Just noticed Coeur Mining bouncing today - up 7% this morning. Honestly not surprising given what's happening with gold and silver prices right now.



Gold broke back above $5,000 an ounce today after some wild swings over the past month. Silver's been equally messy, bouncing around between $66 and $116 this year. When precious metals move like this, mining stocks like Coeur tend to follow. It's pretty straightforward - higher commodity prices mean better margins for miners.

What caught my attention though is the cash flow story. Coeur's apparently sitting on some serious free cash flow numbers. Last 12 months they generated close to $370 million, and analysts are talking about $2.3 billion potential this year. That's the kind of cash generation that makes you look twice at the valuation. RBC even bumped their price target to $26 recently on the back of this.

So yeah, the stock pop today makes sense. Gold's moving, Coeur's moving with it. Whether it's a good entry point is another question entirely, but at least the near-term catalysts look interesting if commodity prices stay elevated.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin