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.
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.
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
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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