The stock of Coeur Mining Inc. (NYSE:CDE) last traded at $2.58, up 8.86% from the previous session.
Data from the available sources indicates that Coeur Mining Inc. (NYSE:CDE) is covered by 7 analysts. 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 $3.25, we find $4.25. Given the previous closing price of $2.37, this indicates a potential upside of 79.32 percent. CDE stock price is now -13.00% away from the 50-day moving average and -23.82% away from the 200-day moving average. The market capitalization of the company currently stands at $789.30M.
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In total, 3 analysts have assigned it a hold rating, and 4 have given it a buy rating. Brokers who have rated the stock have averaged $4.39 as their price target over the next twelve months.
With the price target maintained at $3.75, Canaccord Genuity recently Upgraded its rating from Hold to Buy for Coeur Mining Inc. (NYSE: CDE).
In other news, MELLOR ROBERT E, Chairman (non-executive) bought 5,000 shares of the company’s stock on May 25. The stock was bought for $14,995 at an average price of $3.00. Upon completion of the transaction, the Chairman (non-executive) now directly owns 239,188 shares in the company, valued at $0.62 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 25, SVP, Exploration McGrath Aoife bought 3,600 shares of the business’s stock. A total of $10,796 was incurred on buying the stock at an average price of $3.00. This leaves the insider owning 123,017 shares of the company worth $0.32 million. Insiders disposed of 442,773 shares of company stock worth roughly $1.14 million over the past 1 year. A total of 1.68% 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 $17,483,000. PANAGORA ASSET MANAGEMENT INC invested $1,231,000 in shares of CDE during the first quarter. In the first quarter, GRAHAM CAPITAL MANAGEMENT, L.P. acquired a new stake in Coeur Mining Inc. valued at approximately $972,000. BESSEMER GROUP INC acquired a new stake in CDE for approximately $888,000. CORECOMMODITY MANAGEMENT, LLC purchased a new stake in CDE valued at around $706,000 in the second quarter. In total, there are 280 active investors with 76.00% ownership of the company’s stock.
With an opening price of $2.4000 on Friday morning, Coeur Mining Inc. (NYSE: CDE) set off the trading day. During the past 12 months, Coeur Mining Inc. has had a low of $2.34 and a high of $4.55. As of last week, the company has a debt-to-equity ratio of 0.47, a current ratio of 1.00, and a quick ratio of 0.80. The fifty day moving average price for CDE is $2.9572 and a two-hundred day moving average price translates $3.3807 for the stock.
The latest earnings results from Coeur Mining Inc. (NYSE: CDE) was released for Jun, 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 -$0.28 EPS in the same period last year. The net profit margin was -8.30% and return on equity was -7.20% for CDE. The company reported revenue of $177.24 million for the quarter, compared to $204.12 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -13.17 percent. For the current quarter, analysts expect CDE to generate $198.5M 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.
