The stock of Coeur Mining Inc (NYSE: CDE) has increased by 0.82 when compared to last closing price of 5.90. Despite this, the company has experienced a 9.35% gain in its stock price over the last five trading sessions. zacks.com reported 2024-08-07 that Coeur Mining (CDE) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to loss of $0.06 per share a year ago.
Is It Worth Investing in Coeur Mining Inc (NYSE: CDE) Right Now?
The 36-month beta value for CDE is at 1.65. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for CDE is 393.05M, and currently, shorts hold a 4.48% of that float. The average trading volume for CDE on August 16, 2024 was 6.97M shares.
CDE’s Market Performance
CDE’s stock has seen a 9.35% increase for the week, with a -6.18% drop in the past month and a 12.87% gain in the past quarter. The volatility ratio for the week is 5.80%, and the volatility levels for the past 30 days are at 6.69% for Coeur Mining Inc The simple moving average for the last 20 days is 0.90% for CDE stock, with a simple moving average of 44.23% for the last 200 days.
Analysts’ Opinion of CDE
ROTH MKM gave a rating of “Buy” to CDE, setting the target price at $5.40 in the report published on April 09th of the current year.
CDE Trading at 0.90% 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 -12.78% of loss for the given period.
Volatility was left at 6.69%, however, over the last 30 days, the volatility rate increased by 5.80%, as shares sank -5.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.61% upper at present.
During the last 5 trading sessions, CDE rose by +9.19%, which changed the moving average for the period of 200-days by +129.34% in comparison to the 20-day moving average, which settled at $5.88. In addition, Coeur Mining Inc saw 82.47% 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 Edwards Sebastian, who sale 20,000 shares at the price of $5.08 back on May 07 ’24. After this action, Edwards Sebastian now owns 103,100 shares of Coeur Mining Inc, valued at $101,600 using the latest closing price.
Watkinson Kenneth J, the VP, Corporate Controller & CAO of Coeur Mining Inc, sale 44,000 shares at $4.86 during a trade that took place back on May 03 ’24, which means that Watkinson Kenneth J is holding 140,719 shares at $213,620 based on the most recent closing price.
Stock Fundamentals for CDE
Current profitability levels for the company are sitting at:
- -0.02 for the present operating margin
- 0.13 for the gross margin
The net margin for Coeur Mining Inc stands at -0.08. The total capital return value is set at -0.01. Equity return is now at value -7.35, with -3.61 for asset returns.
Based on Coeur Mining Inc (CDE), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 0.58. The interest coverage ratio of the stock is -1.15.
Currently, EBITDA for the company is 63.71 million with net debt to EBITDA at 4.91. When we switch over and look at the enterprise to sales, we see a ratio of 3.36. The receivables turnover for the company is 27.29for trailing twelve months and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.20.
Conclusion
In conclusion, Coeur Mining Inc (CDE) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
