- Coeur Mining is one of the worst-performing precious metals stocks since June, sliding more than 45% from its highs.
- The company is getting ready to report its Q3 results later this month and just came off a decent Q2 performance with revenue up 39% year-over-year.
- However, with silver prices down sharply in Q3, and softness leaking into Q4, Couer is likely to see some margin pressure, especially at Palmarejo, the company's largest silver-producing asset.
- At a share price of $6.37, the valuation has improved considerably, but I still think there are better reward/risk bets out there in the sector currently.
For further details see:
Coeur Mining Stock: A Softer Q3 Ahead Due To Silver Price Weakness