While Coeur Mining Inc has underperformed by -1.69%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CDE rose by 132.23%, with highs and lows ranging from $7.72 to $2.42, whereas the simple moving average jumped by 24.26% in the last 200 days.
On August 08, 2024, Cantor Fitzgerald Downgraded Coeur Mining Inc (NYSE: CDE) to Neutral. A report published by BMO Capital Markets on May 03, 2024, Upgraded its rating to ‘Outperform’ for CDE. ROTH MKM also rated CDE shares as ‘Buy’, setting a target price of $5.40 on the company’s shares in an initiating report dated April 09, 2024. BMO Capital Markets Initiated an Market Perform rating on November 03, 2023, and assigned a price target of $2.75. RBC Capital Mkts September 22, 2023d its ‘Sector Perform’ rating to ‘Outperform’ for CDE, as published in its report on September 22, 2023. Canaccord Genuity’s report from July 24, 2023 suggests a price prediction of $3.75 for CDE shares, giving the stock a ‘Buy’ rating. National Bank Financial also rated the stock as ‘Outperform’.
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Analysis of Coeur Mining Inc (CDE)
Further, the quarter-over-quarter increase in sales is 60.90%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Coeur Mining Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -0.42% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.39, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and CDE is recording an average volume of 10.10M. On a monthly basis, the volatility of the stock is set at 4.64%, whereas on a weekly basis, it is put at 5.06%, with a gain of 4.02% over the past seven days. Furthermore, long-term investors anticipate a median target price of $8.88, showing growth from the present price of $6.99, which can serve as yet another indication of whether CDE is worth investing in or should be passed over.
How Do You Analyze Coeur Mining Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.56%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 75.28% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CDE shares are owned by institutional investors to the tune of 75.28% at present.
