Why Coeur Mining Stock Dropped Today
Up one day and down the next, Coeur Mining (NYSE: CDE) stock must be driving investors bonkers -- but it's pretty easy to explain.
Coeur mines gold after all (Coeur also mines silver, zinc, and lead). When the price of gold rises, Coeur stock tends to rise; when the price of gold falls, Coeur stock tends to fall. Today, gold prices are falling, and Coeur stock is following them down: 8% as of 10:10 a.m. ET Tuesday.
Image source: Getty Images.
Source Fool.com
