Coeur Mining Inc. (NYSE:CDE) shares fell to a low of $5.44 before closing at $5.62. Intraday shares traded counted 2.57 million, which was 64.59% higher than its 30-day average trading volume of 7.25M. CDE’s previous close was $5.70 while the outstanding shares total 240.26M. The firm has a beta of 1.63. The stock’s Relative Strength Index (RSI) is 65.81, with weekly volatility at 10.88% and ATR at 0.43. The CDE stock’s 52-week price range has touched low of $1.98 and a $8.29 high. The stock traded lower over the last trading session, losing -1.40% on 05/21/20.
Investors have identified the Gold company Coeur Mining Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.18 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Coeur Mining Inc. (CDE) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For CDE, the company has in raw cash 52.9 million on their books with 23.59 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 221659000 million total, with 138136000 million as their total liabilities.
CDE were able to record -30.2 million as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by -2.96 million. In cash movements, the company had a total of -7.99 million as operating cash flow.
Potential earnings growth for Coeur Mining Inc. (CDE)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Coeur Mining Inc. recorded a total of 173.17 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 10.57% coming in sequential stages and their sales for the third quarter reducing by -12.63%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 118.92 million trying to sell their products during the last quarter, with the result yielding a gross income of 54.25 million. This allows shareholders to hold on to 240.26M with the revenue now reading 0.00 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (-0.03 cents a share).
Having a look at the company’s valuation, the company is expected to record -0.25 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on CDE sounds very interesting.
Is the stock of CDE attractive?
In related news, VP, Corporate Controller & CAO, Watkinson Kenneth J sold 3,805 shares of the company’s stock in a transaction that recorded on May 21. The sale was performed at an average price of 5.51, for a total value of 20,973. As the sale deal closes, the Chairman (non-executive), MELLOR ROBERT E now bought 1,000 shares of the company’s stock, valued at 3,575. Also, SVP, Operations, Smith Terrence F. bought 12,000 shares of the company’s stock in a deal that was recorded on Mar 16. The shares were price at an average price of 2.06 per share, with a total market value of 24,720. Following this completion of acquisition, the Director, Sandoval Brian E now holds 1,130 shares of the company’s stock, valued at 2,458. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.50%.
5 out of 10 analysts covering the stock have rated it a Buy, while 5 have maintained a Hold recommendation on Coeur Mining Inc.. 0 analysts has assigned a Sell rating on the CDE stock. The 12-month mean consensus price target for the company’s shares has been set at $5.94.