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What Makes Coeur Mining (CDE) a Strong Momentum Stock: Buy Now?
Coeur MiningCoeur Mining(US:CDE) ZACKSยท2024-10-22 17:06

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, leveraging established price movements for profitable trades [1] Company Overview: Coeur Mining (CDE) - Coeur Mining currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance in the market [2][5] - The stock has seen significant price increases, with shares up 11.11% over the past week and 16.1% over the past quarter, while gaining 178.38% in the last year [3] - The average 20-day trading volume for CDE is 9,760,810 shares, which is considered a bullish indicator when combined with rising stock prices [4] Earnings Outlook - Over the past two months, one earnings estimate for CDE has increased, raising the consensus estimate from $0.08 to $0.11, with two upward revisions for the next fiscal year and no downward revisions [5]