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Why Coeur Mining, Inc. (CDE) Went Down Last Week
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Coeur Mining, Inc. (NYSE:CDE) saw a significant decline of 17.4% in its stock price last week, closing at $5.46, down from $6.61. This drop was attributed to missed earnings expectations despite a 28% increase in revenue to $1.05 billion and a narrowed net loss of $58.9 million. The company recently acquired SilverCrest Metals, issuing over 239 million shares in the process. While CDE's potential as an investment is acknowledged, some analysts believe AI stocks may offer better returns in the near term.
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