Gold Prices Rebound, Coeur Mining Stock Plummets
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy CDE?
Source: NASDAQ.COM
- Gold Price Fluctuations: Since the day before the Iran war began, gold prices have dropped 13%, falling from $5,248 per ounce to $4,560.80 today, reflecting market uncertainty and investor demand for safe-haven assets.
- Coeur Mining's Poor Performance: Coeur Mining's stock has plummeted 37% over the past month, and despite its current P/E ratio of only 18.6, analysts believe it is nearing the peak of its earnings cycle, leading to uncertain growth prospects.
- Analysts Optimistic on Gold Outlook: Wells Fargo forecasts that gold prices could reach between $6,100 and $6,300 per ounce by 2026, suggesting that the current depressed gold stock prices present a
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Analyst Views on CDE
Wall Street analysts forecast CDE stock price to rise
7 Analyst Rating
5 Buy
2 Hold
0 Sell
Moderate Buy
Current: 17.130
Low
16.00
Averages
21.86
High
25.00
Current: 17.130
Low
16.00
Averages
21.86
High
25.00
About CDE
Coeur Mining, Inc. is a diversified precious metals producer. The Company has five wholly owned operations: the Las Chispas silver-gold mine in Sonora, Mexico, the Palmarejo gold-silver complex in Chihuahua, Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska and the Wharf gold mine in South Dakota. In addition, the Company wholly owns the Silvertip polymetallic critical minerals exploration project in British Columbia. The Las Chispas Operation is located approximately 180 kilometers (km) northeast of Hermosillo, Sonora, Mexico. The Palmarejo complex consists of the Palmarejo processing facility, three underground mines, exploration targets and a campsite. The Rochester mine is an open pit, heap leach silver-gold operation, located in Pershing County, Nevada. The Kensington mine is an underground gold operation located in southeast Alaska. Wharf is an open pit, heap leach gold operation located in the northern Black Hills of western South Dakota.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Market Reaction: Coeur Mining's stock surged 6.89% to $17.29 amid the rebound in gold prices, reflecting investor optimism regarding the company's future profitability, especially as gold prices are expected to return to historical highs.
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- Coeur Mining's Poor Performance: Coeur Mining's stock has plummeted 37% over the past month, and despite its current P/E ratio of only 18.6, analysts believe it is nearing the peak of its earnings cycle, leading to uncertain growth prospects.
- Analysts Optimistic on Gold Outlook: Wells Fargo forecasts that gold prices could reach between $6,100 and $6,300 per ounce by 2026, suggesting that the current depressed gold stock prices present a
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- Gold Price Rebound: After a month of decline, gold prices increased by 4% this morning, rising from $4,560.80 per ounce, indicating a gradual recovery in market confidence that could positively impact Coeur Mining's performance.
- Market Reaction: Coeur Mining's stock surged 6.89% to $17.29 amid the rebound in gold prices, reflecting investor optimism regarding the company's future profitability, especially as gold prices are expected to return to historical highs.
- Analyst Insights: Wells Fargo forecasts that gold prices could reach between $6,100 and $6,300 per ounce by 2026, suggesting that the current depressed gold stock prices present a
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- Gold Price Fluctuations: Since the day before the Iran war began, gold prices have dropped 13%, falling from $5,248 per ounce to $4,560.80 today, reflecting market uncertainty and investor demand for safe-haven assets.
- Coeur Mining's Poor Performance: Coeur Mining's stock has plummeted 37% over the past month, and despite its current P/E ratio of only 18.6, analysts believe it is nearing the peak of its earnings cycle, leading to uncertain growth prospects.
- Analysts Optimistic on Gold Outlook: Wells Fargo forecasts that gold prices could reach between $6,100 and $6,300 per ounce by 2026, suggesting that the current depressed gold stock prices present a
See More
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- Market Weakness: The S&P 500 index fell by 1.74%, the Dow Jones Industrial Average dropped by 1.01%, and the Nasdaq 100 hit a 6.5-month low, reflecting investor concerns about future economic prospects amid rising oil prices.
- Surging Oil Prices: WTI crude oil prices surged over 4% due to reports of potential military action against Iran by the Pentagon, which heightened inflation expectations and increased pressure on the stock market.
- Strong Labor Market Data: Initial jobless claims rose by 5,000 to 210,000, in line with expectations, while continuing claims fell by 32,000 to a 1.75-year low of 1.819 million, indicating labor market strength that could influence Federal Reserve policy.
- International Economic Impact: The OECD raised its G-20 inflation forecast for 2026 to 4.0%, reflecting the potential global economic impact of the Iran war, with increasing market concerns about escalating tensions in the Middle East that could disrupt global supply chains.
See More
Sprott Silver ETF Underperforms with 5.8% Drop
- ETF Performance: The Sprott Silver Miners & Physical Silver ETF dropped approximately 5.8% in Thursday afternoon trading, indicating a weak market performance that could undermine investor confidence and lead to capital outflows.
- Weak Stock Components: Among the ETF's components, Coeur Mining saw a decline of about 8%, while Americas Gold and Silver fell by approximately 7.3%, reflecting negative sentiment towards these companies in the market.
- Market Implications: The overall decline of the ETF may trigger broader concerns regarding the silver mining sector, prompting investors to reassess their allocations within precious metal portfolios.
- Investor Sentiment: As market volatility increases, investors may adopt a cautious stance towards the future performance of silver mining ETFs, potentially impacting their liquidity and market appeal.
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- Oil Price Surge Pressures Markets: Amid escalating uncertainty regarding Iran, WTI crude oil prices rose over 3%, contributing to a 0.64% drop in the S&P 500, a 0.16% decline in the Dow Jones, and a 1.05% fall in the Nasdaq 100, indicating market sensitivity to geopolitical risks.
- Strong Labor Market Data: Initial jobless claims in the US rose by 5,000 to 210,000, aligning with expectations, while continuing claims fell by 32,000 to a 1.75-year low of 1.819 million, suggesting a robust labor market that could influence a hawkish stance from the Fed.
- OECD Raises Inflation Forecast: The OECD increased its G-20 inflation forecast for 2026 from 2.8% to 4.0%, reflecting the potential economic impact of the Iran conflict, which may heighten investor concerns about future economic growth.
- Chip Makers Under Pressure: A new compression technique proposed by Google researchers, which could reduce memory requirements for AI workloads, has led to declines of over 5% in several chip manufacturers' stocks, further exacerbating overall market weakness.
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