Coeur Mining Inc. [CDE] Revenue clocked in at $853.30 million, up 4.96% YTD: What’s Next?



Coeur Mining Inc. [NYSE: CDE] jumped around 0.19 points on Tuesday, while shares priced at $5.29 at the close of the session, up 3.73%. The company report on December 14, 2021 that Coeur Reports Positive Exploration Results at Rochester and Crown Programs.

Company’s record exploration investment continues to deliver significant results at key assets in Nevada.

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Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today provided an update on its 2021 exploration programs at its Rochester operation in northern Nevada and the Crown exploration project in southern Nevada. Collectively, Coeur has drilled just over one million feet (307,925 meters) from up to 27 active rigs at six different locations through the first ten months of 2021, reflecting a year-over-year increase of roughly 50%. The Company plans to invest an all-time record of approximately $70 million1 in exploration this year, nearly 48% more than last year’s record exploration investment.

Coeur Mining Inc. stock is now 4.96% up from its year-to-date (YTD) trading value. CDE Stock saw the intraday high of $5.39 and lowest of $5.13 per share. The company’s 52-week high price is 12.60, which means current price is +6.87% above from all time high which was touched on 01/04/22.

Compared to the average trading volume of 4.48M shares, CDE reached a trading volume of 4811272 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say 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 $8.78 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.

RBC Capital Mkts have made an estimate for Coeur Mining Inc. shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on June 02, 2021. The new note on the price target was released on April 30, 2021, representing the official price target for Coeur Mining Inc. stock.

The Average True Range (ATR) for Coeur Mining Inc. is set at 0.25, with the Price to Sales ratio for CDE stock in the period of the last 12 months amounting to 1.58. The Price to Book ratio for the last quarter was 1.66, with the Price to Cash per share for the same quarter was set at 0.33.

How has CDE stock performed recently?

Coeur Mining Inc. [CDE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.13. With this latest performance, CDE shares gained by 1.73% in over the last four-week period, additionally sinking by -38.91% over the last 6 months – not to mention a drop of -51.82% 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 49.09, with the RSI for the last a single of trading hit 57.53, and the three-weeks RSI is set at 45.29 for Coeur Mining Inc. [CDE]. The present Moving Average for the last 50 days of trading for this stock 5.88, while it was recorded at 5.06 for the last single week of trading, and 7.60 for the last 200 days.

Coeur Mining Inc. [CDE]: Deeper insight into the fundamentals

Coeur Mining Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.30.

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Insider trade positions for Coeur Mining Inc. [CDE]

There are presently around $845 million, or 73.40% 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 24,996,066, which is approximately -2.311% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 22,380,267 shares of the stock with an approximate value of $114.14 million in CDE stocks shares; and BLACKROCK INC., currently with $111.57 million in CDE stock with ownership of nearly 2.322% of the company’s market capitalization.

100 institutional holders increased their position in Coeur Mining Inc. [NYSE:CDE] by around 13,105,587 shares. Additionally, 87 investors decreased positions by around 9,604,765 shares, while 45 investors held positions by with 142,880,172 shares. The mentioned changes placed institutional holdings at 165,590,524 shares, according to the latest SEC report filing. CDE stock had 29 new institutional investments in for a total of 904,260 shares, while 30 institutional investors sold positions of 2,226,074 shares during the same period.