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Wednesday, September 30, 2020

Coeur Mining Inc. (NYSE:CDE) Finding Strong Support

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The Coeur Mining Inc. (CDE) shares are trading at higher $6.31 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $6.92.

To add more color to this target, the company’s high over the last year is $8.29 and the low is $1.98. Over the last 52 weeks, CDE is down -23.88% while the S&P 500 is up 0.29%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, CDE reported a profit of $54.25 million. Coeur Mining Inc. also saw revenues increase to $173.17 million. In addition, CDE has free cash flow of -$30.2 million as of 03-2020. The company’s EBITDA came in at $35.24 million which compares well with its peers.

CDE booked profit margins of -45.80%, its Return on Equity (ROE) is -43.00%, and its Return on Assets is -21.90%. All told, it is clear that, CDE needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. CDE has a short ratio of 0.76 and outstanding shares of 240.26M.

Company Outlook

CDE has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 7.73 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.42. Coeur Mining Inc. CDE also noted assets of $1.35 billion at the end of the last quarter. Investors should also keep an eye on sector updates as CDE has historically followed its peers on positive news.

All told, Coeur Mining Inc. CDE has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CDE represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Coeur Mining Inc. CDE is now commanding a market cap of 1.44B and a float of 239.93M. CDE is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of CDE stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in CDE, either long or short, and we have not been compensated for this article.

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