Coeur Mining ( (CDE) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Coeur Mining shares are sliding as gold and silver prices tumble, dragging down the entire precious metals sector. A stronger U.S. dollar and fears that sticky inflation will keep Federal Reserve interest rates higher for longer are eroding demand for non-yielding safe-haven assets.
Analysts note that this commodities-driven sell-off is overshadowing Coeur Mining’s own progress. The company recently reported record annual results and is moving ahead with its acquisition of New Gold, but its stock remains highly sensitive to the negative momentum in metal prices.
More about Coeur Mining
YTD Price Performance: 18.00%
Average Trading Volume: 24,095,166
Technical Sentiment Signal: Buy
Current Market Cap: $13.51B
For further insights into CDE stock on TipRanks’ Stock Analysis page.
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