Do Comstock Mining Inc. (AMEX: LODE) Fit In A Value Investing Philosophy?


Bridgeway Capital Management, Inc. recently announced the acquisition of new stake in Comstock Mining Inc. (AMEX:LODE). This fresh investment now brings its stake to 0.34% valued currently at $75670.0. In addition, Citadel Advisors LLC raised its holdings by 70741.0 to 70741.0 shares. And Susquehanna Financial Group LLLP has lifted its position by 175.25% or 19293.0 shares – to 30302.0 shares.

With over 3.41 million Comstock Mining Inc. (LODE) shares trading Monday and a closing price of $1.17 on the day, the dollar volume was approximately $3.99 million. The shares have shown a negative weekly performance of -19.31% and its price on 08/24/20 gained nearly 17.42%. Currently, there are 28.25M common shares owned by the public and among those 26.02M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for LODE have a consensus price objective of $4.50. The analysts have set the share’s price value over the next 12 months at a high of $4.50 and a low of $4.50 should the stock experience a downside. But an upside of 74.0% will see the stock hit the forecast high price target while mean target price for the stock is $4.50.

Insiders at the company have transacted a total of 4 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 4 of these insider trades were purchases, accounting for 315,000 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.

The top 3 mutual fund holders in Comstock Mining Inc. are US Global Investors – World Preci, Bridgeway Ultra Small Company Mar, and Vanguard Extended Market Index Fu. US Global Investors – World Preci owns 0.11 million shares of the company’s stock, all valued at over $85813.0. Vanguard Extended Market Index Fu now owns shares totaling to 0.17% of the shares outstanding.

Shares of Comstock Mining Inc. (AMEX: LODE) opened at $1.01, up $0.01 from a prior closing price of $1.00. However, the script later closed the day at $1.17, up 17.42%. The company’s stock has a 5-day price change of -19.31% and 112.07% over the past three months. LODE shares are trading 165.07% year to date (YTD), with the 12-month market performance up to 108.93% higher. It has a 12-month low price of $0.23 and touched a high of $2.12 over the same period. Currently, 3.41 million shares have been traded, compared to an average intraday trading volume of 4.36 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 30.25%, 41.56%, and 98.57% respectively.

Institutional ownership of Comstock Mining Inc. (AMEX: LODE) shares accounts for 8.00% of the company’s 28.25M shares outstanding. Mutual fund holders own 1.49%, while other institutional holders and individual stakeholders account for 2.06% and 0.95% respectively.

It has a market capitalization of $41.35M and a beta (3y monthly) value of 1.19. The earnings-per-share (ttm) stands at -$0.17. Price movements for the stock have been influenced by the stock’s volatility, which stands at 15.31% over the week and 14.23% over the month.

Analysts forecast that Comstock Mining Inc. (LODE) will achieve an EPS of $Lonestar Resources US Inc. for the current quarter, $0.27 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $The Lovesac Company while analysts give the company a high EPS estimate of $Grand Canyon Education, Inc. Comparatively, EPS for the current quarter was $LOT 78 INC a year ago.

Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the LODE, a number of firms have released research notes about the stock. Singular Research stated their Buy rating for the stock in a research note on April 23, 2014, with the firm’s price target at $2.25. Global Hunter Securities coverage for the Comstock Mining Inc. (LODE) stock in a research note released on March 16, 2012 offered a Speculative Buy rating with a price target of $3.50.


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