Thursday, December 3, 2020

Canaccord Genuity lifts Coeur Mining Inc. [CDE] price estimate. Who else is bullish?

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Coeur Mining Inc. [NYSE: CDE] gained 9.72% on the last trading session, reaching $8.24 price per share at the time. The company report on July 7, 2020 that Coeur Announces Second Quarter 2020 Earnings Call.

Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today announced that it will report its second quarter 2020 operational and financial results after the New York Stock Exchange closes for trading on Wednesday, July 29, 2020. The Company will be hosting a conference call at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on Thursday, July 30, 2020.


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Hosting the call will be Mitchell J. Krebs, President and Chief Executive Officer of Coeur, who will be joined by Thomas S. Whelan, Senior Vice President and Chief Financial Officer, Mick Routledge, Senior Vice President and Chief Operating Officer, and other members of management. A replay of the call will be available through August 13, 2020.

Coeur Mining Inc. represents 240.26 million in outstanding shares, while the company has a total market value of $1.99 billion with the latest information. CDE stock price has been found in the range of $7.95 to $8.40.

If compared to the average trading volume of 7.68M shares, CDE reached a trading volume of 14555162 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Coeur Mining Inc. [CDE]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CDE shares is $7.46 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CDE stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Canaccord Genuity have made an estimate for Coeur Mining Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 21, 2020. The new note on the price target was released on April 14, 2020, representing the official price target for Coeur Mining Inc. stock.

The Average True Range (ATR) for Coeur Mining Inc. is set at 0.47, with the Price to Sales ratio for CDE stock in the period of the last 12 months amounting to 2.73. The Price to Book ratio for the last quarter was 3.00, with the Price to Cash per share for the same quarter was set at 0.22. Price to Free Cash Flow for CDE in the course of the last twelve months was 1661.18 with Quick ratio for the last quarter at 1.20.

Trading performance analysis for CDE stock

Coeur Mining Inc. [CDE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 19.94. With this latest performance, CDE shares gained by 75.69% in over the last four-week period, additionally plugging by 37.33% over the last 6 months – not to mention a rise of 76.82% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CDE stock in for the last two-week period is set at 77.56, with the RSI for the last a single of trading hit 82.27, and the three-weeks RSI is set at 73.84 for Coeur Mining Inc. [CDE]. The present Moving Average for the last 50 days of trading for this stock 5.53, while it was recorded at 7.67 for the last single week of trading, and 5.40 for the last 200 days.

Coeur Mining Inc. [CDE]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Coeur Mining Inc. [CDE] shares currently have an operating margin of -13.26 and a Gross Margin at -7.51. Coeur Mining Inc.’s Net Margin is presently recorded at -48.78.

Return on Total Capital for CDE is now -8.11, given the latest momentum, and Return on Invested Capital for the company is -30.61. Return on Equity for this stock declined to -45.66, with Return on Assets sitting at -22.44. When it comes to the capital structure of this company, Coeur Mining Inc. [CDE] has a Total Debt to Total Equity ratio set at 52.36. Additionally, CDE Total Debt to Total Capital is recorded at 34.37, with Total Debt to Total Assets ending up at 25.33. Long-Term Debt to Equity for the company is recorded at 46.98, with the Long-Term Debt to Total Capital now at 30.84.

Reflecting on the efficiency of the workforce at the company, Coeur Mining Inc. [CDE] managed to generate an average of -$160,973 per employee. Receivables Turnover for the company is 29.38 with a Total Asset Turnover recorded at a value of 0.46.Coeur Mining Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.60.

Coeur Mining Inc. [CDE]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Coeur Mining Inc. posted -0.11/share EPS, while the average EPS was predicted by analysts to be reported at -0.11/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CDE.

An analysis of insider ownership at Coeur Mining Inc. [CDE]

There are presently around $1,314 million, or 70.10% of CDE stock, in the hands of institutional investors. The top three institutional holders of CDE stocks are: VAN ECK ASSOCIATES CORP with ownership of 24,399,518, which is approximately -8.442% of the company’s market cap and around 1.50% of the total institutional ownership; BLACKROCK INC., holding 20,894,581 shares of the stock with an approximate value of $172.17 million in CDE stocks shares; and VANGUARD GROUP INC, currently with $171.1 million in CDE stock with ownership of nearly 2.588% of the company’s market capitalization.

Positions in Coeur Mining Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 78 institutional holders increased their position in Coeur Mining Inc. [NYSE:CDE] by around 14,712,256 shares. Additionally, 78 investors decreased positions by around 19,928,018 shares, while 41 investors held positions by with 124,852,292 shares. The mentioned changes placed institutional holdings at 159,492,566 shares, according to the latest SEC report filing. CDE stock had 26 new institutional investments in for a total of 6,299,121 shares, while 24 institutional investors sold positions of 2,807,135 shares during the same period.

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