Cantor Fitzgerald slashes price target on Coeur Mining Inc [CDE] – find out why.

Coeur Mining Inc [NYSE: CDE] price plunged by -0.16 percent to reach at -$0.01.

The one-year CDE stock forecast points to a potential upside of 23.1. The average equity rating for CDE stock is currently 1.62, trading closer to a bullish pattern in the stock market.

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Guru’s Opinion on 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 $8.31 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 1.62. 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.

Cantor Fitzgerald have made an estimate for Coeur Mining Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 08, 2024. The new note on the price target was released on May 03, 2024, representing the official price target for Coeur Mining Inc stock. Previously, the target price had yet another raise to $5.40, while ROTH MKM analysts kept a Buy rating on CDE stock.

The Average True Range (ATR) for Coeur Mining Inc is set at 0.36, with the Price to Sales ratio for CDE stock in the period of the last 12 months amounting to 2.95. The Price to Book ratio for the last quarter was 2.47, with the Price to Cash per share for the same quarter was set at 0.19.

CDE Stock Performance Analysis:

Coeur Mining Inc [CDE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.31. With this latest performance, CDE shares dropped by -6.72% in over the last four-week period, additionally plugging by 37.72% over the last 6 months – not to mention a rise of 174.25% 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 46.72, with the RSI for the last a single of trading hit 42.88, and the three-weeks RSI is set at 48.93 for Coeur Mining Inc [CDE]. The present Moving Average for the last 50 days of trading for this stock 6.26, while it was recorded at 6.28 for the last single week of trading, and 4.84 for the last 200 days.

Insight into Coeur Mining Inc Fundamentals:

Coeur Mining Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.45 and a Current Ratio set at 1.20.

CDE Stock EPS

With the latest financial reports released by the company, Coeur Mining Inc posted -0.05/share EPS, while the average EPS was predicted by analysts to be reported at -0.01/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.04. 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.

Coeur Mining Inc [CDE] Institutonal Ownership Details

There are presently around $78.16%, or 79.36%% of CDE stock, in the hands of institutional investors. The top three institutional holders of CDE stocks are: BLACKROCK INC. with ownership of 37.28 million shares, which is approximately 9.6833%. VANGUARD GROUP INC, holding 37.02 million shares of the stock with an approximate value of $$208.04 million in CDE stocks shares; and VANGUARD GROUP INC, currently with $$191.67 million in CDE stock with ownership which is approximately 8.8591%.