Coeur Mining (CDE) shares surged 5.02% in pre-market trading on Wednesday, as a broad rally in precious metals and strong earnings expectations provided a 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. The rally lifted the entire precious metals sector, with notable gains in peers such as Anglogold Ashanti, Agnico Eagle Mines, and Newmont Mining. Coeur Mining, as a dual-exposure gold and silver producer, 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 fueled the pre-market advance.
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