Coeur Mining (CDE) has risen sharply, recording gains of 12% in the past 4 weeks. However, the stock has corrected -3.96% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 11.57% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Coeur Mining, Inc. is up 89.29% in the last 3-month period. Year-to-Date the stock performance stands at 506.05%. The stock has recorded a 20-day Moving Average of 0.89% and the 50-Day Moving Average is 18.73%.
Coeur Mining (NYSE:CDE): The stock opened at $15.16 on Friday but the bulls could not build on the opening and the stock topped out at $15.32 for the day. The stock traded down to $14.90 during the day, due to lack of any buying support eventually closed down at $15.03 with a loss of -3.59% for the day. The stock had closed at $15.59 on the previous day. The total traded volume was 3,800,578 shares.
Also, RBC Capital upgrades its rating on Coeur Mining (NYSE:CDE). Analysts at the RBC Capital have a current rating of Outperform on the shares. The shares were previously rated Sector Perform. The rating by the firm was issued on July 14, 2016.
Coeur Mining, Inc. (Coeur) is a silver producer. The Company has gold production and mines located in the United States, Mexico and Bolivia; a silver interest in Australia, and exploration projects in Mexico and Argentina. The Companys segments include Palmarejo, San Bartolome, Rochester, Kensington, La Preciosa and Coeur Capital. The Palmarejo surface and underground silver and gold mine, owned and operated by Coeur Mexicana, is located in the state of Chihuahua, Mexico. The San Bartolome silver mine, operated by Manquiri, is located on the flanks of the Cerro Rico Mountain. The Rochester mine is an open pit silver and gold mine located in Pershing County, Nevada. The Kensington underground gold mine is located on the east side of the Lynn Canal. La Preciosa is an advanced-stage silver and gold exploration project located around 52 miles northeast of the city of Durango in Durango State, Mexico. Coeur Capital holds the Endeavor silver stream and other precious metals royalties.