Coeur Mining (CDE) shares surged 6.79% during intraday trading on Wednesday, as a broad rally in precious metals and robust earnings expectations provided a strong dual catalyst for the gold-silver miner.
The upward momentum was driven by a sharp rise in gold prices, which hit a one-month peak on a softer U.S. dollar and lower oil prices, lifting the entire precious metals sector. Coeur Mining, with its dual exposure to gold and silver, showed elevated sensitivity to the positive price action in the metals complex.
Additionally, the company is scheduled to release its quarterly earnings after the market close today. Market consensus projects revenue of $1.286 billion, a 187.16% year-over-year increase, with adjusted EPS expected to rise 78.02% to $0.32. The combination of strong sector momentum and optimistic earnings forecasts propelled the stock's intraday advance.
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