Sunday, June 26, 2022

The Potential Rise in the Price of Coeur Mining Inc. (CDE) following insiders activity

Coeur Mining Inc.’s recently made public that its Chairman (non-executive) MELLOR ROBERT E acquired Company’s shares for reported $4507.0 on Mar 01. In the deal valued at $4.51 per share,1,000 shares were bought. As a result of this transaction, MELLOR ROBERT E now holds 206,019 shares worth roughly $ 0.73 million.


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Then, Routledge Michael bought 11,760 shares, generating $50,086 in total proceeds. Upon buying the shares at $4.26, the SVP & Chief Operating Officer now owns 189,128 shares.

Before that, Whelan Thomas S bought 10,000 shares. Coeur Mining Inc. shares valued at $42,490 were divested by the SVP & CFO at a price of $4.25 per share. As a result of the transaction, Whelan Thomas S now holds 406,683 shares, worth roughly $1.44 million.

Taking this into account, Canaccord Genuity downgraded its Coeur Mining Inc. [CDE] rating to a Hold from a a Buy in a research note published on Tuesday. PT values the company’s stock at a premium of 25.47 to its Tuesday closing price. A number of analysts have revised their coverage, including Noble Capital Markets’s analysts, who increased its forecast for the stock in late January from “a Market perform” to “an Outperform”. Canaccord Genuity revised its rating on April 30, 2021. It rated CDE as “a Buy” which previously was an “a Speculative buy”.

Price Performance Review of CDE

On Tuesday, Coeur Mining Inc. [NYSE:CDE] saw its stock jump 3.51% to $3.54. On the same session, the stock had its day’s lowest price of $3.365, but rose to a high of $3.66. Over the last five days, the stock has gained 1.14%. Coeur Mining Inc. shares have fallen nearly -29.76% since the year began. Nevertheless, the stocks have fallen -61.73% over the past one year. While a 52-week high of $9.93 was reached on 01/20/22, a 52-week low of $3.01 was recorded on 05/12/22. SMA at 50 days reached $3.95, while 200 days put it at $5.13. A total of 5.14 million shares were traded, compared to the trading of 7.61 million shares in the previous session.

Levels Of Support And Resistance For CDE Stock

The 24-hour chart illustrates a support level at 3.38, which if violated will result in even more drops to 3.23. On the upside, there is a resistance level at 3.68. A further resistance level may holdings at 3.82. The Relative Strength Index (RSI) on the 14-day chart is 44.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.88%. Stochastics %K at 20.34% indicates the stock is a holding.

Coeur Mining Inc. [CDE] – Who Are The Largest Shareholders?

In filings from SSgA Funds Management, Inc., it is revealed that the company now owns 27,794,163 shares, or roughly 9.90% of the outstanding CDE shares. In other words, the investor’s shares have risen by 10,035,506 from its previous 13-F filing of 17758657.0. Additionally, Van Eck Associates Corp. increased 7.45% of its stake after which the total value it holdings stand at $93,018,267, while The Vanguard Group, Inc. added 0.87% of its stake to hold $86.29 million in the firm. Over the last quarter, BlackRock Fund Advisors purchased 334,480 shares of Coeur Mining Inc., while Baker Steel Capital Managers LLP bought 1,856,000 shares. At present, Dimensional Fund Advisors LP is holding 8,632,842 shares valued at $33.58 million. Global X Management Co. LLC owned 5,440,726 shares of the company at the time of its most recent 13F filing, worth $21.16 million.

According to FactSet, Coeur Mining Inc.’s share price will average $5.66 in the next year, based on opinions of analysts polled by the firm. This is up nearly 60.82 percent from its previous closing price of $3.42. Analysts expect Coeur Mining Inc. stock to reach the higher price of $6.50, while the lowest price estimate is $4.75. However, 8 analysts have rated CDE stock as an Overweight in their predictions for 2022.

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