Coeur Mining Stock Jumps 7.2% Amid Rising Gold and Silver Prices
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Should l Buy CDE?
Source: Fool
- 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.
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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: 21.440
Low
16.00
Averages
21.86
High
25.00
Current: 21.440
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 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.
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- 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.
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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.
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Spot Silver Continues Decline, Currently Down 6% at $67 per Ounce
- Market Performance: Silver prices have experienced a decline, dropping 6% to $67 per ounce.
- Trend Analysis: The recent downturn in silver prices indicates a potential shift in market dynamics.
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Coeur Mining Stock Declines 24% from All-Time High
- Stock Price Decline: Coeur Mining's shares have fallen 6.1% over the past week, currently priced at $19.59, marking a 24% drop from its all-time high of $26 on January 27, indicating market concerns about its future performance.
- Gold and Silver Price Fluctuations: Gold prices have plummeted from a historical peak of $5,419.80 per ounce on January 28 to the current $4,868.30, while silver has dropped from $116.58 to $76.67, directly impacting Coeur Mining's profitability.
- Market Reaction Analysis: Despite the expectation of volatility in gold and silver prices, Coeur Mining's current P/E ratio stands at 30 times trailing earnings, but with a projected earnings growth of 90% next year, its forward P/E ratio drops to 10, reflecting investor skepticism about its future earnings potential.
- Investment Recommendation: Analysts suggest that Coeur Mining's PEG ratio is approximately 0.3, indicating that while the current stock price appears high, the potential for future earnings growth still positions it as a buying opportunity, showcasing differing market perspectives on its long-term value.
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US Stocks Close Lower as Tech Sector Retreats
- Market Decline: The S&P 500 index fell by 0.84%, the Dow Jones by 0.34%, and the Nasdaq 100 by 1.55%, indicating a sharp sell-off after reaching record highs, which negatively impacted investor sentiment.
- Tech Sector Retreat: Data service and software stocks plummeted following the release of an automation tool by AI firm Anthropic, with Thomson Reuters and EPAM Systems down over 15% and 13% respectively, reflecting a loss of confidence in tech stocks.
- Precious Metals Rally: Gold prices surged over 6% and silver over 8%, leading to gains in mining stocks, with Hecla Mining and Freeport McMoRan rising more than 8% and 6% respectively, indicating increased demand for safe-haven assets.
- Economic Outlook Improvement: Richmond Fed President noted an improving US economic outlook despite ongoing risks, with markets focusing on upcoming economic data and the passage of a spending bill to gauge future economic 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
Spot Silver Continues Decline, Currently Down 6% at $67 per Ounce
- Market Performance: Silver prices have experienced a decline, dropping 6% to $67 per ounce.
- Trend Analysis: The recent downturn in silver prices indicates a potential shift in market dynamics.
See More
Coeur Mining Stock Declines 24% from All-Time High
- Stock Price Decline: Coeur Mining's shares have fallen 6.1% over the past week, currently priced at $19.59, marking a 24% drop from its all-time high of $26 on January 27, indicating market concerns about its future performance.
- Gold and Silver Price Fluctuations: Gold prices have plummeted from a historical peak of $5,419.80 per ounce on January 28 to the current $4,868.30, while silver has dropped from $116.58 to $76.67, directly impacting Coeur Mining's profitability.
- Market Reaction Analysis: Despite the expectation of volatility in gold and silver prices, Coeur Mining's current P/E ratio stands at 30 times trailing earnings, but with a projected earnings growth of 90% next year, its forward P/E ratio drops to 10, reflecting investor skepticism about its future earnings potential.
- Investment Recommendation: Analysts suggest that Coeur Mining's PEG ratio is approximately 0.3, indicating that while the current stock price appears high, the potential for future earnings growth still positions it as a buying opportunity, showcasing differing market perspectives on its long-term value.
See More
US Stocks Close Lower as Tech Sector Retreats
- Market Decline: The S&P 500 index fell by 0.84%, the Dow Jones by 0.34%, and the Nasdaq 100 by 1.55%, indicating a sharp sell-off after reaching record highs, which negatively impacted investor sentiment.
- Tech Sector Retreat: Data service and software stocks plummeted following the release of an automation tool by AI firm Anthropic, with Thomson Reuters and EPAM Systems down over 15% and 13% respectively, reflecting a loss of confidence in tech stocks.
- Precious Metals Rally: Gold prices surged over 6% and silver over 8%, leading to gains in mining stocks, with Hecla Mining and Freeport McMoRan rising more than 8% and 6% respectively, indicating increased demand for safe-haven assets.
- Economic Outlook Improvement: Richmond Fed President noted an improving US economic outlook despite ongoing risks, with markets focusing on upcoming economic data and the passage of a spending bill to gauge future economic trends.
See More
