Coeur Mining (CDE) Stock Falls on Lower Gold, Silver Prices

NEW YORK (TheStreet) -- Shares of Coeur Mining  (CDE) were retreating in early-afternoon trading on Monday as gold and silver prices fall today on heightened speculation that the Federal Reserve will soon hike interest rates. 

Gold for December delivery was recently declining 0.73% to $1,324.80 per ounce on the COMEX, while silver was falling 2.16% to $18.95 per ounce. 

On Friday Federal Reserve Bank of Boston President Eric Rosengren said "a reasonable case can be made" for raising interest rates.

"The recent hawkish stand by Fed members has taken the market by surprise," Peter Hug, global trading director at Kitco Metals, wrote in a note cited by the Wall Street Journal. 

Precious metals such as gold and silver don't pay interest, and struggle to compete with yield-bearing assets when interest rates are higher.

Coeur Mining is a Chicago-based gold and silver producer. 

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

Coeur Mining's weaknesses include its very high debt management risk by most measures.

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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