Coeur Mining, Inc. (NYSE:CDE) has been upgraded by Noble Financial, which now rates the stock as Buy versus Hold prior rating , according to a note issued on August 02. Analysts at ROTH Capital, shed their negative views on July 10 by lifting it fromNeutral to Buy. The stock lost favor of ROTH Capital analysts who expressed their lack of confidence in it using a downgrade from Buy to Neutral on April 27.
Coeur Mining, Inc. (CDE) hit an intraday high Tuesday at $4.24. The shares finished at $3.95, after trading as low as $3.94 earlier in the session. It dropped -1.5% in recent trade and currently has a stock-market value of $802.92M. Trading activity significantly improved as the volume at ready counter increased to 3,341,537 shares versus 2,844,065 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 2,979,965 shares. The stock is now 3.67% above against its bear-market low of $3.81 on November 27, 2018. It has retreated -126.33% since it’s 52-week high of $8.94 reached in January. Now the market price is down -45.06% on the year and down -47.33% YTD.
CDE’s 50 day simple moving average (SMA 50) price is $4.92 and its 200-day simple moving average (SMA 200) price is $6.81. The company’s stock currently has a total float of 200.67M shares. Its weekly volatility is hovering around 5.89% and felt 5.83% volatility in price over a month. On the upside, the share price will test short term resistance at around $4.15. On a downside, the stock is likely to find some support, which begins at $3.85. The failure to get near-term support could push it to $3.74.
Separately, it has been reported that multiple insider activity took place at Coeur Mining, Inc. (CDE). Director Thompson J Kenneth acquired 5,000 shares for $117,929 in transaction occurred on 2018/11/26. After making this transaction, the Director owns a direct stake of 20,200 shares, worth $465,820, as per the last closing price. On 2018/11/07 Thompson J Kenneth, Director at CDE, purchased 5,000 shares at an average price of $4.96 per share. The new stake is valued at $446,070.
Chairma, Mellor Robert E had invested in 1,000 shares for $131,995 through a trade on 2018/08/07. Following this activity, the insider holds 6,330 shares worth $521,380 as of recent close. Wall Street’s most bullish Coeur Mining, Inc. (NYSE:CDE) analysts are predicting the share price to blow past $12 per share during the next 12 months. The current median share price forecast by them is $8, suggesting that the stock could increase 102.53% in that time frame. The average price target of $8.63 calls for a nearly 118.48% increase in the stock price.
When looking at valuations, Coeur Mining, Inc. (CDE) has a pricey P/E of 12.99x as compared to industry average of 9.48x. Moreover, it trades for 31.6 times the next 12 months of expected earnings. Also, it is trading at rather inexpensive levels at just over 0.95x price/book and 1.15x price/sales. It’s also very liquid in the near term, with a current ratio of 2. The stock has a debt/capital of 0.56.
Shares of Coeur Mining, Inc. (CDE) have dropped -17.5% since the company’s last earnings report. Over the past 12 fiscal quarters, Coeur Mining, Inc. (NYSE:CDE) has topped consensus earnings estimates in 7 quarters (58%), missed earnings in 5 quarters (41%), whereas at 0 occasion EPS met analyst expectations. CDE last reported earnings on October 31, 2018 when it released Sep-18 results that receded expectations. The company raked in -$0.11 per share, -99.66% change on the same period last year. That was worse than consensus for -$0.08. Revenue for the recent quarter stood at $148.79 million, down -15% on last year and below the $151.14 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $162.4 million to $181.7 million, which should be compared with $264.6 million generated last year. EPS is seen in a range of -$0.03 to $0.08, against the 0 reported a year ago.