Coeur Mining (CDE) Stock Surges on Higher Silver Prices

Coeur Mining (CDE) stock is advancing in late-afternoon trading alongside silver prices.
By Rachel Graf ,

NEW YORK (TheStreet) -- Shares of Coeur Mining (CDE) - Get Report are gaining 7.12% to $12.64 in late-afternoon trading on Friday as higher silver and gold prices benefit shares of the Chicago-based silver and gold producer.

Silver for September delivery is up 2.15% to $20.27 per ounce on the COMEX, while gold for August delivery is rising 0.26% to $1,365.60 per ounce. 

The precious metals capped off their sixth straight weeks of gains today on continued market uncertainty following Britain's recent decision to leave the European Union.

Demand for safe-haven assets such as gold and silver has risen amid the market turmoil. 

Separately, TheStreet Ratings team rates the stock as a "sell" with a ratings score of D.

Coeur Mining's weaknesses include its generally high debt management risk and poor profit margins.

You can view the full analysis from the report here: CDE

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 article's author. 

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