Uncovering Institutional Buying In Coeur Mining Inc (NYSE: CDE)

Currently, there are 386.28M common shares owned by the public and among those 379.77M shares have been available to trade.

However, the script later moved the day high at 3.2100, down -2.78%. The company’s stock has a 5-day price change of 8.25% and 4.65% over the past three months. CDE shares are trading -3.37% year to date (YTD), with the 12-month market performance up to 10.53% higher. It has a 12-month low price of $2.00 and touched a high of $4.55 over the same period. CDE has an average intraday trading volume of 6.70 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 14.11%, 13.20%, and 15.12% respectively.

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Institutional ownership of Coeur Mining Inc (NYSE: CDE) shares accounts for 70.71% of the company’s 386.28M shares outstanding.

It has a market capitalization of $1.22B and a beta (3y monthly) value of 1.76. The earnings-per-share (ttm) stands at -$0.31. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.39% over the week and 5.96% over the month.

Analysts forecast that Coeur Mining Inc (CDE) will achieve an EPS of -$0.03 for the current quarter, -$0.01 for the next quarter and $0.23 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.04 while analysts give the company a high EPS estimate of -$0.02. Comparatively, EPS for the current quarter was -$0.11 a year ago. Earnings per share for the fiscal year are expected to increase by 79.57%, and 596.54% over the next financial year.

Looking at the support for the CDE, a number of firms have released research notes about the stock. BMO Capital Markets stated their Market Perform rating for the stock in a research note on November 03, 2023, with the firm’s price target at $2.75. RBC Capital Mkts coverage for the Coeur Mining Inc (CDE) stock in a research note released on September 22, 2023 offered a Outperform rating with a price target of $4. Canaccord Genuity was of a view on July 24, 2023 that the stock is Buy, while National Bank Financial gave the stock Outperform rating on June 28, 2023, issuing a price target of $4.25. Canaccord Genuity on their part issued Hold rating on January 19, 2023.

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