Coeur Mining Inc. [CDE] Stock trading around $3.74 per share: What’s Next?

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Coeur Mining Inc. [NYSE: CDE] gained 2.19% or 0.08 points to close at $3.74 with a heavy trading volume of 4453439 shares. The company report on May 12, 2022 that Coeur to Participate in Upcoming Conferences.


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Coeur Mining, Inc.’s (“Coeur” or the “Company”) (NYSE: CDE) Senior Vice President and Chief Financial Officer, Thomas S. Whelan, and Senior Vice President and Chief Operating Officer, Michael “Mick” Routledge, will participate in the Canaccord Global Metals & Mining Conference in Palm Desert, California on Monday, May 16, 2022. Additionally, President and Chief Executive Officer, Mitchell J. Krebs, will participate in the Bank of America Global Metals, Mining & Steel Conference in Miami, Florida on Wednesday, May 18, 2022.

The Canaccord Global Metals & Mining Conference and the Bank of America Global Metals, Mining & Steel Conference are invitation-only investment conferences. Presentation materials will be made available on the Company’s website at www.coeur.com.

It opened the trading session at $3.69, the shares rose to $3.83 and dropped to $3.59, the range by which the price of stock traded the whole day. The daily chart for CDE points out that the company has recorded -39.58% loss over the past six months. However, it is still -24.25% lower than its most recent low trading price.

If we look at the average trading volume of 6.98M shares, CDE reached to a volume of 4453439 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 $5.66 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.

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 0.27, with the Price to Sales ratio for CDE stock in the period of the last 12 months amounting to 1.29. The Price to Book ratio for the last quarter was 1.09, with the Price to Cash per share for the same quarter was set at 0.26.

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 4.47. With this latest performance, CDE shares dropped by -8.78% in over the last four-week period, additionally sinking by -39.58% over the last 6 months – not to mention a drop of -63.83% 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 48.04, with the RSI for the last a single of trading hit 53.34, and the three-weeks RSI is set at 45.89 for Coeur Mining Inc. [CDE]. The present Moving Average for the last 50 days of trading for this stock 4.23, while it was recorded at 3.62 for the last single week of trading, and 5.39 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 0.90 and a Current Ratio set at 1.20.

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

There are presently around $671 million, or 73.50% of CDE stock, in the hands of institutional investors. The top three institutional holders of CDE stocks are: STATE STREET CORP with ownership of 27,794,163, which is approximately 56.511% of the company’s market cap and around 1.60% of the total institutional ownership; VAN ECK ASSOCIATES CORP, holding 23,912,151 shares of the stock with an approximate value of $87.52 million in CDE stocks shares; and VANGUARD GROUP INC, currently with $83.36 million in CDE stock with ownership of nearly 0.673% 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 121 institutional holders increased their position in Coeur Mining Inc. [NYSE:CDE] by around 35,175,525 shares. Additionally, 89 investors decreased positions by around 14,597,514 shares, while 34 investors held positions by with 133,524,352 shares. The mentioned changes placed institutional holdings at 183,297,391 shares, according to the latest SEC report filing. CDE stock had 37 new institutional investments in for a total of 3,852,262 shares, while 29 institutional investors sold positions of 1,068,706 shares during the same period.

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