The Case for and Against Coeur Mining, Inc. (CDE)

Coeur Mining, Inc. (CDE) is an interesting player in the Basic Materials space, with a focus on Silver. The stock has been active on the tape, currently trading at $7.50, down from yesterday’s close by -0.66%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Coeur Mining, Inc. (CDE) currently trades with a market capitalization of $1.40 Billion. That value represents a market adjusting for revenues that have been falling by -0.16 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $18.61 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $0.05 on a per share basis this quarter. Perhaps, that suggests something about why 1.84% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how CDE has been acting. Looking at the stock’s movement on the chart, Coeur Mining, Inc. recorded a 52-week high of $12.30. It is now trading 4.8% off that level. The stock is trading $7.51 its 50-day moving average by 0.0099999999999998%. The stock carved out a 52-week low down at $6.71.

In recent action, Coeur Mining, Inc. (CDE) has made a move of -1.57% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 19.03, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 6.55% with $183.71 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of CDE.

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