Coeur Mining, Inc.
CDECoeur Mining, Inc. (CDE) is a precious metals company focused on the exploration, development, and operation of gold and silver mines in North America. Established in 1928, it owns and operates several mining properties, including the Palmarejo mine in Mexico and the Rochester mine in Nevada. The company is engaged in the extraction of gold and silver with an emphasis on sustainable and responsible mining practices.
Company News
Several large-cap stocks experienced significant gains last week, driven by factors like strong earnings, Federal Reserve expectations, and sector momentum in tech and precious metals.
Law firm investigating potential securities law violations and fiduciary duty breaches for several companies involved in mergers and acquisitions.
TSP Capital Management Group sold 220,000 shares of Coeur Mining, reducing its stake from 1.8% to 2.19% of its portfolio. Despite the sale, Coeur Mining has seen significant stock performance, rising 156.3% in the past year.
US mining trade groups plan to push the government to revive the long-dormant Bureau of Mines, aiming to streamline critical minerals regulation and support. The effort is timed to coincide with the 2024 presidential election, contrasting the US's scattered mining oversight with more centralized approaches in other countries.
Coeur Mining (CDE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
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