Coeur Mining (NYSE: CDE) stock rises Friday following U.S. Bureau of Labor Statistics employment data and shifting Fed rate expectations.
Coeur Mining, Inc.
(NYSE:CDE) stock is surging on Friday primarily due to a sector-wide rally in precious metals following a weak U.S. jobs report, which drove gold and silver prices sharply higher.
Coeur Mining is a metals producer focused on mining precious minerals in the Americas.
The Nasdaq is up 0.74% while the S&P 500 has gained 0.51%. • Coeur Mining stock is among today's top performers.
What's behind CDE gains?
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Appetite for mining stocks has cooled over the past six months, according to a Citi note.
