Coeur Mining, Inc. (CDE) Traders Should Start Listening to Analysts

 

Coeur Mining, Inc. (CDE) shares saw a recent bid of $9.74 and 2.68M shares have exchanged hands in the recent trading session, yielding a 4.96% gain over the past week. The stock price increased 0.62% or $-0.06 versus $9.68 at the end of the prior session. This change led market cap to move at $1.75B, putting the price -40.63% below the 52-week high and 33.42% above the 52-week low. The company’s stock has a normal trading capacity of 3.58M shares while the relative volume is 0.75.

To stay one step ahead we extended our research by comparing different price targets. The stock notched a 12-month high of $12.40 while $15.00 target is by far the most aggressive out of analysts who are currently evaluating the company, $2.6 higher than the next highest 52-week price estimate. The lowest 12-month price target for the shares is $9.00, which would be decrease of about -8% of its current value. The mean target of $13.00 should be compared with the price when the stock was languishing around $7.30 a share. And it remains to be seen which target price CDE can achieve without sacrificing much as the company is holding a 17.07% gain for the past twelve months.

By historical standards, Coeur Mining, Inc. remains a cheap stock. The company’s current price-earnings ratio amounts to 17.12 times earnings, below the average P/E ratio of 91.63 times earnings. For now, Coeur Mining, Inc. is the toast of Wall Street as its ABR stands at 2.30 with 0 out of 7 analysts rating the stock a buy. Over the short term, some market observers may have noticed that Coeur Mining, Inc. has a 5.50% short float with 15 days to cover. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Coeur Mining, Inc. has far performed well this year, with the share price up 7.15% since January. Over the past 2 quarters, the stock is down -8.37%, compared with a gain of nearly 29.87% for 3 months and about 12.21% for the past 30 days.

Last time, the company failed Wall Street by reporting EPS of $0.04, smashing the consensus of $0.08 per share. Revenue for the quarter also killed consensus, coming in at $206.14M, compared to the consensus of 204.4M. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.02. The company is expected to report EPS as high as $0.04 and as low as $0.00 per share. Similarly, full-year EPS forecasts have ranged between $0.09 and $0.57. The mean EPS estimate is $0.23. On the other side, sales forecasts for the current quarter are $199.8M. The stock is expected to report revenue as high as $199.8M and as low as $199.8M per share. Similarly, full-year sales forecasts have ranged between $747M and $829.7M. The mean revenue estimate is $789.46M.

Over the last 5 years, Coeur Mining, Inc. has averaged a -20.10% YoY EPS growth rate and a -8.20% revenue growth rate. Analysts are expecting EPS growth rates to be at 112.00% this quarter and EPS estimate for next year reflect 155.79% growth rate.

Sell-side analysts also have something to say about this company. RBC Capital Mkts analysts stated on 18/11/2016 that they maintained their Outperform rating. Deutsche Bank raised its rating on Coeur Mining, Inc. to Hold on 03/10/2016 in a reversal from its prior Sell rating. CIBC raised its rating on Coeur Mining, Inc. to Sector Perform on 30/08/2016 in a reversal from its prior Sector Underperform rating. RBC Capital Mkts raised its rating on Coeur Mining, Inc. to Outperform on 14/07/2016 in a reversal from its prior Sector Perform rating.

Coeur Mining, Inc. (CDE) Traders Should Start Listening to Analysts was last modified: June 8th, 2017 by Tiller Blare
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