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Why Coeur Mining Stock Crashed on Wednesday

TheMotleyFool

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Why Coeur Mining Stock Crashed on Wednesday: https://pixabay.com/de/photos/gold-ingots-golden-schatz-513062/

Shares of Coeur Mining (NYSE: CDE) crumbled on Wednesday, falling more than 8% by 3 p.m. ET. Coeur derives nearly 70% of its revenue from gold and 20% from silver, making it highly susceptible to the prices of both precious metals.

Both gold and silver are in a downtrend, and March 18 provided investors with an even stronger reason to sell Coeur shares.

Image source: Getty Images.

Source Fool.com

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