Coeur Mining Inc. [NYSE: CDE] stock went on an upward path that rose over 6.87% on Thursday, amounting to a one-week price decrease of less than -6.15%. The company report on August 11, 2020 that Coeur Provides Mid-Year 2020 Exploration Update.
Successfully delivering positive results and generating new, significant discoveries from the largest exploration program in the Company’s history.
Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today provided an update on its 2020 exploration program, which is the largest campaign in the Company’s history. The primary focus of the program is resource expansion and new discoveries, including prospective step-out drilling on certain targets designed to test known boundaries of existing mineralization. Drilling was active at six of the Company’s sites during the first half of 2020 with each program delivering positive results, including two new gold discoveries at the Sterling and Crown exploration properties in southern Nevada.
Over the last 12 months, CDE stock rose by 60.00%. The one-year Coeur Mining Inc. stock forecast points to a potential upside of 3.06. The average equity rating for CDE stock is currently 2.40, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $2.05 billion, with 240.95 million shares outstanding and 240.16 million shares in the current float. Compared to the average trading volume of 8.16M shares, CDE stock reached a trading volume of 5138114 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $8.50 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 2.40. 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.
Cantor Fitzgerald have made an estimate for Coeur Mining Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 31, 2020. The new note on the price target was released on July 21, 2020, representing the official price target for Coeur Mining Inc. stock.
The Average True Range (ATR) for Coeur Mining Inc. is set at 0.55, with the Price to Sales ratio for CDE stock in the period of the last 12 months amounting to 2.84. The Price to Book ratio for the last quarter was 3.04, with the Price to Cash per share for the same quarter was set at 0.28.
CDE Stock Performance Analysis:
Coeur Mining Inc. [CDE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.15. With this latest performance, CDE shares gained by 35.53% in over the last four-week period, additionally plugging by 34.86% over the last 6 months – not to mention a rise of 60.00% 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 60.28, with the RSI for the last a single of trading hit 56.87, and the three-weeks RSI is set at 61.34 for Coeur Mining Inc. [CDE]. The present Moving Average for the last 50 days of trading for this stock 6.25, while it was recorded at 8.18 for the last single week of trading, and 5.62 for the last 200 days.
Insight into Coeur Mining Inc. Fundamentals:
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 1.50.
CDE Stock EPS
With the latest financial reports released by the company, Coeur Mining Inc. posted -0.02/share EPS, while the average EPS was predicted by analysts to be reported at -0.02/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.
Coeur Mining Inc. [CDE] Insider Position Details
There are presently around $1,200 million, or 70.40% 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 22,200,511, which is approximately -9.013% 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 July and at the time of the July reporting period, where 84 institutional holders increased their position in Coeur Mining Inc. [NYSE:CDE] by around 11,981,504 shares. Additionally, 82 investors decreased positions by around 32,397,080 shares, while 34 investors held positions by with 101,196,064 shares. The mentioned changes placed institutional holdings at 145,574,648 shares, according to the latest SEC report filing. CDE stock had 25 new institutional investments in for a total of 2,084,699 shares, while 22 institutional investors sold positions of 2,740,520 shares during the same period.