Why Couer Mining Stock Topped the Market Today

An analyst initiated coverage of Coeur Mining (NYSE: CDE) on Tuesday, and many investors followed his advice by buying shares of the company. An uptick in gold and silver prices didn't hurt either. Over the course of the trading day, the company's stock rose by nearly 3% while the S&P 500 index dipped by 0.2%.The initiating individual was CIBC prognosticator Cosmos Chiu, who flagged Coeur as an outperformer (meaning its stock is a buy) at a price target of $40. That's almost double the company's most recent closing price. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool