COEUR MINING INC (NYSE:CDE) – A Strong Growth Candidate Meeting Minervini’s Criteria

COEUR MINING INC (NYSE:CDE) has emerged as a compelling candidate for growth investors, meeting both Mark Minervini’s Trend Template and high-growth momentum criteria. The stock exhibits strong technical trends and accelerating fundamentals, making it worth a closer look.

Why CDE Fits the Minervini Trend Template

Minervini’s strategy focuses on stocks in strong uptrends with improving fundamentals. CDE meets all key technical criteria:

• Price Above Key Moving Averages:

  • Current price ($8.84) is above the 50-day ($7.52), 150-day ($6.62), and 200-day ($6.62) moving averages.
  • The 50-day MA is above both the 150-day and 200-day MAs, confirming bullish alignment.

• Upward-Trending Averages:

  • The 150-day and 200-day MAs are rising, reinforcing long-term strength.

• Strong Relative Strength:

  • CDE’s relative strength (94.12) indicates it outperforms 94% of all stocks, a key trait of market leaders.

• Price Near 52-Week High:

  • The stock is within 9% of its 52-week high ($9.69) and 93% above its 52-week low ($4.57), showing sustained momentum.

High Growth Momentum Fundamentals

Beyond technicals, CDE demonstrates accelerating growth:

• Earnings Growth:

  • EPS (TTM) grew 283% YoY, with recent quarterly EPS up 320%.
  • The last four quarters saw three earnings beats, averaging a 632.7% surprise.

• Revenue Expansion:

  • Revenue (TTM) increased 41.8% YoY, with recent quarterly sales up 69%.
  • Analysts have raised next-year revenue estimates by 10.5% over the past three months.

• Improving Profitability:

  • Profit margins expanded to 9.26% last quarter, up from 0.64% a year ago.
  • Free cash flow per share surged 118.5% YoY, reflecting stronger operational efficiency.

Technical Outlook

ChartMill’s technical report assigns CDE a perfect 10/10 rating, citing:

• A strong bull flag pattern, suggesting potential continuation.
• Support near $8.83, with resistance around $9.38–$9.47.
• High liquidity, with average daily volume of 16.3M shares.

For a deeper analysis, review the full technical report here.

Our High Growth Momentum + Trend Template screener lists more stocks with similar traits.

Disclaimer

This is not investment advice. Always conduct your own research and consider risk management before trading.