Stock Upgrades: Coeur Mining Shows Rising Relative Strength

Talk about being in the right place at the right time! Coeur Mining has racked up outstanding profit and sales numbers this past year despite the pandemic. And as the nascent recovery from Covid takes hold, mining companies are among sectors gaining strength. And on Tuesday, the Relative Strength (RS) Rating for Coeur Mining (CDE) climbed to a new percentile, as it got a lift to 74, up from 61 the day before.


The 74 RS Rating means that Coeur Mining has outperformed 74% of all stocks on key metrics over the past year. Decades of market research shows that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating in the early stages of their moves. See if Coeur Mining can continue to rebound and clear that threshold.

Coeur Mining is engaged in exploration and mining of gold and silver in the U.S., Mexico and South America.

Among other performance ratings, Chicago-based Coeur Mining has an 82 Composite Rating, of a possible 99. The Street has taken notice of its rapid growth and it has a B Accumulation/Distribution Rating, pointing to moderate buying of its stock by institutions.

Regarding its fundamentals, Coeur Mining reported 700% earnings growth in its most recent report, to 6 cents per share. Sales grew 17% to $202.1 million. The dollars and cents figures aren’t all that impressive, but its growth rate is.

In the prior three quarters, Coeur’s EPS grew 109%, 900%-plus and 900%-plus. During that same period, it reported a 5% decline in sales in the quarter ending June 2020, then reversed to 15% growth and then 17%.

The company earns the No. 8 rank among its peers in the Mining-Gold/Silver/Gems industry group. Newmont (NEM) and Sibanye Gold ADR (SBSW) are also among the group’s highest-rated stocks.

See How IBD Helps You Make More Money In Stocks

While Coeur Mining is not near a proper buy point right now, see if it manages to form and break out from a proper consolidation.

When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.

This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock’s price performance over the last 52 weeks matched up against all other stocks.


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