Coeur Mining: Why I Am Upgrading To A 'Buy' After The New Gold Deal

2025-12-09 00:13:43 ET

Investment Thesis

Today's excitement and optimism about gold mining stocks is driven by the resumption of gold price growth. My forecast remains unchanged: a price of $5,000 per ounce of gold is a reasonable estimate for the end of 2026, taking into account a number of fundamental factors, from the easing of monetary policy by the Federal Reserve to the purchase of gold for the reserves of central banks around the world (especially China). Therefore, I continue to closely monitor the shares of gold mining companies, determining potential deals for myself. Among my previous recommendations for purchases are New Gold ( NGD ) shares, whose growth over two months amounted to 6.7% . But I wasn't so optimistic about all companies' stocks, even if they were some of the leaders in this industry. One such stock was Coeur Mining ( CDE ), whose significant overbought status and high metrics compared to the sector median concerned me. Ultimately, the company's shares lost 24.5% in less than two months ....

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