Why Coeur Mining Stock Keeps Falling

Core Insights - Coeur Mining's stock has experienced a significant decline, falling 6.1% recently and 24% since reaching an all-time high of nearly $26 per share on January 27 [1] - The drop in Coeur Mining's stock price is attributed to falling gold and silver prices, with gold prices dropping from an all-time high of $5,419.80 per ounce to below $4,660, and silver prices falling from $116.58 to $76.67 [3][4] Company Performance - Coeur Mining's current stock price is $19.47, with a market capitalization of $13 billion [5] - The stock has a gross margin of 31.80% and a trailing P/E ratio of 30, but a forward P/E ratio of less than 10 due to expected earnings growth of 90% next year, resulting in a PEG ratio of about 0.3 [6][7] Market Context - The decline in precious metal prices is seen as a potential buying opportunity for Coeur Mining stock, as analysts suggest that despite the current price drop, the long-term outlook remains positive [8]