Coeur Mining Inc. [CDE] Is Currently -6.07 below its 200 Period Moving Avg: What Does This Mean?


Coeur Mining Inc. [NYSE: CDE] closed the trading session at $3.25 on 05/10/22. The day’s price range saw the stock hit a low of $3.16, while the highest price level was $3.585. The company report on May 4, 2022 that Coeur Reports First Quarter 2022 Results.

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Reaffirms Full-Year 2022 Guidance.

Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today reported first quarter 2022 financial results, including revenue of $188 million and cash flow from operating activities of $(6) million. The Company reported GAAP net income from continuing operations of $8 million, or $0.03 per share. On an adjusted basis1, Coeur reported EBITDA of $42 million, cash flow from operating activities before changes in working capital of $24 million and net loss from continuing operations of $14 million, or $0.05 per share.

The stocks have a year to date performance of -35.52 percent and weekly performance of -15.58 percent. The stock has been moved at -54.16 percent over the last six months. The stock has performed -29.81 percent around the most recent 30 days and changed -33.67 percent over the most recent 3-months.

If compared to the average trading volume of 7.41M shares, CDE reached to a volume of 8016426 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $5.84 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 0.30, with the Price to Sales ratio for CDE stock in the period of the last 12 months amounting to 1.10. The Price to Book ratio for the last quarter was 0.94, with the Price to Cash per share for the same quarter was set at 0.26.

CDE stock trade performance evaluation

Coeur Mining Inc. [CDE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.58. With this latest performance, CDE shares dropped by -29.81% in over the last four-week period, additionally sinking by -54.16% over the last 6 months – not to mention a drop of -65.43% 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 28.48, with the RSI for the last a single of trading hit 23.03, and the three-weeks RSI is set at 32.61 for Coeur Mining Inc. [CDE]. The present Moving Average for the last 50 days of trading for this stock 4.46, while it was recorded at 3.67 for the last single week of trading, and 5.57 for the last 200 days.

Coeur Mining Inc. [CDE]: An insightful look at the core fundamentals

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 0.90 and a Current Ratio set at 1.20.

Coeur Mining Inc. [CDE]: Insider Ownership positions

There are presently around $568 million, or 66.90% 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 23,912,151, which is approximately 7.447% of the company’s market cap and around 1.60% of the total institutional ownership; VANGUARD GROUP INC, holding 22,623,235 shares of the stock with an approximate value of $78.28 million in CDE stocks shares; and BLACKROCK INC., currently with $72.83 million in CDE stock with ownership of nearly -3.772% of the company’s market capitalization.

117 institutional holders increased their position in Coeur Mining Inc. [NYSE:CDE] by around 17,529,710 shares. Additionally, 91 investors decreased positions by around 16,305,530 shares, while 37 investors held positions by with 130,311,130 shares. The mentioned changes placed institutional holdings at 164,146,370 shares, according to the latest SEC report filing. CDE stock had 44 new institutional investments in for a total of 7,157,983 shares, while 29 institutional investors sold positions of 941,062 shares during the same period.