Coeur Mining Inc. (NYSE: CDE) stock fell -1.20% on Tuesday to $4.10 against a previous-day closing price of $4.15. With 3.64 million shares changed hands, the volume of the stock remained lighter than its average volume of 5.44 million shares. During the session, the Gold company that operates in wider Basic Materials sector, reached to the highest price of $4.2700 whereas the lowest price it dropped to was $4.0000. The 52-week range on CDE shows that it touched its highest point at $5.39 and its lowest point at $2.54 during that stretch. It currently has a 1-year price target of $4.41. Beta for the stock currently stands at 1.48.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CDE was up-trending over the past week, with a rise of 12.33%, but this was up by 15.49% over a month. Three-month performance surged to 6.22% while six-month performance rose 46.43%. The stock lost -19.29% in the past year, while it has gained 22.02% so far this year. A look at the trailing 12-month EPS for CDE yields -0.50 with Next year EPS estimates of -0.07. For the next quarter, that number is -0.04. This implies an EPS growth rate of -218.60% for this year and 76.70% for next year.
Float and Shares Shorts:
At present, 278.11 million CDE shares are outstanding with a float of 276.60 million shares on hand for trading. On Oct 13, 2022, short shares totaled 17.13 million, which was 6.10% higher than short shares on Sep 14, 2022. In addition to Mr. Mitchell J. Krebs as the firm’s Pres, CEO & Director, Mr. Thomas S. Whelan serves as its Sr. VP & CFO.
Through their ownership of 72.12% of CDE’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 51.70% of CDE, in contrast to 21.67% held by mutual funds. Shares owned by individuals account for 2.15%. As the largest shareholder in CDE with 9.26% of the stake, Van Eck Associates Corp. holds 26,014,573 shares worth 26,014,573. A second-largest stockholder of CDE, The Vanguard Group, Inc., holds 25,370,488 shares, controlling over 9.03% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in CDE, holding 21,529,943 shares or 7.66% stake. With a 5.20% stake in CDE, the VanEck Gold Miners ETF is the largest stakeholder. A total of 14,606,176 shares are owned by the mutual fund manager. The SPDR S&P Metals & Mining ETF, which owns about 4.94% of CDE stock, is the second-largest Mutual Fund holder. It holds 13,871,084 shares valued at 46.61 million. VanEck Junior Gold Miners ETF holds 3.21% of the stake in CDE, owning 9,006,282 shares worth 30.26 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CDE since 8 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 6 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CDE analysts setting a high price target of $6.50 and a low target of $3.00, the average target price over the next 12 months is $4.43. Based on these targets, CDE could surge 58.54% to reach the target high and fall by -26.83% to reach the target low. Reaching the average price target will result in a growth of 8.05% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. CDE will report FY 2022 earnings on 02/21/2024. Analysts have provided yearly estimates in a range of -$0.26 being high and -$0.38 being low. For CDE, this leads to a yearly average estimate of -$0.30. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Coeur Mining Inc. surprised analysts by -$0.10 when it reported -$0.16 EPS against a consensus estimate of -$0.06. The surprise factor in the prior quarter was -$0.04. The average estimate for the next quarter is thus -$0.04.
Summary of Insider Activity:
Insiders traded CDE stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 30 while that of sell transactions has risen to 34 over the past year. The total number of shares bought during that period was 1,431,896 while 511,956 shares were sold.