Large Inflow of Money Witnessed in Coeur Mining

Coeur Mining (CDE) : Coeur Mining (CDE) had a healthy money flow of $2.4 million into the stock during the Thursdays trading session. The value of bullish trades on upticks was $11.27 million, whereas, investors only sold shares worth $8.87 million on downticks. The stock closed the day with an up-down ratio of 1.27.The money flow in the block trades to the tune of $1.34 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $2.35 million worth of transactions were on upticks. A paltry $1.01 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 2.32. Coeur Mining (CDE) stock slid $0.4 intraday and traded at 11.8, a change of -3.28% over previous days close. However, for the week, the company shares are 4.8% compared to previous weeks close.


Coeur Mining (CDE) : Currently there are 6 street experts covering Coeur Mining (CDE) stock. The most bullish and bearish price target for the stock is $14 and $4 respectively for the short term. The average price target of all the analysts comes to $9.29. The estimated standard deviation from the target is $3.91. The stock has recorded a 20-day Moving Average of 20.94% and the 50-Day Moving Average is 37.75%.

Coeur Mining (NYSE:CDE): The stock opened at $12.03 on Thursday but the bulls could not build on the opening and the stock topped out at $12.06 for the day. The stock traded down to $11.56 during the day, due to lack of any buying support eventually closed down at $11.80 with a loss of -3.28% for the day. The stock had closed at $12.20 on the previous day. The total traded volume was 5,178,237 shares.

Coeur Mining, Inc. (Coeur) is a silver producer. The Company has gold production and mines located in the United States, Mexico and Bolivia; a silver interest in Australia, and exploration projects in Mexico and Argentina. The Companys segments include Palmarejo, San Bartolome, Rochester, Kensington, La Preciosa and Coeur Capital. The Palmarejo surface and underground silver and gold mine, owned and operated by Coeur Mexicana, is located in the state of Chihuahua, Mexico. The San Bartolome silver mine, operated by Manquiri, is located on the flanks of the Cerro Rico Mountain. The Rochester mine is an open pit silver and gold mine located in Pershing County, Nevada. The Kensington underground gold mine is located on the east side of the Lynn Canal. La Preciosa is an advanced-stage silver and gold exploration project located around 52 miles northeast of the city of Durango in Durango State, Mexico. Coeur Capital holds the Endeavor silver stream and other precious metals royalties.

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