Gold Hits Record High As Central Banks Ease Stance: 5 Mining Stocks Rally
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 30 2025
0mins
Source: Benzinga
Gold Prices Surge: Gold has reached a new all-time high of over $2,790, driven by central bank actions and increased demand for safe-haven assets amid speculation of lower borrowing costs and potential U.S. tariffs.
Central Banks' Influence: Major central banks, including the Federal Reserve and Bank of Canada, are easing monetary policies, which is leading to a rush among central banks to buy gold, causing delays in withdrawals from the Bank of England.
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Analyst Views on CDE
Wall Street analysts forecast CDE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CDE is 21.86 USD with a low forecast of 16.00 USD and a high forecast of 25.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
5 Buy
2 Hold
0 Sell
Moderate Buy
Current: 21.260
Low
16.00
Averages
21.86
High
25.00
Current: 21.260
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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- Tech Stock Retreat: Following the release of an automation tool for lawyers by AI firm Anthropic, data service and software stocks retreated, with Thomson Reuters down over 17% and Intuit and FactSet both down more than 9%, reflecting a decline in investor confidence in the tech sector.
- Mining Stocks Surge: Gold prices rose by over 6% and silver prices soared by more than 13%, driving mining stocks higher, with Freeport McMoRan and Hecla Mining both up over 6%, indicating a rebound in investor demand for precious metals.
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- PayPal's Stock Plunge: PayPal Holdings saw its stock drop over 18%, significantly weighing on the Nasdaq 100, as its Q4 net revenue of $8.68 billion fell short of the $8.79 billion consensus, coupled with a CEO change that may impact investor confidence.
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- Return and Risk Assessment: As of January 30, 2026, SIL's one-year return stands at 167.4%, compared to IAU's 72.9%, suggesting higher potential returns for SIL, but its maximum drawdown of -55.63% highlights greater risk, necessitating careful consideration of risk versus reward by investors.
- Portfolio Composition: SIL exclusively invests in silver mining companies, holding 41 firms including Wheaton Precious Metals and Pan American Silver, which makes its performance susceptible to individual company factors, whereas IAU directly tracks gold prices, offering more stable investment returns.
- Market Liquidity and Investment Strategy: IAU boasts $79.7 billion in assets under management, representing a highly liquid way to invest in gold, while SIL's $6.3 billion in assets indicates lower liquidity, prompting investors to consider their investment goals and risk tolerance when making choices.
See More
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- Gold Price Recovery: Spot gold prices rose approximately 5.5% to $4,921.29 per ounce, while futures in New York gained over 6%, indicating a gradual restoration of market confidence that may attract more investors back into the gold market.
- Silver Price Surge: Spot silver prices increased by over 9% to settle at $86.70 per ounce, with futures up 12%, reflecting strong ongoing demand for silver despite short-term volatility, as long-term demand prospects remain positive.
- Mining Stocks Rally: Mining stocks and ETFs globally saw significant gains, with the Stoxx 600 Basic Resources index in Europe rising over 2%, suggesting a rebound in investor confidence towards mining companies, which could lead to increased capital inflows into the sector.
- Market Outlook Analysis: Deutsche Bank analysts noted that despite the recent volatility in gold and silver prices raising market concerns, the overall investment rationale remains intact, with expectations that gold and silver prices will continue to be supported by geopolitical and policy uncertainties.
See More
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- Price Fluctuation Analysis: The XME ETF has a 52-week low of $45.89 and a high of $135.6764, with the last trade at $118.88, indicating significant volatility over the past year that may influence investor decisions and market sentiment.
- Technical Analysis Tool: Comparing the current share price to the 200-day moving average provides valuable insights for investors, helping them assess market trends and identify potential buy or sell opportunities.
- ETF Unit Trading Mechanism: ETFs trade similarly to stocks, where investors buy and sell 'units' that can be created or destroyed based on demand, impacting the ETF's liquidity and market performance.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in shares outstanding helps identify notable inflows (new units created) or outflows (old units destroyed), which can affect the performance of individual stocks within the ETF and overall market dynamics.
See More
