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Coeur Mining Inc (CDE) Becoming More Attractive for Investors

Coeur Mining Inc’s recent filing unveils 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 $-0.66 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 $1.33 million.

Cantor Fitzgerald downgraded its Coeur Mining Inc [CDE] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who increased its forecast for the stock in early May from “a Market perform” to “an Outperform”. ROTH MKM began covering CDE with “Buy” recommendation on April 09, 2024.

Price Performance Review of CDE

On Monday, Coeur Mining Inc [NYSE:CDE] saw its stock jump 0.63% to $6.43. Over the last five days, the stock has gained 3.88%. Coeur Mining Inc shares have risen nearly 97.24% since the year began. Nevertheless, the stocks have risen 187.05% over the past one year. While a 52-week high of $7.72 was reached on 09/25/24, a 52-week low of $2.00 was recorded on 02/28/24. SMA at 50 days reached $6.27, while 200 days put it at $4.86.

Levels Of Support And Resistance For CDE Stock

The 24-hour chart illustrates a support level at 6.32, which if violated will result in even more drops to 6.21. On the upside, there is a resistance level at 6.50. A further resistance level may holdings at 6.57. The Relative Strength Index (RSI) on the 14-day chart is 47.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.33%. Stochastics %K at 22.29% indicates the stock is a holding.

How much short interest is there in Coeur Mining Inc?

A steep rise in short interest was recorded in Coeur Mining Inc stocks on 2024-09-30, dropping by -2.57 million shares to a total of 17.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 19.84 million shares. There was a decline of -14.9%, which implies that there is a negative sentiment for the stock.

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