Let’s look at the key reasons that are pushing Coeur Mining Inc (CDE) to new highs

Coeur Mining Inc (NYSE: CDE) kicked off on Monday, up 2.02% from the previous trading day, before settling in for the closing price of $5.44. Over the past 52 weeks, CDE has traded in a range of $2.00-$6.82.

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During the last 5-year period, the sales growth of Basic Materials Sector giant was 5.59%. While this was happening, its average annual earnings per share was recorded 136.75%. With a float of $393.05 million, this company’s outstanding shares have now reached $399.25 million.

Let’s determine the extent of company efficiency that accounts for 2074 employees.

Coeur Mining Inc (CDE) Breakdown of a Key Holders of the stock

Our next focus will be how large-scale investors are participating in this stock of the Gold Industry. The insider ownership of Coeur Mining Inc is 1.55%, while institutional ownership is 76.20%. The most recent insider transaction that took place on May 07 ’24, was worth 101,600. In this transaction Director of this company sold 20,000 shares at a rate of $5.08, taking the stock ownership to the 103,100 shares. Before that another transaction happened on May 03 ’24, when Company’s VP, Corporate Controller & CAO sold 44,000 for $4.86, making the entire transaction worth $213,620. This insider now owns 140,719 shares in total.

Coeur Mining Inc (CDE) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around 136.75% per share during the next fiscal year.

Coeur Mining Inc (NYSE: CDE) Trading Performance Indicators

Take a look at Coeur Mining Inc’s (CDE) current performance indicators. Last quarter, stock had a quick ratio of 0.45. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.56.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.20, a number that is poised to hit 0.07 in the next quarter and is forecasted to reach 0.40 in one year’s time.

Technical Analysis of Coeur Mining Inc (CDE)

Looking closely at Coeur Mining Inc (NYSE: CDE), its last 5-days average volume was 5.84 million, which is a drop from its year-to-date volume of 7.19 million. As of the previous 9 days, the stock’s Stochastic %D was 42.94%. Additionally, its Average True Range was 0.38.

During the past 100 days, Coeur Mining Inc’s (CDE) raw stochastic average was set at 66.93%, which indicates a significant increase from 43.75% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 64.53% in the past 14 days, which was lower than the 68.82% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $5.89, while its 200-day Moving Average is $4.08. However, in the short run, Coeur Mining Inc’s stock first resistance to watch stands at $5.67. Second resistance stands at $5.79. The third major resistance level sits at $5.97. If the price goes on to break the first support level at $5.36, it is likely to go to the next support level at $5.18. Now, if the price goes above the second support level, the third support stands at $5.06.

Coeur Mining Inc (NYSE: CDE) Key Stats

The company with the Market Capitalisation of 2.22 billion has total of 399,321K Shares Outstanding. Its annual sales at the moment are 821,210 K in contrast with the sum of -103,610 K annual income. Company’s last quarter sales were recorded 213,060 K and last quarter income was -29,120 K.