Why Coeur Mining Stock Crashed Today

By Rich Smith – Mar 3, 2026 at 1:41PM ESTKey PointsWar in the Mideast initially drove gold prices higher, but they're falling today.Coeur is one of the more expensive gold stocks, and not priced well for falling gold.Coeur Mining (CDE 1.49%) stock tumbled 11.2% through 1:30 p.m. ET Tuesday. As you've probably heard, there's conflict in the Middle East. Ordinarily, investors flee to gold and silver as safe havens in troubled times. At first, that's how the story appeared to be playing out this time as well. Problem is, gold and silver prices are tanking today, and now investors are selling this gold mining stock. (Coeur also mines silver.) Image source: Getty Images. Gold and silver prices fall Gold prices closed February around $5,278 per ounce, according to data from TradingEconomics.com. Prices spiked after U.S. and Israeli forces began striking Iran over the weekend, rising as high as $5,416 early Monday before starting to fade. At last report, gold was trading at $5,107 per ounce, down 3.9% from yesterday's close. The story on silver is similar. Silver closed at $93.73 per ounce at the end of February before moving higher, topping $96.10 Monday. Today, silver is down 6.1% to $83.43 per ounce. ExpandNYSE: CDECoeur MiningToday's Change(-1.49%) $-0.36Current Price$23.76Key Data PointsMarket Cap$15BDay's Range$23.39 - $24.7552wk Range$4.58 - $27.77Volume14KAvg Vol24MGross Margin39.31% Is Coeur Mining stock a sell? Why are precious metals prices falling? For one thing, the U.S. dollar -- also a safe haven -- is strengthening. It costs fewer dollars to buy an ounce of gold or silver today, and so dollar-denominated prices for precious metals are falling. War can also be inflationary -- which should be good for precious metal prices. But if inflation spooks the Fed into holding interest rates steady, this could lower inflation long term -- or so the thinking goes. Personally, I expect gold and silver prices to rebound. The problem for Coeur investors is that, at a price-to-earnings ratio of 28x, higher gold and silver prices already seem "priced in." Worse, Coeur's earnings are forecast to fall next year. Whichever way gold prices move, I'd be cautious buying Coeur stock.Read NextFeb 19, 2026 •By Rich SmithWhy Coeur Mining Stock Popped Again TodayFeb 18, 2026 •By Rich SmithWhy Coeur Mining Stock Popped TodayFeb 17, 2026 •By Rich SmithWhy Coeur Mining Stock Dropped TodayFeb 13, 2026 •By Rich SmithWhy Coeur Mining Stock Popped TodayFeb 9, 2026 •By Rich SmithWhy Coeur Mining Stock Bounced Back TodayFeb 5, 2026 •By Rich SmithWhy Coeur Mining Stock Keeps FallingAbout the AuthorRich Smith is a contributing Motley Fool defense and stock market analyst covering publicly traded and emerging companies in defense, space, aerospace, and other sectors. Prior to The Motley Fool, Rich practiced international corporate law for Clifford Chance in Russia, and for the Russian-Ukrainian Legal Group in Moscow, Kyiv, and Washington, D.C. He holds a bachelor’s degree in international relations from the College of William & Mary, a law degree from the University of Baltimore, and a language certification from the International Institute of Russian Language & Culture in Tver, Russian Federation. The Globe and Mail once featured him as “one of the best stock pickers since 2009.”TMFDittyX@RichSmithFoolStocks MentionedCoeur MiningNYSE: CDE$23.76(-1.49%)-$0.36*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.