Coeur Mining (NYSE:CDE) Stock, Quote.Headers.trade-ideas

Coeur Mining

Coeur Mining Inc is a metals producer focused on mining precious minerals in the Americas. It is involved in the discovery and mining of gold and silver and generates the vast majority of revenue from the sale of these precious metals. The operating mines of the company are palmarejo, Rochester, Wharf, and Kensington. Its projects are located in the United States, Canada Mexico, and North America.

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Gold rally loses momentum as dollar rebounds and Treasury yields stabilize. Gold mining stocks also decline due to dip in gold prices.

Gold Rally Loses Steam As Treasury Yields Stabilize, Dollar Rebounds: 6 Miner Stocks See Declines On Wednesday

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Gold prices surged above $2,490 per ounce, fueled by a weaker dollar, lower Treasury yields and expectations of a rate-cut.

Gold Prices Hit All-Time Highs Of $2,500 As Traders Jump On Rate-Cut Train: Mining Stocks On The Move Friday

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Coeur Mining (NYSE: CDE) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to loss of $0.06 per share a year ago. These figures are adjusted for non-recurring items.

Coeur Mining Reports Q2 Loss, Misses Revenue Estimates

Coeur Mining Inc

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The momentum in gold&#8217;s recent rally has lost much of its shine, <a href="https://www.benzinga.com/topic/gold">with the precious metal</a> unable to reach new record highs since Aug. 20, as U.S. Treasury yields stabilize and the dollar rebounds.
On Wednesday, gold traded at $2,505 per ounce, down 0.8% for the day, poised to break a<a href="https://www.benzinga.com/markets/commodities"> three-session winning streak.</a>
The dollar's recent surge, driven by positive catalysts, appears to be fading, prompting traders to take profits and reduce exposure to gold.
 Rate-cut expectations have not seen significant improvement, with speculators fully pricing in a September rate cut but assigning a 65% probability to a smaller 25-basis-point reduction, compared to 35% for a 50-basis-point cut, according to the CME FedWatch tool.
As the Federal Reserve&#8217;s rate cut expectations remained largely unchanged, Treasury yields stabilized, with the 10-year yield trading at 3.83% on Wednesday. Despite falling 67 basis points since early July, the yield hasn&#8217;t dropped below 3.75% since earlier this month, when a volatility event caused wild swings in equity and fixed income markets.
Geopolitical tensions in the Middle East, which have historically boosted safe-haven assets like gold, did not escalate into a broader conflict after recent exchanges between Israel and Hezbollah. This de-escalation has further diminished gold&#8217;s appeal.
The U.S. dollar index (DXY) was up 0.4% Wednesday, after closing Tuesday at the lowest levels since July 2023.
<h3 class="wp-block-heading">Wednesday&#8217;s Pullbacks In Gold Mining Stocks</h3>
The dip in gold prices has led to a more significant decline in gold mining stocks. The VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>) and the VanEck Junior Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDXJ#NYSE">GDXJ</a>) both fell by 2.5%.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Company</td>
<td>1-day return (%)</td>
</tr>
<tr>
<td>Torex Gold Resources Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXG#NYSE">TXG</a>)</td>
<td>-4.89%</td>
</tr>
<tr>
<td>Endeavour Silver Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXK#NYSE">EXK</a>)</td>
<td>-4.75</td>
</tr>
<tr>
<td>First Majestic Silver Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AG#NYSE">AG</a>)</td>
<td>-4.63</td>
</tr>
<tr>
<td>Coeur Mining, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>)</td>
<td>-4.56</td>
</tr>
<tr>
<td>OceanaGold Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OGC#NYSE">OGC</a>)</td>
<td>-4.47</td>
</tr>
<tr>
<td>Pan American Silver Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAAS#NYSE">PAAS</a>)</td>
<td>-4.41</td>
</tr>
</tbody>
</table>
</figure>
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Image created using artificial intelligence via Midjourney.

Gold prices surged to record highs above $2,490 per ounce on Friday, rising more than 1.7% at 9:50 a.m. EST. A weakening U.S. dollar and declining <a href="https://www.benzinga.com/topic/treasury-yields">Treasury yields fueled the rally</a>.
<ul>
<li>The U.S. dollar index (DXY), as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), dropped 0.4%</li>
<li>The greenback is down nearly 1% against the Japanese yen.</li>
<li>Treasury yields softened, with the 2-year yield decreasing by 4 basis points to 4.05%</li>
<li>The 10-year yield edged down by 2 basis points to 3.89%.</li>
<li>Year-to-date, gold is up 21%, setting the stage for its strongest annual performance since 2020 when it gained 25%.</li>
</ul>
The rise in gold prices reflects growing anticipation that the Federal Reserve will initiate <a href="https://www.benzinga.com/topic/interest-rates">a series of rate cuts</a>.
<h2 class="wp-block-heading">Inflation Decelerates</h2>
July's inflation data, for both producer and consumer prices, slightly undershot expectations this week, reinforcing the disinflationary trend that is firmly on track.
Producer prices rose just 0.1% month-over-month in July, following a 0.2% increase in June, and came in below the 0.2% forecast. On an annual basis, producer inflation slowed to 2.2%, down from 2.7% in June.
Consumer inflation also decelerated for the fourth consecutive month, with the annual inflation rate dropping to 2.9% in July, the lowest since March 2021, compared to 3% in June. Core inflation, which excludes volatile food and energy prices, also eased to 3.2% from 3.3% in June, matching expectations.
Traders have slightly moderated their expectations for a large 50-basis-point Fed rate cut in September, now leaning towards a smaller 25-basis-point cut, with a 73% probability priced in. By the end of the year, markets are pricing in a total of 80 basis points in cuts, implying two additional 25-basis-point reductions at the Fed's November and December meetings.
Chart: Largest Gold-Backed ETF Reaches Record Highs
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="442" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/16100714/image-1-49-1024x442.png" alt="" class="wp-image-499072" style="width:920px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/16100714/image-1-49-1024x442.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/16100714/image-1-49-300x130.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/16100714/image-1-49-768x332.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/16100714/image-1-49-1536x663.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/16100714/image-1-49.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Image: <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081624&amp;t=be2bearmibe3na1">Benzinga Pro</a></figcaption></figure>
<h3 class="wp-block-heading">Gold ETFs See Strong Inflows</h3>
In July, global gold ETFs, which include the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) as well as several others, had their strongest month since April 2022, attracting $3.7 billion, marking the third consecutive month of inflows, according to data from the World Gold Council (WGC). 
North American funds led the charge, with inflows of $2 billion, more than offsetting minor outflows in May and June.
The WGC commented that &#8220;July was unprecedented on the political front with the assassination attempt on Trump followed by Biden stepping down from the presidential race. Gold ETF inflows around both dates suggest increased safe-haven demand.&#8221;
<h3 class="wp-block-heading">Jackson Hole Symposium in Focus</h3>
Looking ahead, all eyes are on the Jackson Hole Symposium, scheduled for Aug. 22-24, which comes just weeks before the Fed&#8217;s anticipated rate cuts in September. 
Historically, gold has shown strength following the Jackson Hole Symposium, as the WGC highlighted. This has often been followed by a pullback as bond yields tend to rise in the subsequent weeks.
<h3 class="wp-block-heading">Gold Miners Moving On Friday </h3>
The five best-performing gold mining stocks within the VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>) by 10:00 a.m. ET included:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Company</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>SSR Mining Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSRM#NYSE">SSRM</a>)</td>
<td>5.06%</td>
</tr>
<tr>
<td>Emerald Resources NL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMR#NYSE">EMR</a>)</td>
<td>4.43</td>
</tr>
<tr>
<td>K92 Mining Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNT#NYSE">KNT</a>)</td>
<td>4.07</td>
</tr>
<tr>
<td>Equinox Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQX#NYSE">EQX</a>)</td>
<td>3.51</td>
</tr>
<tr>
<td>Coeur Mining, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>)</td>
<td>3.49</td>
</tr>
</tbody>
</table>
</figure>
Industry heavyweights such as Newmont Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) and Barrick Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>) were 0.8% and 2.3% higher respectively. 
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</ul>

Raymond James analyst Brian MacArthur maintains Coeur Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>) with a Market Perform and raises the price target from $5.75 to $6.25.

Price Target

Raymond James Maintains Market Perform on Coeur Mining, Raises Price Target to $6.25

Roth MKM analyst Joe Reagor reiterates Coeur Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>) with a Buy and raises the price target from $7.25 to $8.

Reiteration

Roth MKM Reiterates Buy on Coeur Mining, Raises Price Target to $8

Coeur Mining (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cde#NYSE">CDE</a>) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to loss of $0.06 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 50%. A quarter ago, it was expected that this silver mining company would post a loss of $0.06 per share when it actually produced a loss of $0.05, delivering a surprise of 16.67%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Coeur Mining, which belongs to the Zacks Mining - Non Ferrous industry, posted revenues of $222.03 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 5.72%. This compares to year-ago revenues of $177.24 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Coeur Mining shares have added about 65% since the beginning of the year versus the S&amp;P 500&#39;s gain of 9.9%.
<h2>What&#39;s Next for Coeur Mining?</h2>
While Coeur Mining has outperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Coeur Mining: mixed. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.07 on $281.7 million in revenues for the coming quarter and $0.08 on $961.13 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Mining - Non Ferrous is currently in the top 30% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the broader Zacks Basic Materials sector, Comstock Inc. (AMEX:LODE), has yet to report results for the quarter ended June 2024. The results are expected to be released on August 8.
This company is expected to post quarterly loss of $0.04 per share in its upcoming report, which represents a year-over-year change of +20%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Comstock Inc.&#39;s revenues are expected to be $0.57 million, up 1325% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2318635/coeur-mining-cde-reports-q2-loss-misses-revenue-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2318635">To read this article on Zacks.com click here.</a>

General

Coeur Mining shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results.

Coeur Mining Q2 Adj. EPS $0.00 Beats $(0.02); Sales $222.00M Miss $242.25M Estimate

WIIM

CGAU

GATO

shares of precious metals stocks are trading lower as gold and silver fall despite overall market uncertainty.

Shares of precious metals stocks are trading lower amid a selloff in gold and silver.

Raymond James analyst Brian MacArthur maintains Coeur Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>) with a Market Perform and raises the price target from $5 to $5.75.

Raymond James Maintains Market Perform on Coeur Mining, Raises Price Target to $5.75

BMO Capital analyst Kevin O'Halloran maintains Coeur Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>) with a Outperform and raises the price target from $6.75 to $7.5.

BMO Capital Maintains Outperform on Coeur Mining, Raises Price Target to $7.5

USAU

Shares of precious metals stocks are trading higher as gold and silver rise following softer-than-expected June CPI figures.

As the demand for critical minerals such as lithium and copper surges, mining trade groups in the U.S. advocate for the revival of the long-defunct Bureau of Mines. 
This initiative coincides with the <a href="https://www.benzinga.com/markets/commodities/24/04/38114381/critical-minerals-race-heats-up-us-eu-challenge-chinas-dominance">supply of critical minerals</a> becoming a matter of national security.
USBM Background: The U.S. Bureau of Mines (USBM) was established on July 1, 1910, under the Department of the Interior. Its primary mission was to ensure the nation had adequate supplies of nonfuel minerals for security and other needs. The Bureau conducted research on the extraction, processing, use and recycling of nonfuel mineral resources while minimizing environmental harm and protecting workers. It also collected and published statistical and economic information on all nonfuel mineral resource development phases.
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However, in 1996, during a period of budget cuts, the USBM was closed down. Its $152-million annual budget (equivalent to $304 million in 2024) was eliminated as part of a budget deal resolution after the conflict between Republicans and then-President Bill Clinton. That decision was not without negative backlash, as critics felt the nation was downsizing scientific research and funding.
Over two decades later, the situation in the domestic mining sector is complicated, hindering back the progress with permits for extraction and exploration. 
Time to Bring Back USBM? Today, some agencies are campaigning to bring USBM back, according to three sources who spoke <a href="https://www.reuters.com/markets/commodities/us-miners-push-washington-revive-long-dormant-bureau-mines-2024-07-05/">to</a> Reuters, confirming the campaign would start later this month.
"Mining decisions right now are spread across multiple government agencies, and that makes transparency and accountability very difficult,&#8221; said Rich Nolan, head of the National Mining Association. His agency leads the initiative alongside the American Exploration &amp; Mining Association and the Society for Mining, Metallurgy &amp; Exploration (SME).
Trade groups argue that a revived bureau could provide a unified approach to critical minerals policy, encompassing permitting, research funding and industry grants. Despite the push, trade groups acknowledge that success is unlikely before the next Congress assembly, which will run from 2025 to 2027.
&#8220;If a new bureau could bring some efficiency to a duplicative and inefficient permitting process, it could be a huge benefit to the country,&#8221; added Mitch Krebs, CEO of Coeur Mining Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>).
Still, not everyone agrees that reviving the bureau will resolve the industry's problems. Dr. Michelle Michot Foss, a fellow in energy, minerals, and materials at Rice University&#8217;s Baker Institute for Public Policy, expressed skepticism toward such a decision.
&#8220;The Bureau of Mines coming back into existence is not going to fix any of that. There&#8217;s nothing serious on the table that would make the mining industry function better than it is now,&#8221; she stated.
Whether the initiative is successful or not, the state of the U.S. mining sector will provide another source of political discussion in <a href="https://www.benzinga.com/topic/2024-election">the election year</a>.
Also Read: • <a href="https://www.benzinga.com/m-a/24/07/39623378/anglo-americans-coal-asset-sale-faces-hurdle-after-fire-at-major-mine">Anglo American&#8217;s Coal Asset Sale Faces Hurdle After Fire At Major Mine</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get started!

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Shares of precious metals stocks are trading higher as gold and silver rise following US jobs data.

Shares of precious metals stocks are trading higher as gold and silver rise amid a drop in the dollar following key US economic data.

Coeur Mining Reported Results From Multi-year Exploration Drilling And Development Program At Kensington Underground Gold Mine In Southeast Alaska,  Recent Assays Highlight Potential To Extend Its Reserve Based Mine Life To Over Five Years By Year-End

Shares of Ovid Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OVID#NASDAQ">OVID</a>) dipped 65.7% to $1.1285 after Takeda&#8217;s Skyline study in Dravet syndrome missed its primary endpoint.
Takeda Pharmaceutical Co Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAK#NYSE">TAK</a>) announced topline data from its SKYLINE and SKYWAY Phase 3 studies of Soticlestat (TAK-935) for the treatment of Dravet syndrome (DS) and Lennox-Gastaut syndrome (LGS).
AMMO shares dipped 19.1% to $2.0306 on Friday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Interactive Strength Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) shares climbed 148% to $7.07 after dipping 19% on Friday.</li>
<li>Mustang Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBIO#NASDAQ">MBIO</a>) shares jumped 145% to $0.32 after the company announced safety and efficacy data from the complete Waldenstrom Macroglobulinemia cohort of its Phase 1/2 clinical trial of MB-106, showing an overall response rate of 90% with one patient remaining in complete remission at 31 months.</li>
<li>Allego N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLG#NASDAQ">ALLG</a>) gained 126.4% to $1.6750 after the company and its majority shareholder, Meridiam, announced a transaction framework agreement under which Meridiam will launch a tender offer for all issued and outstanding Allego shares not owned by Meridiam, with the option to tender shares for $1.70 per share in cash.</li>
<li>Scinai Immunotherapeutics Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCNI#NASDAQ">SCNI</a>) shares gained 92.6% to $6.74 after surging 24% on Friday. Scinai Immunotherapeutics, last week, received a non-binding Letter of Intent from the European Investment Bank for converting loan into equity.</li>
<li>TRxADE HEALTH, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEDS#NASDAQ">MEDS</a>) rose 47% to $9.50.</li>
<li>The Aaron&#8217;s Company, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAN#NYSE">AAN</a>) gained 32.2% to $9.97 after the company announced that it entered into a definitive agreement to be acquired by IQVentures Holdings.</li>
<li>AgriFORCE Growing Systems Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGRI#NASDAQ">AGRI</a>) jumped 27% to $0.1044 after the company announced a $1 million share repurchase program.</li>
<li>Xponential Fitness, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPOF#NYSE">XPOF</a>) surged 21.3% to $13.68. Xponential Fitness announced the appointment of Mark King as Chief Executive Officer.</li>
<li>Silynxcom Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYNX#NASDAQ">SYNX</a>) gained 21.8% to $3.14.</li>
<li>Venus Concept Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERO#NASDAQ">VERO</a>) gained 13.6% to $1.0650 after the company announced that it has entered a new strategic resurfacing and skin tightening device supply arrangement with Skin Laundry Holdings.</li>
<li>Envirotech Vehicles, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVTV#NASDAQ">EVTV</a>) rose 12.8% to $1.4899.</li>
<li>CNS Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNSP#NASDAQ">CNSP</a>) gained 12.8% to $3.1459. CNS Pharmaceuticals recently announced pricing of registered direct offering and concurrent private placement.</li>
<li>ENDRA Life Sciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDRA#NASDAQ">NDRA</a>) gained 11.8% to $0.1159 after a 13G filing showed a 9.99% passive stake from S.H.N. Financial Investments Ltd.</li>
<li>Lexicon Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LXRX#NASDAQ">LXRX</a>) climbed 10.5% to $2.0099. HC Wainwright &amp; Co. analyst Joseph Pantginis initiated coverage on Lexicon Pharmaceuticals with a Buy rating and announced a price target of $10.</li>
<li>XTL Biopharmaceuticals Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTLB#NASDAQ">XTLB</a>) shares climbed 10.5% to $2.31 after falling around 5% on Friday. XTL recently entered into definitive agreement to acquire The Social Proxy.</li>
<li>Mirum Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIRM#NASDAQ">MIRM</a>) gained 10.2% to $28.58. Mirum&#8217;s Volixibat achieved interim analyses in VANTAGE PBC and VISTAS PSC studies.</li>
<li>Ouster, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OUST#NYSE">OUST</a>) shares rose 8.5% to $11.21. Ouster Director Virginia Boulet bought a total of 10,000 shares at an average price of $10.30.</li>
<li>Primo Water Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRMW#NASDAQ">PRMW</a>) gained 7.8% to $24.08 after the company and BlueTriton agreed to merge.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Aerovate Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVTE#NASDAQ">AVTE</a>) shares dipped 90.8% to $2.26 after the company reported 24-week topline results from phase 2b portion of IMPAHCT evaluating AV-101 for pulmonary arterial hypertension.</li>
<li>Kaival Brands Innovations Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KAVL#NASDAQ">KAVL</a>) shares dipped 33% to $3.9950. Kaival Brands Innovations Group shares jumped 338% on Friday after the company announced a $5 million offering of 3,012,048 units at $1.66 per unit.</li>
<li>Bluejay Diagnostics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BJDX#NASDAQ">BJDX</a>) fell 29.4% to $0.36 in pre-market trading after jumping 12% on Friday.</li>
<li>Workhorse Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKHS#NASDAQ">WKHS</a>) declined 26% to $2.22. Workhorse announced a 1-for-20 reverse stock split of its common stock last week after shareholders approved the move at the company's annual meeting of stockholders in May.</li>
<li>AMC Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) fell 25.7% to $11.67 after the company announced a private offering of $125 million of convertible senior notes.</li>
<li>iPower Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPW#NYSE">IPW</a>) shares fell 24.4% to $2.49 after the company announced a $5 million registered direct offering.</li>
<li>Scorpius Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCPX#NASDAQ">SCPX</a>) fell 21.3% to $0.0763 after the company received NYSE American notice of delisting and reported plans to appeal.</li>
<li>Atara Biotherapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATRA#NASDAQ">ATRA</a>) declined 20.8% to $0.4044. Atara Biotherapeutics announced a 1-for-25 reverse stock split.</li>
<li>22nd Century Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XXII#NASDAQ">XXII</a>) dipped 20.7% to $0.6405.</li>
<li>SELLAS Life Sciences Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLS#NASDAQ">SLS</a>) fell 20.6% to $1.19. SELLAS Life Sciences announced review of ongoing Phase 3 REGAL clinical trial of Galinpepimut-S in acute myeloid leukemia by IDMC.</li>
<li>Virgin Galactic Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPCE#NYSE">SPCE</a>) dipped 19.6% to $11.00.</li>
<li>Feutune Light Acquisition Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLFV#NASDAQ">FLFV</a>) shares fell 18.5% to $7.99.</li>
<li>MYT Netherlands Parent B.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYTE#NASDAQ">MYTE</a>) declined 13.1% to $4.31.</li>
<li>Biomea Fusion, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMEA#NASDAQ">BMEA</a>) fell 12.8% to $4.9190.</li>
<li>BIMI Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIMI#NASDAQ">BIMI</a>) shares fell 12.6% to $1.92 after gaining 23% on Friday.</li>
<li>Cemtrex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) fell 12.2% to $0.2451.</li>
<li>La Rosa Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRHC#NASDAQ">LRHC</a>) shares declined 11.1% to $1.04. La Rosa Holdings shares jumped around 76% on Friday after the company filed a request for the withdrawal of its registration statement on a Form S-1.</li>
<li>Evotec SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVO#NYSE">EVO</a>) shares declined 10.5% to $4.07.</li>
<li>ZKH Group Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZKH#NYSE">ZKH</a>) fell 10.2% to $3.5850. ZKH Group recently announced a $50 million share repurchase program.</li>
<li>Bitdeer Technologies Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTDR#NASDAQ">BTDR</a>) declined 9% to $9.05.</li>
<li>FuelCell Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) fell 6.8% to $0.7636.</li>
<li>Louisiana-Pacific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPX#NYSE">LPX</a>) declined 6.3% to $86.25 after Goldman Sachs downgraded the stock from Neutral to Sell and lowered its price target from $89 to $81.</li>
<li>Coeur Mining, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>) fell 5.3% to $5.44.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/06/39357134/wall-streets-most-accurate-analysts-spotlight-on-3-materials-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Materials Stocks Delivering High-Dividend Yields</a>

Intraday Update

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BMEA

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SPCE

SYNX

TRNR

VERO

WKHS

XPOF

XTLB

XXII

Why Ovid Therapeutics Shares Are Trading Lower By 19%? Here Are Other Stocks Moving In Monday's Mid-Day Session

Coeur Mining shares are trading higher amid strength in gold.

RGLD

Shares of precious metals stocks are trading lower amid a drop in gold and silver following US economic data.

Shares of precious metals companies are trading higher amid strength in gold and silver prices.

Coeur Mining: Stay Bullish As Silver Production Ramps Up

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Gold stocks are the ultimate hedge against inflation. While the recent rally has put the top names in the spotlight, plenty of stocks flying under the radar show massive potential. 



Before diving into the gold stocks to invest in, let&rsquo;s understand why gold serves as a good hedge against inflation. As one of the oldest investment classes in history, gold offers a store of value that remains unmatched. It has tangible, real-world use cases and unlike fiat currencies, it is limited in supply and retains its value. Moreover, gold prices do not correlate with the market, making it a great diversification tool. 



While gold has always remained a solid investment choice, 2024 is shaping up to be a solid year for the yellow metal. Gold prices hit <a href="https://www.reuters.com/markets/commodities/gold-soars-record-peak-us-rate-cut-bets-burnish-appeal-2024-07-17/">a record high</a> on July 17th as news of an anticipated interest cut and a weak dollar boosted demand. The momentum is set to continue, with Bank of America (NYSE:<a href="https://investorplace.com/stock-quotes/bac-stock-quote/">BAC</a>) predicting gold prices could <a href="https://www.cnbc.com/2024/06/24/gold-could-rally-to-3000-over-the-next-12-18-months-according-to-bank-of-america.html">reach $3,000</a> in the next year. The current spot price for gold is over $2,400. 



Investing in physical gold can be expensive and cumbersome, making gold stocks an attractive alternative for exposure to the asset. Amid the recent price rally, several top gold stocks have experienced significant gains this year. However, several lesser-known names show promise of substantial returns. 



<h2>Kinross Gold Corp (KGC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/04/kinross-kgc-1600-300x169.jpg" alt="Cellphone with business logo of Canadian mining company Kinross Gold Corp. on screen in front of webpage."><div>Source: T. Schneider / Shutterstock.com</div></div>First up on the list is Kinross Gold Corp (NYSE:<a href="https://investorplace.com/stock-quotes/kgc-stock-quote/">KGC</a>). The company is involved in the exploration and extraction of gold and silver ore. It maintains a wide portfolio of operations with mines across the U.S., Canada, Chile, Brazil and Mauritania. 



Kinross boasts impressive mining numbers. In 2023, the company produced <a href="https://www.kinross.com/news-and-investors/news-releases/press-release-details/2024/Kinross-reports-2023-fourth-quarter-and-full-year-results/default.aspx">2.1 million ounces</a> of gold, with its mines in the Americas accounting for 71% of total production. Coming into 2024, Kinross produced <a href="https://www.investing.com/news/stock-market-news/earnings-call-kinross-gold-on-track-with-robust-q1-production-93CH-3432232">527,000 tonnes in the first quarter</a> and is on track to meet its 2.1 million target this year. 



In addition to strong production numbers, Kinross gives investors plenty of reasons to remain optimistic about its growth. In the <a href="https://kinrossworld.kinross.com/en/kinross-reports-2024-first-quarter-results/">last earnings report,</a> the company reported profit margins at $1,088 per ounce with $2 billion in liquidity. KGC is also a dividend-paying stock with an annual yield of 1.33%. Its healthy cash position hints at robust dividend growth. 



Despite a 79% price gain in the last 12 months, KGC stock appears to be attractively valued at a <a href="https://finance.yahoo.com/quote/KGC/key-statistics/?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAAMoL9rZUZqciMffNrjiMyR0mf_mEdz6R07Xh_urSaO__V76PGZLuwUIkKT3aQauIimYW4Ghk9FpiI5aZ2kSlZe3UJMsS_cq-ceEdCyhX_TedurF6-m1Q7SuFpfymeE08_-WtjyoKlJ9nBxJL60dd6xJ31pIP5BVmwzvwUO7hf4LH">forward P/E of 15.6.</a> Coupled with its strong financials and massive growth potential, this is one of the top under-the-radar gold stocks to hedge inflationary risks. 



<h2>Coeur Mining (CDE)</h2>



<div><img width="300" height="165" src="https://investorplace.com/wp-content/uploads/2017/03/cdemsn-300x165.jpg" alt=""><div>Source: Shutterstock</div></div>Next up is Coeur Mining (NYSE:<a href="https://investorplace.com/stock-quotes/cde-stock-quote/">CDE</a>), a producer of precious metals with operations across several regions, including Mexico, Nevada, South Dakota, Alaska and an exploration site in British Columbia. It has been a strong year for CDE stock, with shares up 101% this year. Much of this growth was driven by China.



Coeur Mining&rsquo;s production numbers are just as impressive as its share price. Earlier this month, the company announced that its newly expanded mine in Rochester achieved its mid-year target run rates. At full capacity, the production levels at this mine will be <a href="https://www.coeur.com/investors/news/news-details/2024/Expanded-Rochester-Mine-Achieves-Mid-Year-Target-Run-Rates/default.aspx">2.5 times higher</a> than historic levels. That amounts to 32 million tons per year. 



According to Coeur&rsquo;s CEO, the increased production levels will increase cash injection and lower debt levels. This makes the stock an ideal hedge against inflation. Looking at the bigger picture, CDE expects total gold production rates for the year to exceed 2023 levels. The company projects production rates between <a href="https://www.coeur.com/investors/news/news-details/2024/Coeur-Reports-First-Quarter-2024-Results/default.aspx">310,000 to 355,000 ounces.</a> 



With strong production rates and an expanding business, CDE is an underdog play with plenty of potential. The company also recorded a 76% increase in EBITDA from the prior year, making this one of the best gold stocks to hedge against inflation. 



<h2>DRDGOLD Limited (DRD)</h2>



<a href="https://investorplace.com/wp-content/uploads/2016/08/DRDGold.jpg"><img width="185" height="185" src="https://investorplace.com/wp-content/uploads/2016/08/DRDGold.jpg" alt="The logo for DRDGOLD Ltd (DRD)."></a>DRDGOLD Limited (NYSE:<a href="https://investorplace.com/stock-quotes/drd-stock-quote/">DRD</a>) is an under-the-radar small-cap stock that pays a strong dividend and shows plenty of growth potential. Unlike traditional gold mining companies, South Africa-based DRDGOLD is responsible for the extracting, processing and smelting of gold. It recovers gold from the surface tailings at the Witwatersrand basin in Gauteng.



DRDGOLD&rsquo;s financials are not too shabby. For the six months ended on December 31st, 2023, the company reported a revenue <a href="https://www.drdgold.com/media-insights/media-releases/2024/1637-drdgold-reports-a-12-revenue-increase-on-the-back-of-a-higher-gold-price-interim-dividend-makes-it-the-17th-consecutive-year">increase of 12%</a> to R2 974.2 million and an operating profit rise of 15% to R909.3 million. The rally in gold prices drove these gains.



This year, DRD is in major expansion mode and has invested in Phase II of Far West Gold Recoveries, which will double plant capacity. While the capital investments will eat into costs, the company still expects to meet its production output for the year. DRDGOLD&rsquo;s upcoming projects hint at massive growth in the long haul.



For income-focused investors, DRD stock has also been paying dividends for 17 consecutive years, currently at a 4.6% annual yield. The company&rsquo;s strong performance and optimistic outlook make it one of the top gold stocks to hedge inflation.



On the date of publication, Divya Premkumar did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article. 
<div>Divya has a background in finance and accounting and has worked in FP&amp;A roles at Fortune 500 companies. She is an avid reader and enjoys writing on a variety of topics including stocks, crypto, blockchain and global policy.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/3-under-the-radar-gold-stocks-to-hedge-against-inflation-july-2024/">3 Under-the-Radar Gold Stocks to Hedge Against Inflation: July 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Under-the-Radar Gold Stocks to Hedge Against Inflation: July 2024

Coeur Mining Q2 2024 Earnings Preview

Coeur Mining Non-GAAP EPS of -$0.01 in-line, revenue of $222.03M misses by $20.15M

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Coeur Mining (NYSE:<a href="https://investorplace.com/stock-quotes/cde-stock-quote/">CDE</a>) just reported results for the second quarter of 2024.<ul><li>Coeur Mining reported earnings per share of -1 cent.</li><li>The company reported revenue of $222.03 million.</li><li>This was 8.06% worse than the analyst estimate for revenue of $241.50 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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CDE Stock Earnings: Coeur Mining Misses Revenue for Q2 2024

Coeur Mining, Inc. 2024 Q2 - Results - Earnings Call Presentation

Coeur Mining, Inc. (CDE) Q2 2024 Earnings Call Transcript

Analysts have been eager to weigh in on the Materials sector with new ratings on Coeur Mining (CDE – Research Report), Tecnoglass (TGLS – Research ...

Analysts Have Conflicting Sentiments on These Materials Companies: Coeur Mining (CDE), Tecnoglass (TGLS) and Contango ORE (CTGO)

Scorpio Gold is, like many #gold juniors, extremely cheap vs. the underlying gold price. It has two projects in Nevada, one of which should reach initial production next year! Low-risk, low cap-ex. Tremendous upside potential.

Scorpio Gold, Near-Term Production, Low-Risk, In Nevada

Is it time to make portfolio changes before the 2024 U.S. election?

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Press Releases

Expanded Rochester Mine Achieves Commercial Production; Ramp-Up on Schedule

Coeur Announces First Quarter 2024 Earnings Call

Coeur Publishes 2023 ESG Report

Coeur Reports First Quarter 2024 Results

Coeur to Participate in Upcoming Canaccord Global Metals & Mining Conference

Coeur to Participate in Upcoming RBC Capital Markets Global Mining and Materials Conference

Coeur Reports Continued Positive Results From Kensington's Multi-Year Exploration Program

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Coeur Mining

Coeur Mining (CDE) Forecast

Coeur Mining (NYSE:CDE) Stock, Quote.Headers.trade-ideas