Coeur Mining (CDE) Soars 1.79% on Production Outlook

Coeur Mining (CDE) shares rose to their highest level since July 2021 today, with an intraday gain of 1.79%.

The strategy of buying CDE shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years, with a 28.42% gain. This suggests that the strategy captured some of the subsequent volatility and price movements, although the returns were not as high as simply holding the stock for the entire period, which gained 124.84%. The 28.42% gain indicates that the strategy effectively capitalized on short-term price fluctuations, but the overall performance was still somewhat conservative compared to a longer-term holding approach.

Coeur Mining's stock price has been influenced by the company's anticipation of significant improvements in production volumes. The company projects year-over-year increases of 20% in gold and 62% in silver, which has likely contributed to the stock touching a 52-week high. This positive outlook on production has been a key driver for the recent stock price movement, as investors are optimistic about the company's future performance.