Coeur Mining (CDE) Stock Gaining on Precious Metals Prices

Coeur Mining (CDE) stock is higher this afternoon as gold and silver continue to see gains.
By Rachel Aldrich ,

NEW YORK (TheStreet) -- Shares of Coeur Mining (CDE) - Get Report  are up 6.58% to $12.15 this afternoon as precious metals continue to rally.

For September delivery, silver is higher by 1.12% to $20.13 per ounce on the COMEX this afternoon. This represents a nearly two-year high for the commodity.

For August delivery, gold is seeing increases of 0.55% to $1,366.10 per ounce on the COMEX.

Although the market has slowly rebounded from the Brexit vote on June 23, remaining concerns over market instability has led investors to flee to safe havens like silver and gold.

Coeur Mining is a precious metals producer based in Chicago operating four mines from Alaska to Bolivia.

Separately, TheStreet Ratings rated this stock as a "sell" with a ratings score of D.

The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and poor profit margins. You can view the full analysis from the report here: CDE

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. 

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