Market Analysts see Coeur Mining Inc [CDE] gaining to $2.75. Time to buy?

Coeur Mining Inc [NYSE: CDE] traded at a high on Thursday, posting a 0.37 gain after which it closed the day’ session at $2.68. The company report on January 29, 2024 at 4:30 PM that Coeur Reports Record 2023 Fourth Quarter Production at its Newly Expanded Rochester Operation and Provides Update on First Half 2024 Crusher Commissioning and Ramp-Up Progress.

Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today provided an update on expansion-related activities taking place at its Rochester silver and gold operation in Nevada.

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Fourth quarter production reached record levels of approximately 1.3 million ounces of silver and 19,847 ounces of gold, which represented quarter-over-quarter increases of 120% and 345% and year-over-year increases of 38% and 71%, respectively. These materially higher production levels were driven by the initial surge of ounces produced from the new Stage 6 leach pad and new Merrill-Crowe process plant, which began delivering silver and gold ounces late in the third quarter of 2023.

The results of the trading session contributed to over 2889317 shares changing hands. Over the past one week, the price volatility of Coeur Mining Inc stands at 4.51% while the volatility over the past one month is 5.84%.

The market cap for CDE stock reached $1.03 billion, with 382.61 million shares outstanding and 377.24 million shares in the current float. Compared to the average trading volume of 6.58M shares, CDE reached a trading volume of 2889317 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 $4.14 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 1.71. 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.

BMO Capital Markets have made an estimate for Coeur Mining Inc shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on November 03, 2023.

The Average True Range (ATR) for Coeur Mining Inc is set at 0.17, with the Price to Sales ratio for CDE stock in the period of the last 12 months amounting to 1.35. The Price to Book ratio for the last quarter was 0.98, with the Price to Cash per share for the same quarter was set at 0.16.

How has CDE stock performed recently?

Coeur Mining Inc [CDE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.29. With this latest performance, CDE shares dropped by -0.74% in over the last four-week period, additionally plugging by 2.68% over the last 6 months – not to mention a drop of -26.98% 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 45.58, with the RSI for the last a single of trading hit 45.18, and the three-weeks RSI is set at 46.44 for Coeur Mining Inc [CDE]. The present Moving Average for the last 50 days of trading for this stock 2.99, while it was recorded at 2.71 for the last single week of trading, and 2.81 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 0.41 and a Current Ratio set at 1.05.

Earnings analysis for Coeur Mining Inc [CDE]

With the latest financial reports released by the company, Coeur Mining Inc posted -0.06/share EPS, while the average EPS was predicted by analysts to be reported at -0.04/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -50.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CDE.

Insider trade positions for Coeur Mining Inc [CDE]

The top three institutional holders of CDE stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in CDE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in CDE stock with ownership which is approximately 5.8325%.