Coeur Mining (CDE) Highlighted As Weak On High Volume
Trade-Ideas LLC identified
(
) as a weak on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Coeur Mining as such a stock due to the following factors:
- CDE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $36.9 million.
- CDE has traded 3.2 million shares today.
- CDE is trading at 2.64 times the normal volume for the stock at this time of day.
- CDE is trading at a new low 3.07% below yesterday's close.
'Weak on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as material stock news, analyst downgrades, insider selling, selling from 'superinvestors,' or that hedge funds and traders are piling out of a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize (or avoid losses by trimming weak positions). In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.
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More details on CDE:
Coeur Mining, Inc. owns, operates, explores for, and develops silver and gold properties. Currently there are 2 analysts that rate Coeur Mining a buy, 2 analysts rate it a sell, and 4 rate it a hold.
The average volume for Coeur Mining has been 4.2 million shares per day over the past 30 days. Coeur has a market cap of $1.2 billion and is part of the basic materials sector and metals & mining industry. The stock has a beta of 0.60 and a short float of 9% with 3.03 days to cover. Shares are up 241.9% year-to-date as of the close of trading on Friday.
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Analysis:
rates Coeur Mining as a
. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and poor profit margins.
Highlights from the ratings report include:
- The debt-to-equity ratio of 1.26 is relatively high when compared with the industry average, suggesting a need for better debt level management. Regardless of the company's weak debt-to-equity ratio, CDE has managed to keep a strong quick ratio of 1.97, which demonstrates the ability to cover short-term cash needs.
- The gross profit margin for COEUR MINING INC is currently lower than what is desirable, coming in at 28.56%. Regardless of CDE's low profit margin, it has managed to increase from the same period last year.
- The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Metals & Mining industry and the overall market, COEUR MINING INC's return on equity significantly trails that of both the industry average and the S&P 500.
- Despite the weak revenue results, CDE has significantly outperformed against the industry average of 43.5%. Since the same quarter one year prior, revenues slightly dropped by 3.0%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
- Net operating cash flow has significantly increased by 266.59% to $6.62 million when compared to the same quarter last year. In addition, COEUR MINING INC has also vastly surpassed the industry average cash flow growth rate of -39.58%.
- You can view the full Coeur Mining Ratings Report.
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