Thursday Sector Leaders: Precious Metals, Shipping Stocks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 12 2024
0mins
Should l Buy CDE?
Source: NASDAQ.COM
Shipping Stocks Performance: Shipping shares have shown relative strength, increasing by approximately 3.1%, with Armlogi Holding rising by about 17.4% and SEACOR Marine Holdings up by around 5.5% on Thursday.
Market Commentary: The views expressed in the article reflect the author's opinions and may not represent those of Nasdaq, Inc.
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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: 20.940
Low
16.00
Averages
21.86
High
25.00
Current: 20.940
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.
Coeur Mining Stock Fluctuates with Rising Gold and Silver Prices
- Gold Price Recovery: After a significant drop from an all-time high of $5,419.80 per ounce on January 28 to nearly $4,500, gold prices have rebounded above $5,000, currently at $5,015 per ounce, which has directly contributed to Coeur Mining's stock increase of 7.09%.
- Silver Price Fluctuations: Silver prices have also seen volatility, dropping from $116.58 per ounce on January 28 to $66, then bouncing back to $80, but fell nearly 10% yesterday; currently, silver is up 0.7% and approaching $78, further influencing Coeur Mining's market performance.
- Strong Free Cash Flow: Coeur Mining generated nearly $370 million in free cash flow over the past 12 months, backing 90% of its reported net earnings of $409 million, indicating financial health and attracting investor interest.
- Analyst Optimism: RBC Capital raised Coeur's price target to $26, citing the company's acquisition of New Gold and high free cash flow, with expectations of over $2.3 billion in free cash flow this year, enhancing investment appeal.
See More
Coeur Mining Stock Rises as Gold and Silver Prices Rebound
- Strong Cash Flow Outlook: Coeur Mining is projected to generate over $2.3 billion in free cash flow from gold and silver sales this year, which could push its price-to-free cash flow ratio below 6, indicating robust profitability in the current precious metals market.
- Volatile Gold and Silver Prices: After hitting an all-time high of $5,419.80 per ounce on January 28, gold prices have fluctuated significantly, currently rebounding to $5,015, while silver has similarly dropped from $116.58 to around $78, reflecting market uncertainty.
- Analyst Target Upgrade: RBC Capital has raised Coeur's price target to $26, primarily based on its strategic acquisition of New Gold and expectations for strong near-term free cash flow, signaling optimism about the company's future performance.
- Market Performance Fluctuations: Despite Coeur Mining's stock experiencing volatility over the past week, it has risen 7.1% today as gold and silver prices rebound, highlighting investor sensitivity to metal price movements and shifts in market sentiment.
See More
US Stocks Rise on Monday as Tech Stocks Rebound
- Market Recovery: The S&P 500 Index rose by 0.47% on Monday, with the Dow Jones Industrial Average hitting an all-time high, indicating a strong recovery in the market following rebounds in tech stocks and chipmakers, reflecting investor confidence in economic recovery.
- Precious Metals Surge: Mining stocks rallied as gold prices increased by 2% and silver surged over 6%, with Coeur Mining and Hecla Mining gaining more than 7% and 5% respectively, highlighting the positive impact of strong performance in the precious metals market on related stocks.
- Earnings Season Insights: More than half of S&P 500 companies have reported earnings, with 79% exceeding expectations, and Q4 earnings growth projected at 8.4%, which is likely to further boost market sentiment and enhance investor confidence.
- Economic Data Focus: The market will closely watch upcoming economic data releases, including the employment cost index and retail sales figures, which are expected to significantly influence future monetary policy and market trends.
See More
Coeur Mining Stock Jumps 7.2% Amid Rising Gold and Silver Prices
- Stock Recovery: Coeur Mining's stock surged 7.2% by 2:30 p.m. ET on Monday, bouncing back from a week of stagnation, and if it maintains this gain, it will return to trading levels seen on January 21, indicating market optimism about its future performance.
- Gold Price Surge: After hitting an all-time high of $5,419.80 per ounce on January 28, gold prices have rebounded, gaining about 2.3% today to surpass the psychological barrier of $5,000, which is expected to enhance Coeur Mining's profitability.
- Silver's Strong Performance: Silver prices rose 7.3% today, nearing $83.50 per ounce, outperforming gold and reflecting strong market demand for precious metals, which further benefits Coeur Mining's business outlook.
- Optimistic Earnings Forecast: Analysts predict that Coeur Mining's earnings in 2025 will be four times those of 2024, with a further doubling expected in 2026, and the current stock price is only 13 times this year's estimated earnings, suggesting significant upside potential, especially with rising gold prices.
See More
US Stocks Rebound as Tech Shares Recover
- Market Recovery: The S&P 500 Index rose by 0.46%, the Dow Jones Industrial Average increased by 0.09%, and the Nasdaq 100 climbed by 0.61%, indicating a rebound in the market driven by recovering tech and chipmaker stocks, reflecting investor confidence in economic growth.
- Mining Stocks Surge: Gold prices increased by over 1% and silver prices jumped more than 6%, boosting mining stocks with Coeur Mining up over 6% and Freeport McMoRan up more than 5%, suggesting rising investor demand for precious metals amid inflation concerns.
- Positive Earnings Outlook: Over 79% of S&P 500 companies that reported earnings exceeded expectations, with Q4 earnings growth projected at 8.4%, marking the tenth consecutive quarter of year-over-year growth, indicating sustained corporate profitability that could further drive stock market gains.
- Economic Data Focus: The market is closely watching upcoming employment and inflation data, with January nonfarm payrolls expected to rise by 69,000 and the unemployment rate to remain at 4.4%, as these figures will influence investor expectations regarding future monetary policy, potentially leading to market volatility.
See More
Which Mining Companies Are Profiting from the Metals Surge?
Gold Prices and Market Trends: Despite a recent decline, gold remains a popular investment, with prices hovering around $5,600 per ounce, and investors anticipating potential increases in the coming months.
Mining Company Performance: Gold mining stocks have performed well, with notable returns, particularly from companies like Hecla Mining, which has seen significant revenue growth and positive cash flow.
Mergers and Acquisitions: Coeur Mining is pursuing an acquisition strategy, aiming to enhance its operations and expand its mining capabilities across North America, which could lead to increased production.
Investment Recommendations: Analysts are suggesting five specific mining stocks as strong investment opportunities, highlighting their potential for growth in the current metals rally.
See More
Coeur Mining Stock Fluctuates with Rising Gold and Silver Prices
- Gold Price Recovery: After a significant drop from an all-time high of $5,419.80 per ounce on January 28 to nearly $4,500, gold prices have rebounded above $5,000, currently at $5,015 per ounce, which has directly contributed to Coeur Mining's stock increase of 7.09%.
- Silver Price Fluctuations: Silver prices have also seen volatility, dropping from $116.58 per ounce on January 28 to $66, then bouncing back to $80, but fell nearly 10% yesterday; currently, silver is up 0.7% and approaching $78, further influencing Coeur Mining's market performance.
- Strong Free Cash Flow: Coeur Mining generated nearly $370 million in free cash flow over the past 12 months, backing 90% of its reported net earnings of $409 million, indicating financial health and attracting investor interest.
- Analyst Optimism: RBC Capital raised Coeur's price target to $26, citing the company's acquisition of New Gold and high free cash flow, with expectations of over $2.3 billion in free cash flow this year, enhancing investment appeal.
See More
Coeur Mining Stock Rises as Gold and Silver Prices Rebound
- Strong Cash Flow Outlook: Coeur Mining is projected to generate over $2.3 billion in free cash flow from gold and silver sales this year, which could push its price-to-free cash flow ratio below 6, indicating robust profitability in the current precious metals market.
- Volatile Gold and Silver Prices: After hitting an all-time high of $5,419.80 per ounce on January 28, gold prices have fluctuated significantly, currently rebounding to $5,015, while silver has similarly dropped from $116.58 to around $78, reflecting market uncertainty.
- Analyst Target Upgrade: RBC Capital has raised Coeur's price target to $26, primarily based on its strategic acquisition of New Gold and expectations for strong near-term free cash flow, signaling optimism about the company's future performance.
- Market Performance Fluctuations: Despite Coeur Mining's stock experiencing volatility over the past week, it has risen 7.1% today as gold and silver prices rebound, highlighting investor sensitivity to metal price movements and shifts in market sentiment.
See More
US Stocks Rise on Monday as Tech Stocks Rebound
- Market Recovery: The S&P 500 Index rose by 0.47% on Monday, with the Dow Jones Industrial Average hitting an all-time high, indicating a strong recovery in the market following rebounds in tech stocks and chipmakers, reflecting investor confidence in economic recovery.
- Precious Metals Surge: Mining stocks rallied as gold prices increased by 2% and silver surged over 6%, with Coeur Mining and Hecla Mining gaining more than 7% and 5% respectively, highlighting the positive impact of strong performance in the precious metals market on related stocks.
- Earnings Season Insights: More than half of S&P 500 companies have reported earnings, with 79% exceeding expectations, and Q4 earnings growth projected at 8.4%, which is likely to further boost market sentiment and enhance investor confidence.
- Economic Data Focus: The market will closely watch upcoming economic data releases, including the employment cost index and retail sales figures, which are expected to significantly influence future monetary policy and market trends.
See More
Coeur Mining Stock Jumps 7.2% Amid Rising Gold and Silver Prices
- Stock Recovery: Coeur Mining's stock surged 7.2% by 2:30 p.m. ET on Monday, bouncing back from a week of stagnation, and if it maintains this gain, it will return to trading levels seen on January 21, indicating market optimism about its future performance.
- Gold Price Surge: After hitting an all-time high of $5,419.80 per ounce on January 28, gold prices have rebounded, gaining about 2.3% today to surpass the psychological barrier of $5,000, which is expected to enhance Coeur Mining's profitability.
- Silver's Strong Performance: Silver prices rose 7.3% today, nearing $83.50 per ounce, outperforming gold and reflecting strong market demand for precious metals, which further benefits Coeur Mining's business outlook.
- Optimistic Earnings Forecast: Analysts predict that Coeur Mining's earnings in 2025 will be four times those of 2024, with a further doubling expected in 2026, and the current stock price is only 13 times this year's estimated earnings, suggesting significant upside potential, especially with rising gold prices.
See More
US Stocks Rebound as Tech Shares Recover
- Market Recovery: The S&P 500 Index rose by 0.46%, the Dow Jones Industrial Average increased by 0.09%, and the Nasdaq 100 climbed by 0.61%, indicating a rebound in the market driven by recovering tech and chipmaker stocks, reflecting investor confidence in economic growth.
- Mining Stocks Surge: Gold prices increased by over 1% and silver prices jumped more than 6%, boosting mining stocks with Coeur Mining up over 6% and Freeport McMoRan up more than 5%, suggesting rising investor demand for precious metals amid inflation concerns.
- Positive Earnings Outlook: Over 79% of S&P 500 companies that reported earnings exceeded expectations, with Q4 earnings growth projected at 8.4%, marking the tenth consecutive quarter of year-over-year growth, indicating sustained corporate profitability that could further drive stock market gains.
- Economic Data Focus: The market is closely watching upcoming employment and inflation data, with January nonfarm payrolls expected to rise by 69,000 and the unemployment rate to remain at 4.4%, as these figures will influence investor expectations regarding future monetary policy, potentially leading to market volatility.
See More
Which Mining Companies Are Profiting from the Metals Surge?
Gold Prices and Market Trends: Despite a recent decline, gold remains a popular investment, with prices hovering around $5,600 per ounce, and investors anticipating potential increases in the coming months.
Mining Company Performance: Gold mining stocks have performed well, with notable returns, particularly from companies like Hecla Mining, which has seen significant revenue growth and positive cash flow.
Mergers and Acquisitions: Coeur Mining is pursuing an acquisition strategy, aiming to enhance its operations and expand its mining capabilities across North America, which could lead to increased production.
Investment Recommendations: Analysts are suggesting five specific mining stocks as strong investment opportunities, highlighting their potential for growth in the current metals rally.
See More
