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An Analysis of Coeur Mining Inc (CDE)’s Potential Price Growth

Coeur Mining Inc’s recently made public that its Director Edwards Sebastian unloaded Company’s shares for reported $0.1 million on May 07 ’24. In the deal valued at $5.08 per share,20,000 shares were sold. As a result of this transaction, Edwards Sebastian now holds 103,100 shares worth roughly $0.65 million.

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Then, Watkinson Kenneth J sold 44,000 shares, generating $213,620 in total proceeds. Upon selling the shares at $4.86, the VP, Corporate Controller & CAO now owns 140,719 shares.

Before that, McGrath Aoife bought 6,200 shares. Coeur Mining Inc shares valued at $20,020 were divested by the SVP, Exploration at a price of $3.23 per share. As a result of the transaction, McGrath Aoife now holds 207,308 shares, worth roughly $1.31 million.

BMO Capital Markets upgraded its Coeur Mining Inc [CDE] rating to an Outperform from a a Market perform in a research note published recently. A number of analysts have revised their coverage, including ROTH MKM’s analysts, who began to cover the stock in early April with a ‘”a Buy”‘ rating. RBC Capital Mkts revised its rating on September 22, 2023. It rated CDE as “an Outperform” which previously was an “a Sector perform”.

Price Performance Review of CDE

On Friday, Coeur Mining Inc [NYSE:CDE] saw its stock jump 5.70% to $6.30. Over the last five days, the stock has gained 12.70%. Coeur Mining Inc shares have risen nearly 93.25% since the year began. Nevertheless, the stocks have risen 125.81% over the past one year. While a 52-week high of $6.12 was reached on 07/05/24, a 52-week low of $2.00 was recorded on 02/28/24. SMA at 50 days reached $5.43, while 200 days put it at $3.58. A total of 6.74 million shares were traded, compared to the trading of 5.49 million shares in the previous session.

Levels Of Support And Resistance For CDE Stock

The 24-hour chart illustrates a support level at 6.11, which if violated will result in even more drops to 5.92. On the upside, there is a resistance level at 6.43. A further resistance level may holdings at 6.56. The Relative Strength Index (RSI) on the 14-day chart is 64.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 6.90%. Stochastics%K at 84.11% indicates the stock is a selling.

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