Why Coeur Mining Stock Popped Today

By Rich Smith – Mar 27, 2026 at 12:12PM ESTKey PointsGold prices popped on Friday -- but are down 13% since before the Iran war began.Coeur stock is down even more: 37%, but its growth prospects look lumpy.Coeur Mining (CDE +4.76%) stock jumped 6% through 11:55 a.m. ET Friday after weak gold prices finally took a turn for the better this morning. After tumbling over the past month and continuing to slip lower for most of the week, the price of gold finally jumped 4% in late morning trading. Image source: Getty Images. What's up with Coeur Mining stock going down? The price of gold is down 13% since the day before the Iran war began, falling from $5,248 per ounce to just $4,560.80 today. Coeur Mining, which mines gold, has been hit much harder, losing a staggering 37% of its market capitalization over the same one-month period. This disparity in declines, however, is starting to attract attention from Wall Street analysts -- especially given the long-term prospects for gold price gains. In a note yesterday, Wells Fargo forecast that gold prices that topped $5,600 in January could return to those levels -- and even rise more -- as the shiny metal resumes its historical role as a store of value and a safe haven in times of global unrest. Wells believes gold prices could close out 2026 trading between $6,100 and $6,300 an ounce -- and that depressed gold stock prices provide a "tactical" buying opportunity today. ExpandNYSE: CDECoeur MiningToday's Change(4.76%) $0.77Current Price$16.94Key Data PointsMarket Cap$17BDay's Range$16.02 - $17.4752wk Range$4.58 - $27.77Volume22MAvg Vol29MGross Margin39.31% What it means for Coeur Mining stock I agree with the broad thesis -- but I'd still be cautious about Coeur. Although priced at only 18.6 times trailing earnings -- and even cheaper when valued on forward earnings -- analysts polled by S&P Global Market Intelligence seem to think Coeur is approaching the top of its earnings cycle. Coeur earnings are forecast to nearly triple this year, but rise only 21% in 2027 -- then begin falling. Coeur may look cheap today -- but keep an eye on the long term.Read NextMar 18, 2026 •By Neha ChamariaWhy Coeur Mining Stock Crashed on WednesdayMar 11, 2026 •By Matt DiLallo7 Best Gold ETFs for 2026: Should You Invest?Mar 11, 2026 •By Rich SmithWhy Coeur Stock Dropped Again TodayMar 10, 2026 •By Eric VolkmanWhy Couer Mining Stock Topped the Market TodayMar 9, 2026 •By Rich SmithWhy Coeur Mining Stock Dropped TodayMar 3, 2026 •By Rich SmithWhy Coeur Mining Stock Crashed TodayAbout 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$16.94(+4.76%)+$0.77*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.