Stocks of Coeur Mining Inc. (NYSE:CDE) traded higher last session on Wall Street, down -2.41% to $3.24.
According to the data, Coeur Mining Inc. (NYSE:CDE) has 6 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $6.00 and a low of $3.75, we find $4.13. Given the previous closing price of $3.32, this indicates a potential upside of 24.4 percent. CDE stock price is now -8.67% away from the 50-day moving average and -5.79% away from the 200-day moving average. The market capitalization of the company currently stands at $1.07B.
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A total of 4 analysts have issued a hold rating and 2 have given it a buy rating. Brokers who have rated the stock have averaged $4.63 as their price target over the next twelve months.
With the price target maintained at $4, Canaccord Genuity recently Upgraded its rating from Sell to Hold for Coeur Mining Inc. (NYSE: CDE)., while ‘Canaccord Genuity’ rates the stock as ‘Hold’.
In other news, THOMPSON J KENNETH, Director bought 10,000 shares of the company’s stock on Mar 07. The stock was bought for $29,287 at an average price of $2.93. Upon completion of the transaction, the Director now directly owns 234,122 shares in the company, valued at $0.76 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 24, Director Gress Randy bought 20,000 shares of the business’s stock. A total of $58,580 was incurred on buying the stock at an average price of $2.93. This leaves the insider owning 205,213 shares of the company worth $0.66 million. Insiders disposed of 400,550 shares of company stock worth roughly $1.3 million over the past 1 year. A total of 1.73% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CDE stock. A new stake in Coeur Mining Inc. shares was purchased by MARSHALL WACE, LLP during the first quarter worth $21,956,000. FIRST EAGLE INVESTMENT MANAGEMENT, LLC invested $3,498,000 in shares of CDE during the first quarter. In the first quarter, BRANDYWINE GLOBAL INVESTMENT MANAGEMENT, LLC acquired a new stake in Coeur Mining Inc. valued at approximately $2,420,000. GRAHAM CAPITAL MANAGEMENT, L.P. acquired a new stake in CDE for approximately $1,220,000. CORECOMMODITY MANAGEMENT, LLC purchased a new stake in CDE valued at around $887,000 in the second quarter. In total, there are 286 active investors with 76.00% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $3.3000 for Coeur Mining Inc. (NYSE: CDE). During the past 12 months, Coeur Mining Inc. has had a low of $2.54 and a high of $4.55. As of last week, the company has a debt-to-equity ratio of 0.52, a current ratio of 1.30, and a quick ratio of 1.00. The fifty day moving average price for CDE is $3.5514 and a two-hundred day moving average price translates $3.4392 for the stock.
The latest earnings results from Coeur Mining Inc. (NYSE: CDE) was released for Mar, 2023. According to the Gold Company, earnings per share came in at -$0.11, missing analysts’ expectations of -$0.09 by -0.02. This compares to $0.03 EPS in the same period last year. The net profit margin was -14.00% and return on equity was -12.60% for CDE. The company reported revenue of $187.3 million for the quarter, compared to $188.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.59 percent. For the current quarter, analysts expect CDE to generate $225M in revenue.
Coeur Mining Inc.(CDE) Company Profile
Coeur Mining, Inc. explores for precious metals in the United States, Canada, and Mexico. It primarily explores for gold, silver, zinc, and lead properties. The company holds 100% interests in the Palmarejo gold and silver mine covering an area of approximately 67,279 net acres located in the State of Chihuahua in Northern Mexico; the Rochester silver and gold mine that covers an area of approximately 43,441net acres situated in northwestern Nevada; the Kensington gold mine comprising 3,972 net acres located to the north of Juneau, Alaska; the Wharf gold mine covering an area of approximately 3,243 net acres situated in the northern Black Hills of western South Dakota; and the Silvertip silver-zinc-lead mine comprising 97,298 net acres located in northern British Columbia, Canada. Further, it markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d’Alene Mines Corporation and changed its name to Coeur Mining, Inc. in May 2013. Coeur Mining, Inc. was incorporated in 1928 and is headquartered in Chicago, Illinois.
