Coeur Mining, Inc. (CDE) Stock: Worthy of a Trade, Wary of an Investment

The stock of Coeur Mining, Inc. (NYSE:CDE) has been Downgraded to Hold from Buy by Canaccord Genuity in its latest research note that was published on August 09. ROTH Capital analysts have downgraded their rating of CDE stock from Buy to Neutral in a separate flash note to investors on August 07

Coeur’s stock is covered by 8 analysts, with 1 of them rating the stock as Buy. It has been deemed to have strong buy by 6 of the analysts, 1 of them have rated it as a Hold while none of them rated it as sell. The situation was different a month ago when the stock was rated as a Buy by only 1 analysts. 7 of them rated it as strong buy with none of them recommended investors to Hold on to the stock. Meanwhile, none analyst(s) rated it as a sell. The above data shows that CDE has an average analyst rating of 2.00.

Coeur Mining, Inc., which has current market capitalization of above $1 Billion, published its last quarter earnings on June 30, 2019. The company was able to amass $162.12 million in revenue. This figure is $1.56 million more than what analysts had expected which was $163.68 million. During the first quarter of the year, Coeur also recorded $-0.11 earnings per share (EPS) which is $0 above the $-0.11 estimated by Thomson Reuter’s analyst, leading to a surprise factor of -1.29%.

CDE surged by $0.19 during the normal trading session on Tuesday and reaching a high of $5.67 during the day while it closed the day at $5.29. The Coeur stock had a high trading volume of 8.84 million shares on that day, which is high compared to the average daily volume of 6.06M shares. CDE has also gained 3.12% of its value over the past 7 days. However, the stock has surged by 66.35% in the 3 months of the year. Over the past six months meanwhile, it has gained 4.96% while it has added 18.34% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -8.79% from its 3 months high price. However, taking another look at CDE will indicate that it is trading +90.29% away from its 90-day low. Looking at the bigger picture, the Coeur Mining, Inc. stock has dropped by -13.98% from its 52-week high while it has surged by +90.29% from its 52-week low price.

On August 05, 2019 Nault Casey M., SVP & General Counsel sold 30000 shares of the company. The average price for that transaction was $5.01 per share, which meant that Nault Casey M. earned $150300 selling the stocks. The sale was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with SVP & CFO, Whelan Thomas S purchasing 25000 shares of this stock on May 31, 2019. The average purchasing price for the stock was $2.84 per share, with the purchased stock accruing $71000. Following this transaction, the SVP & CFO Whelan Thomas S now holds 18087 shares of the company, which is worth around $99116.76.

Coeur has around 38 Billion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $210 Billion. The Coeur stock is bringing in revenue of over 12 months, which is roughly 30 Billion. Despite all that, Coeur Mining, Inc. is seeing things declining very much as their y-o-y quarterly revenue dropped by -51.13%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 81.79%. This figure is better than the company’s 20-day Raw Stochastic average which currently stands at 62.5%. Over the past 20 days, Coeur’s Stochastic %K stood at 75% while its Stochastic %D was revealed to be 81.81%.