Canaccord Genuity slashes price target on Coeur Mining Inc. [CDE] – find out why.


Coeur Mining Inc. [NYSE: CDE] surged by $0.07 during the normal trading session on Tuesday and reaching a high of $2.88 during the day while it closed the day at $2.80. The company report on July 5, 2022 that Coeur Announces Second Quarter 2022 Earnings Call.

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Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today announced that it will report its second quarter 2022 operational and financial results after the New York Stock Exchange closes for trading on Wednesday, August 3, 2022. The Company will be hosting a conference call at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on Thursday, August 4, 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 August 11, 2022.

Coeur Mining Inc. stock has also gained 0.36% of its value over the past 7 days. However, CDE stock has declined by -39.52% in the 3 months of the year. Over the past six months meanwhile, it has lost -42.27% and lost -44.44% year-on date.

The market cap for CDE stock reached $814.18 million, with 261.46 million shares outstanding and 252.62 million shares in the current float. Compared to the average trading volume of 5.80M shares, CDE reached a trading volume of 4465740 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 $5.56 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 0.24, with the Price to Sales ratio for CDE stock in the period of the last 12 months amounting to 0.99. The Price to Book ratio for the last quarter was 0.81, with the Price to Cash per share for the same quarter was set at 0.25.

CDE stock trade performance evaluation

Coeur Mining Inc. [CDE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.36. With this latest performance, CDE shares dropped by -25.93% in over the last four-week period, additionally sinking by -42.27% over the last 6 months – not to mention a drop of -66.06% 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 35.47, with the RSI for the last a single of trading hit 33.69, and the three-weeks RSI is set at 37.38 for Coeur Mining Inc. [CDE]. The present Moving Average for the last 50 days of trading for this stock 3.53, while it was recorded at 2.80 for the last single week of trading, and 4.87 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 $515 million, or 74.30% 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 $65.28 million in CDE stocks shares; and VANGUARD GROUP INC, currently with $62.18 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 August and at the time of the August reporting period, where 118 institutional holders increased their position in Coeur Mining Inc. [NYSE:CDE] by around 40,594,830 shares. Additionally, 88 investors decreased positions by around 14,585,416 shares, while 36 investors held positions by with 133,507,250 shares. The mentioned changes placed institutional holdings at 188,687,496 shares, according to the latest SEC report filing. CDE stock had 34 new institutional investments in for a total of 3,830,841 shares, while 30 institutional investors sold positions of 1,078,812 shares during the same period.