COEUR MINING, INC.

CDE
Delayed Quote. Delayed  - 05/13 04:10:00 pm
8.76USD -2.34%

Coeur Mining, Inc. : A good level to buy

05/03/2021 | 11:43am
Tommy Douziech
Junior Analyst

Strategy published on : 05/03/2021 | 11:43

long trade
Live

Entry price : 8.76$
Target : 10.39$
Stop-loss : 7.9$
Potential : 18.61%

The technical support around 8 USD emanating from daily closing prices could trigger a technical rebound for Coeur Mining, Inc. shares.
Investors have an opportunity to buy the stock and target the $ 10.39.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● Graphically speaking, the timing seems perfect for purchasing the stock close to the USD 6.84 support.

● The company returns high margins, thereby supporting business profitability.

● Considering the small differences between the analysts' various estimates, the group's business visibility is good.

● For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.

● The stock is in a well-established, long-term rising trend above the technical support level at 6.95 USD


Weaknesses

● The group usually releases earnings worse than estimated.

● The company's sales previsions for the coming years have been revised downwards, which foreshadows another slowdown in business.

● Analysts covering the stock have recently lowered their earnings forecast.

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