Although volatility in metal prices clouds the near-term prospects for the Zacks Mining - Non Ferrous industry, stocks like FCX, LUNMF, CDE, ERO and LEU are worth keeping a tab on, backed by their growth prospects.
With the Federal Reserve poised to cut interest rates for the first time since 2019 to help bolster the economy, the outlook for gold continues to be bullish.
CDE announces positive trends observed at the Rochester mine, which is on track to meet its 2024 production guidance.
Silver North Resources (TSX-V:SNAG, OTCQB:TARSF) told investors it has completed the 2024 drilling program at its Tim Property. A total of 2,252 metres were drilled across six holes during the drilling program, operated by Coeur Mining (NYSE:CDE).
Silver North Resources (TSX-V:SNAG, OTCQB:TARSF) said it is “extremely pleased” with exploration progress at its Tim property in Yukon, which is being operated by Coeur Mining (NYSE:CDE), Inc. (NYSE: CDE) under an option agreement. The exploration program has completed over 1,300 meters of drilling across four holes, focusing on the Wolf Fault, a structure with significant potential for carbonate replacement deposit (CRD) mineralization.
Coeur Mining (CDE) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to loss of $0.06 per share a year ago.
Coeur Mining (CDE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Gold stocks are the ultimate hedge against inflation. While the recent rally has put the top names in the spotlight, plenty of stocks flying under the radar show massive potential.
The outlook of Zacks Mining - Non Ferrous industry is promising, backed by strong demand from the energy-transition trend. Stocks like SCCO, FCX, LUNMF, CDE and ERO are poised well to benefit from this.
Silver North Resources (TSX-V:SNAG, OTCQB:TARSF) announced that the 2024 drilling program has commenced at the Tim silver project in Yukon, which is under option to Coeur Mining (NYSE:CDE). The company said Coeur is funding and operating the program under its option agreement to earn up to an 80% interest in the property.
Coeur Mining (CDE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Here is how Coeur Mining (CDE) and Hecla Mining (HL) have performed compared to their sector so far this year.