In yesterday’s Wall Street session, Coeur Mining Inc (NYSE:CDE) shares traded at $2.61, up 0.77% from the previous session.
As of this writing, 7 analysts cover Coeur Mining Inc (NYSE:CDE). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $5.25 and a low of $3.75, we find $4.25. Given the previous closing price of $2.59, this indicates a potential upside of 64.09 percent. CDE stock price is now 11.03% away from the 50-day moving average and -15.73% away from the 200-day moving average. The market capitalization of the company currently stands at $921.75M.
There are 1 analysts who have given it a hold rating, whereas 5 have given it a buy rating. Brokers who have rated the stock have averaged $4.32 as their price target over the next twelve months.
With the price target maintained at $4, RBC Capital Mkts recently Upgraded its rating from Sector Perform to Outperform for Coeur Mining Inc (NYSE: CDE).
In other news, McGrath Aoife, SVP, Exploration bought 6,200 shares of the company’s stock on Sep 11. The stock was bought for $14,558 at an average price of $2.35. Upon completion of the transaction, the SVP, Exploration now directly owns 129,217 shares in the company, valued at $0.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 14, Director Das Paramita bought 500 shares of the business’s stock. A total of $1,234 was incurred on buying the stock at an average price of $2.47. This leaves the insider owning 22,711 shares of the company worth $59275.71. Insiders disposed of 442,773 shares of company stock worth roughly $1.16 million over the past 1 year. A total of 1.61% 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 SALEM INVESTMENT COUNSELORS INC during the first quarter worth $1,274,000. PANAGORA ASSET MANAGEMENT INC invested $1,245,000 in shares of CDE during the first quarter. In the first quarter, BESSEMER GROUP INC acquired a new stake in Coeur Mining Inc valued at approximately $898,000. BOULDER HILL CAPITAL MANAGEMENT LP acquired a new stake in CDE for approximately $308,000. WAKEFIELD ASSET MANAGEMENT LLLP purchased a new stake in CDE valued at around $274,000 in the second quarter. In total, there are 280 active investors with 69.16% ownership of the company’s stock.
Friday morning saw Coeur Mining Inc (NYSE: CDE) opened at $2.6000. During the past 12 months, Coeur Mining Inc has had a low of $2.02 and a high of $4.55. As of last week, the company has a debt-to-equity ratio of 0.49, a current ratio of 1.03, and a quick ratio of 0.41. The fifty day moving average price for CDE is $2.3556 and a two-hundred day moving average price translates $3.0924 for the stock.
The latest earnings results from Coeur Mining Inc (NYSE: CDE) was released for Jun, 2023. The net profit margin was -8.73% and return on equity was -7.08% 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.
