Coeur Mining Inc. [CDE] Is Currently -6.61 below its 200 Period Moving Avg: What Does This Mean?

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Coeur Mining Inc. [NYSE: CDE] loss -6.61% on the last trading session, reaching $4.10 price per share at the time. The company report on April 5, 2022 that Coeur Announces First Quarter 2022 Earnings Call.

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Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today announced that it will report its first quarter 2022 operational and financial results after the New York Stock Exchange closes for trading on Wednesday, May 4, 2022. The Company will be hosting a conference call at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on Thursday, May 5, 2022.

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, Michael “Mick” Routledge, Senior Vice President and Chief Operating Officer, and other members of management. A replay of the call will be available through May 12, 2022.

Coeur Mining Inc. represents 257.15 million in outstanding shares, while the company has a total market value of $1.33 billion with the latest information. CDE stock price has been found in the range of $3.9242 to $4.28.

If compared to the average trading volume of 6.69M shares, CDE reached a trading volume of 11861957 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 $5.75 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 Hold, with their previous recommendation back on February 17, 2022. The new note on the price target was released on January 31, 2022, representing the official price target for Coeur Mining Inc. stock.

The Average True Range (ATR) for Coeur Mining Inc. is set at 0.29, with the Price to Sales ratio for CDE stock in the period of the last 12 months amounting to 1.60. The Price to Book ratio for the last quarter was 1.32, with the Price to Cash per share for the same quarter was set at 0.17.

Trading performance analysis for CDE stock

Coeur Mining Inc. [CDE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -20.08. With this latest performance, CDE shares dropped by -14.41% in over the last four-week period, additionally sinking by -39.08% over the last 6 months – not to mention a drop of -57.99% 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 35.87, with the RSI for the last a single of trading hit 29.10, and the three-weeks RSI is set at 39.68 for Coeur Mining Inc. [CDE]. The present Moving Average for the last 50 days of trading for this stock 4.67, while it was recorded at 4.67 for the last single week of trading, and 5.80 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 +10.07 and a Gross Margin at +15.54. Coeur Mining Inc.’s Net Margin is presently recorded at -3.76.

Return on Equity for this stock declined to -4.19, with Return on Assets sitting at -2.00.

Coeur Mining Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.20.

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

There are presently around $720 million, or 66.00% of CDE stock, in the hands of institutional investors. The top three institutional holders of CDE stocks are: VANGUARD GROUP INC with ownership of 22,623,235, which is approximately 1.086% of the company’s market cap and around 1.60% of the total institutional ownership; VAN ECK ASSOCIATES CORP, holding 22,254,808 shares of the stock with an approximate value of $97.7 million in CDE stocks shares; and BLACKROCK INC., currently with $92.41 million in CDE stock with ownership of nearly -3.772% of the company’s market capitalization.

Positions in Coeur Mining Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 105 institutional holders increased their position in Coeur Mining Inc. [NYSE:CDE] by around 15,500,101 shares. Additionally, 94 investors decreased positions by around 18,549,432 shares, while 41 investors held positions by with 129,987,240 shares. The mentioned changes placed institutional holdings at 164,036,773 shares, according to the latest SEC report filing. CDE stock had 45 new institutional investments in for a total of 7,071,468 shares, while 27 institutional investors sold positions of 1,032,346 shares during the same period.