CDE (Coeur Mining Inc) stock is in for a key growth catalyst

Coeur Mining Inc (NYSE: CDE) closed the day trading at $3.15 down -2.78% from the previous closing price of $3.24. In other words, the price has decreased by -$0.0900 from its previous closing price. On the day, 5030151 shares were traded.

Ratios:

For a better understanding of CDE, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.38 and its Current Ratio is at 0.92. In the meantime, Its Debt-to-Equity ratio is 0.55 whereas as Long-Term Debt/Eq ratio is at 0.52.

On September 22, 2023, RBC Capital Mkts Upgraded its rating to Outperform which previously was Sector Perform but kept the price unchanged to $4.

Canaccord Genuity Upgraded its Hold to Buy on July 24, 2023, while the target price for the stock was maintained at $3.75.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 27 ’23 when Watkinson Kenneth J sold 7,000 shares for $2.81 per share. The transaction valued at 19,684 led to the insider holds 134,051 shares of the business.

McGrath Aoife bought 6,200 shares of CDE for $14,558 on Sep 11 ’23. The SVP, Exploration now owns 129,217 shares after completing the transaction at $2.35 per share. On Aug 14 ’23, another insider, Das Paramita, who serves as the Director of the company, bought 500 shares for $2.47 each. As a result, the insider paid 1,234 and bolstered with 22,711 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CDE now has a Market Capitalization of 1.22B and an Enterprise Value of 1.71B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.49 while its Price-to-Book (P/B) ratio in mrq is 1.19. Its current Enterprise Value per Revenue stands at 2.08 whereas that against EBITDA is 29.61.

Stock Price History:

Over the past 52 weeks, CDE has reached a high of $4.55, while it has fallen to a 52-week low of $2.00. The 50-Day Moving Average of the stock is 2.7794, while the 200-Day Moving Average is calculated to be 2.7364.

Shares Statistics:

Over the past 3-months, CDE traded about 6.70M shares per day on average, while over the past 10 days, CDE traded about 7.75M shares per day. A total of 386.28M shares are outstanding, with a floating share count of 379.77M. Insiders hold about 1.68% of the company’s shares, while institutions hold 70.71% stake in the company. Shares short for CDE as of Feb 29, 2024 were 20.72M with a Short Ratio of 3.09, compared to 18.47M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.36% and a Short% of Float of 5.44%.

Dividends & Splits

The stock’s 5-year Average Dividend Yield is 0.87.

Earnings Estimates

Current recommendations for the stock of the company come from 4 analysts. On average, analysts expect EPS of -$0.03 for the current quarter, with a high estimate of -$0.02 and a low estimate of -$0.04, while EPS last year was -$0.11. The consensus estimate for the next quarter is -$0.01, with high estimates of $0 and low estimates of -$0.03.

Analysts are recommending an EPS of between $0.1 and -$0.22 for the fiscal current year, implying an average EPS of -$0.04. EPS for the following year is $0.23, with 6 analysts recommending between $0.32 and $0.1.

Revenue Estimates

1 analysts predict $260M in revenue for the current quarter. It ranges from a high estimate of $260M to a low estimate of $260M. As of the current estimate, Coeur Mining Inc’s year-ago sales were $187.3M, an estimated increase of 38.80% from the year-ago figure.

A total of 5 analysts have provided revenue estimates for CDE’s current fiscal year. The highest revenue estimate was $974.13M, while the lowest revenue estimate was $894.6M, resulting in an average revenue estimate of $936.35M. In the same quarter a year ago, actual revenue was $821.21M, up 14.00% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $1.07B in the next fiscal year. The high estimate is $1.13B and the low estimate is $1.03B. The average revenue growth estimate for next year is up 14.60% from the average revenue estimate for this year.

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