio of the stock is -2.69.
Currently, EBITDA for the company is 63.71 million with net debt to EBITDA at 7.68. When we switch over and look at the enterprise to sales, we see a ratio of 2.85. The receivables turnover for the company is 27.0for trailing twelve months and the total asset turnover is 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.92.
Conclusion
To sum up, Coeur Mining Inc (CDE) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
