Cantor Fitzgerald has recently reduced Coeur Mining Inc (CDE) stock to Neutral rating, as announced on August 8, 2024, according to Finviz. Earlier, on May 3, 2024, BMO Capital Markets had raised the stock from a Market Perform to Outperform. ROTH MKM also initiated Buy rating with a price target of $5.40. Additionally, BMO Capital Markets resumed Market Perform rating on November 3, 2023, with a target price of $2.75. RBC Capital Mkts analysts, in their report published on September 22, 2023, also raised Outperform rating and set a price target of $4 for Coeur Mining Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Coeur Mining Inc (CDE) Stock Trading Recap
On Tuesday, Coeur Mining Inc (CDE) stock saw a modest uptick, ending the day at $6.72 which represents a slight increase of $0.53 or 8.56% from the prior close of $6.19. The stock opened at $6.33 and touched a low of $6.3 during the day, reaching a high of $6.74. The volume of shares traded was 13.42 million exceeding the average volume of 9.87 million.
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CDE Stock Performance and Moving Averages
In recent trading, Coeur Mining Inc (CDE) stock price has shown some volatility, fluctuating 6.67% over the last five trades and 9.27% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 23.30%, and it has gained 24.91% in the previous three months. Currently, CDE is trading at 5.13%, 1.48%, and 21.74% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, CDE, a Basic Materials sector stock, is trading -12.95% below its 52-week high but remains 177.69% above its 52-week low. The Average True Range (ATR) (14 days) of 0.34 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Coeur Mining Inc’s Profitability and Valuation Ratios
Coeur Mining Inc’s profitability metrics reveal financial health. The company currently boasts an operating margin of 8.64% and a profit margin of -0.45%, with a gross margin of 23.30%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Coeur Mining Inc’s market capitalization stands at $2.68 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 10.72. Additionally, the Price-to-Sales Ratio is 2.73, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 2.48, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 1.56% of Coeur Mining Inc (CDE)’s shares, while financial institutions hold 75.35%.
Notable insider trades include Edwards Sebastian, Director at Coeur Mining Inc (CDE), who sold 20000 shares on May 07 ’24, at $5.08 each, totaling $0.10 million. On May 03 ’24, Watkinson Kenneth J, VP, Corporate Controller & CAO, sold 44000 shares for $4.86 each, amounting to $0.21 million.
