Coeur Mining (NYSE:CDE) Stock, Quote.Headers.trade-ideas

Coeur Mining

Coeur Mining Inc is a metals producer focused on mining precious minerals in the Americas. It is involved in the discovery and mining of gold and silver and generates the vast majority of revenue from the sale of these precious metals. The operating mines of the company are palmarejo, Rochester, Wharf, and Kensington. Its projects are located in the United States, Canada Mexico, and North America.

Government

Regulations

Commodities

U.S. mining trade groups aim to revive the defunct Bureau of Mines to ensure secure supply of critical minerals, but not without skepticism.

Mining Trade Groups Call For Revival Of The Bureau Of Mines

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Trading Ideas

AGRI

ALLG

AMCX

ATRA

AVTE

BIMI

BJDX

BMEA

BTDR

CETX

CNSP

EVTV

FCEL

FLFV

KAVL

LRHC

LXRX

MBIO

MEDS

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MYTE

NDRA

OUST

OVID

PRMW

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SCPX

SPCE

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VERO

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XPOF

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XXII

Why Ovid Therapeutics Shares Are Trading Lower By 19%? Here Are Other Stocks Moving In Monday&#39;s Mid-Day Session

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AGMRF

DOLLF

GLGDF

GSVRF

SVRSF

Source: Clive Maund 05/22/2024

Technical Analyst Clive Maund shares six silver stocks he thinks are ready to advance.

Expert Says These Six Silver Stocks Are Poised to Advance

Coeur Mining Inc

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Morgan Stanley ETF Trust Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF

CANDELARIA MINING CRP ORD by Candelaria Mining Corp.

Candelaria Mining Corp

CITY DEVELOPMENTS LTD ORD by City Developments, Ltd.

City Developments Ltd

CITY DEVELOPMENTS S/ADR by City Developments, Ltd.

CardieX Ltd

Raymond James analyst Brian MacArthur maintains Coeur Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>) with a Market Perform and raises the price target from $5 to $5.75.

Price Target

Analyst Ratings

Raymond James Maintains Market Perform on Coeur Mining, Raises Price Target to $5.75

BMO Capital analyst Kevin O'Halloran maintains Coeur Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>) with a Outperform and raises the price target from $6.75 to $7.5.

BMO Capital Maintains Outperform on Coeur Mining, Raises Price Target to $7.5

WIIM

PAAS

USAU

Shares of precious metals stocks are trading higher as gold and silver rise following softer-than-expected June CPI figures.

As the demand for critical minerals such as lithium and copper surges, mining trade groups in the U.S. advocate for the revival of the long-defunct Bureau of Mines. 
This initiative coincides with the <a href="https://www.benzinga.com/markets/commodities/24/04/38114381/critical-minerals-race-heats-up-us-eu-challenge-chinas-dominance">supply of critical minerals</a> becoming a matter of national security.
USBM Background: The U.S. Bureau of Mines (USBM) was established on July 1, 1910, under the Department of the Interior. Its primary mission was to ensure the nation had adequate supplies of nonfuel minerals for security and other needs. The Bureau conducted research on the extraction, processing, use and recycling of nonfuel mineral resources while minimizing environmental harm and protecting workers. It also collected and published statistical and economic information on all nonfuel mineral resource development phases.
Now Read: <a href="https://www.benzinga.com/news/large-cap/24/07/39647424/bhp-cuts-employee-incentives-misses-performance-goals">BHP Cuts Employee Incentives, Misses Performance Goals</a>
However, in 1996, during a period of budget cuts, the USBM was closed down. Its $152-million annual budget (equivalent to $304 million in 2024) was eliminated as part of a budget deal resolution after the conflict between Republicans and then-President Bill Clinton. That decision was not without negative backlash, as critics felt the nation was downsizing scientific research and funding.
Over two decades later, the situation in the domestic mining sector is complicated, hindering back the progress with permits for extraction and exploration. 
Time to Bring Back USBM? Today, some agencies are campaigning to bring USBM back, according to three sources who spoke <a href="https://www.reuters.com/markets/commodities/us-miners-push-washington-revive-long-dormant-bureau-mines-2024-07-05/">to</a> Reuters, confirming the campaign would start later this month.
"Mining decisions right now are spread across multiple government agencies, and that makes transparency and accountability very difficult,&#8221; said Rich Nolan, head of the National Mining Association. His agency leads the initiative alongside the American Exploration &amp; Mining Association and the Society for Mining, Metallurgy &amp; Exploration (SME).
Trade groups argue that a revived bureau could provide a unified approach to critical minerals policy, encompassing permitting, research funding and industry grants. Despite the push, trade groups acknowledge that success is unlikely before the next Congress assembly, which will run from 2025 to 2027.
&#8220;If a new bureau could bring some efficiency to a duplicative and inefficient permitting process, it could be a huge benefit to the country,&#8221; added Mitch Krebs, CEO of Coeur Mining Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>).
Still, not everyone agrees that reviving the bureau will resolve the industry's problems. Dr. Michelle Michot Foss, a fellow in energy, minerals, and materials at Rice University&#8217;s Baker Institute for Public Policy, expressed skepticism toward such a decision.
&#8220;The Bureau of Mines coming back into existence is not going to fix any of that. There&#8217;s nothing serious on the table that would make the mining industry function better than it is now,&#8221; she stated.
Whether the initiative is successful or not, the state of the U.S. mining sector will provide another source of political discussion in <a href="https://www.benzinga.com/topic/2024-election">the election year</a>.
Also Read: • <a href="https://www.benzinga.com/m-a/24/07/39623378/anglo-americans-coal-asset-sale-faces-hurdle-after-fire-at-major-mine">Anglo American&#8217;s Coal Asset Sale Faces Hurdle After Fire At Major Mine</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get started!

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GOLD

SBSW

Shares of precious metals stocks are trading higher as gold and silver rise following US jobs data.

Shares of precious metals stocks are trading higher as gold and silver rise amid a drop in the dollar following key US economic data.

General

Coeur Mining Reported Results From Multi-year Exploration Drilling And Development Program At Kensington Underground Gold Mine In Southeast Alaska,  Recent Assays Highlight Potential To Extend Its Reserve Based Mine Life To Over Five Years By Year-End

Shares of Ovid Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OVID#NASDAQ">OVID</a>) dipped 65.7% to $1.1285 after Takeda&#8217;s Skyline study in Dravet syndrome missed its primary endpoint.
Takeda Pharmaceutical Co Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAK#NYSE">TAK</a>) announced topline data from its SKYLINE and SKYWAY Phase 3 studies of Soticlestat (TAK-935) for the treatment of Dravet syndrome (DS) and Lennox-Gastaut syndrome (LGS).
AMMO shares dipped 19.1% to $2.0306 on Friday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Interactive Strength Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) shares climbed 148% to $7.07 after dipping 19% on Friday.</li>
<li>Mustang Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBIO#NASDAQ">MBIO</a>) shares jumped 145% to $0.32 after the company announced safety and efficacy data from the complete Waldenstrom Macroglobulinemia cohort of its Phase 1/2 clinical trial of MB-106, showing an overall response rate of 90% with one patient remaining in complete remission at 31 months.</li>
<li>Allego N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLG#NASDAQ">ALLG</a>) gained 126.4% to $1.6750 after the company and its majority shareholder, Meridiam, announced a transaction framework agreement under which Meridiam will launch a tender offer for all issued and outstanding Allego shares not owned by Meridiam, with the option to tender shares for $1.70 per share in cash.</li>
<li>Scinai Immunotherapeutics Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCNI#NASDAQ">SCNI</a>) shares gained 92.6% to $6.74 after surging 24% on Friday. Scinai Immunotherapeutics, last week, received a non-binding Letter of Intent from the European Investment Bank for converting loan into equity.</li>
<li>TRxADE HEALTH, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEDS#NASDAQ">MEDS</a>) rose 47% to $9.50.</li>
<li>The Aaron&#8217;s Company, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAN#NYSE">AAN</a>) gained 32.2% to $9.97 after the company announced that it entered into a definitive agreement to be acquired by IQVentures Holdings.</li>
<li>AgriFORCE Growing Systems Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGRI#NASDAQ">AGRI</a>) jumped 27% to $0.1044 after the company announced a $1 million share repurchase program.</li>
<li>Xponential Fitness, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPOF#NYSE">XPOF</a>) surged 21.3% to $13.68. Xponential Fitness announced the appointment of Mark King as Chief Executive Officer.</li>
<li>Silynxcom Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYNX#NASDAQ">SYNX</a>) gained 21.8% to $3.14.</li>
<li>Venus Concept Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERO#NASDAQ">VERO</a>) gained 13.6% to $1.0650 after the company announced that it has entered a new strategic resurfacing and skin tightening device supply arrangement with Skin Laundry Holdings.</li>
<li>Envirotech Vehicles, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVTV#NASDAQ">EVTV</a>) rose 12.8% to $1.4899.</li>
<li>CNS Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNSP#NASDAQ">CNSP</a>) gained 12.8% to $3.1459. CNS Pharmaceuticals recently announced pricing of registered direct offering and concurrent private placement.</li>
<li>ENDRA Life Sciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDRA#NASDAQ">NDRA</a>) gained 11.8% to $0.1159 after a 13G filing showed a 9.99% passive stake from S.H.N. Financial Investments Ltd.</li>
<li>Lexicon Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LXRX#NASDAQ">LXRX</a>) climbed 10.5% to $2.0099. HC Wainwright &amp; Co. analyst Joseph Pantginis initiated coverage on Lexicon Pharmaceuticals with a Buy rating and announced a price target of $10.</li>
<li>XTL Biopharmaceuticals Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTLB#NASDAQ">XTLB</a>) shares climbed 10.5% to $2.31 after falling around 5% on Friday. XTL recently entered into definitive agreement to acquire The Social Proxy.</li>
<li>Mirum Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIRM#NASDAQ">MIRM</a>) gained 10.2% to $28.58. Mirum&#8217;s Volixibat achieved interim analyses in VANTAGE PBC and VISTAS PSC studies.</li>
<li>Ouster, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OUST#NYSE">OUST</a>) shares rose 8.5% to $11.21. Ouster Director Virginia Boulet bought a total of 10,000 shares at an average price of $10.30.</li>
<li>Primo Water Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRMW#NASDAQ">PRMW</a>) gained 7.8% to $24.08 after the company and BlueTriton agreed to merge.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Aerovate Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVTE#NASDAQ">AVTE</a>) shares dipped 90.8% to $2.26 after the company reported 24-week topline results from phase 2b portion of IMPAHCT evaluating AV-101 for pulmonary arterial hypertension.</li>
<li>Kaival Brands Innovations Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KAVL#NASDAQ">KAVL</a>) shares dipped 33% to $3.9950. Kaival Brands Innovations Group shares jumped 338% on Friday after the company announced a $5 million offering of 3,012,048 units at $1.66 per unit.</li>
<li>Bluejay Diagnostics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BJDX#NASDAQ">BJDX</a>) fell 29.4% to $0.36 in pre-market trading after jumping 12% on Friday.</li>
<li>Workhorse Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKHS#NASDAQ">WKHS</a>) declined 26% to $2.22. Workhorse announced a 1-for-20 reverse stock split of its common stock last week after shareholders approved the move at the company's annual meeting of stockholders in May.</li>
<li>AMC Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) fell 25.7% to $11.67 after the company announced a private offering of $125 million of convertible senior notes.</li>
<li>iPower Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPW#NYSE">IPW</a>) shares fell 24.4% to $2.49 after the company announced a $5 million registered direct offering.</li>
<li>Scorpius Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCPX#NASDAQ">SCPX</a>) fell 21.3% to $0.0763 after the company received NYSE American notice of delisting and reported plans to appeal.</li>
<li>Atara Biotherapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATRA#NASDAQ">ATRA</a>) declined 20.8% to $0.4044. Atara Biotherapeutics announced a 1-for-25 reverse stock split.</li>
<li>22nd Century Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XXII#NASDAQ">XXII</a>) dipped 20.7% to $0.6405.</li>
<li>SELLAS Life Sciences Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLS#NASDAQ">SLS</a>) fell 20.6% to $1.19. SELLAS Life Sciences announced review of ongoing Phase 3 REGAL clinical trial of Galinpepimut-S in acute myeloid leukemia by IDMC.</li>
<li>Virgin Galactic Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPCE#NYSE">SPCE</a>) dipped 19.6% to $11.00.</li>
<li>Feutune Light Acquisition Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLFV#NASDAQ">FLFV</a>) shares fell 18.5% to $7.99.</li>
<li>MYT Netherlands Parent B.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYTE#NASDAQ">MYTE</a>) declined 13.1% to $4.31.</li>
<li>Biomea Fusion, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMEA#NASDAQ">BMEA</a>) fell 12.8% to $4.9190.</li>
<li>BIMI Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIMI#NASDAQ">BIMI</a>) shares fell 12.6% to $1.92 after gaining 23% on Friday.</li>
<li>Cemtrex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) fell 12.2% to $0.2451.</li>
<li>La Rosa Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRHC#NASDAQ">LRHC</a>) shares declined 11.1% to $1.04. La Rosa Holdings shares jumped around 76% on Friday after the company filed a request for the withdrawal of its registration statement on a Form S-1.</li>
<li>Evotec SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVO#NYSE">EVO</a>) shares declined 10.5% to $4.07.</li>
<li>ZKH Group Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZKH#NYSE">ZKH</a>) fell 10.2% to $3.5850. ZKH Group recently announced a $50 million share repurchase program.</li>
<li>Bitdeer Technologies Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTDR#NASDAQ">BTDR</a>) declined 9% to $9.05.</li>
<li>FuelCell Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) fell 6.8% to $0.7636.</li>
<li>Louisiana-Pacific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPX#NYSE">LPX</a>) declined 6.3% to $86.25 after Goldman Sachs downgraded the stock from Neutral to Sell and lowered its price target from $89 to $81.</li>
<li>Coeur Mining, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>) fell 5.3% to $5.44.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/06/39357134/wall-streets-most-accurate-analysts-spotlight-on-3-materials-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Materials Stocks Delivering High-Dividend Yields</a>

Why Ovid Therapeutics Shares Are Trading Lower By 19%? Here Are Other Stocks Moving In Monday's Mid-Day Session

Coeur Mining shares are trading higher amid strength in gold.

RGLD

Shares of precious metals stocks are trading lower amid a drop in gold and silver following US economic data.

Shares of precious metals companies are trading higher amid strength in gold and silver prices.

SSRM

Shares of precious metals companies are trading lower amid a drop in the price of gold and silver.

Source: <a href="https://www.streetwisereports.com/article/2024/05/22/expert-says-these-six-silver-stocks-are-poised-to-advance.html?utm_medium=feed">Clive Maund 05/22/2024</a>
Technical Analyst Clive Maund shares six silver stocks he thinks are ready to advance.
It was looking increasingly likely at the start of that month that the sector correction had run its course, and gold and silver were starting the week strong.
It, therefore, looks like another major upleg will begin imminently in many gold and silver (and copper) stocks. The following silver stocks, in particular, look poised to advance.
Note that if there are some stocks that we looked at before that are not on this list, it doesn&#39;t mean that they are not liked and won&#39;t perform, it&#39;s just that these are the most liked at this time.
Dolly Varden Silver Corp. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/dollf#OTC">DOLLF</a>) is a fine countertrend Pennant has formed in Dolly Varden over the past month that has brought it back to support above its rising 50-day moving average and unwound its earlier overbought condition.
The next upleg should start soon, and it could be big.
<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202452270645_1.jpg" style="height:857px; width:687px" />
GoGold Resources Inc. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/glgdf#OTC">GLGDF</a>): A zig-zagging countertrend Pennant has formed in GoGold in recent weeks, with the dip at the start of the month bringing it back to a nice &quot;buy spot&quot; above its moving averages that are set to cross soon and will on the next upleg that should begin shortly.
<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202452270707_2.jpg" style="height:857px; width:682px" />
Guanajuato Silver Co. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/gsvrf#OTC">GSVRF</a>): The correction of recent weeks in Guanajuato was exacerbated when it got whacked hard by a big funding at CA$0.20.
This funding was upscaled as a result of its being well taken up. The drop has, therefore, presented new buyers, especially with an opportunity to pick it up cheaply. The Accumulation line has held held up very well indeed on the drop, which implies that it will soon advance anew, especially as the sector advances and the funding is digested.
<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202452270733_3.jpg" style="height:857px; width:692px" />
Coeur Mining Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cde#NYSE">CDE</a>) has made what looks like a consolidation Flag over the past month, which should launch it into another upleg soon.
<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202452270751_4.jpg" style="height:857px; width:683px" />
Silver Mountain Resources Inc. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/agmrf#OTC">AGMRF</a>) did break out as expected early in April, but then, partly due at least to the sector correction, it came skidding back down again to lose all the gains and a little bit more.
It&#39;s oversold here at a support level, and some strong buying last week drove the Accumulation line higher, suggesting it&#39;s going back up again, so it is rated an Immediate Strong Buy here.
<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202452270815_5.jpg" style="height:857px; width:686px" />
Silver Storm Mining Ltd (OTC: <a class="ticker" href="https://www.benzinga.com/stock/svrsf#OTC">SVRSF</a>) was propelled higher during the first half of April on very strong buying with very big volume up days. Small wonder then that it has since not reacted back much on the sector correction.
Instead, what has happened is that a fine bull Pennant has formed on declining volume, which dwindled to a relatively low-level last week as it held above a clear line of support at CA$0.155, with the Accumulation line rising steeply. This implies that it will soon take off higher again, and the next upleg is likely to be STRONG.
<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202452270841_6.jpg" style="height:857px; width:684px" />
Important Disclosures:
<ol>
<li>Dolly Varden Silver Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.</li>
<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Dolly Varden Silver Corp.</li>
<li>Clive Maund: I determined which companies would be included in this article based on my research and understanding of the sector.</li>
<li>Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.</li>
<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>
Clivemaund.com Disclosures
The above represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund&#39;s opinions are his own, and are not a recommendation or an offer to buy or sell securities. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund&#39;s opinions on the market and stocks cannot be only be construed as a recommendation or solicitation to buy and sell securities.

Source: <a href="https://www.streetwisereports.com/article/2024/05/13/copper-explorer-gathers-experts-for-untapped-ariz-project.html?utm_medium=feed">Streetwise Reports 05/13/2024</a>
A Canadian copper company is putting together a team of experts to meet the challenge of providing the red metal needed for the energy transition. Find out which research firm has rated the stock a top performer.
As copper prices continue to rise on fears of shortages, one Canadian copper company is putting together a team of experts to meet the challenge of providing the red metal needed for the energy transition.
Vancouver-based World Copper Ltd. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/wcuff#OTC">WCUFF</a>) is focused on the exploration and development of its coppery porphyry projects in Arizona and Chile.
The Technical Advisory Committee announced Monday will work on the development of the Zonia project in Arizona to guide development issues such as permitting, construction, and ramp-up of the project.
Two committee members, mining executives Joe Phillips and Derek White, have been appointed, the company said.
&quot;The copper market is in desperate need of lower cost, faster to market copper oxide projects like Zonia&quot; said World Copper Chief Executive Officer Gord Neal. &quot;Mr. White and Mr. Phillips both understand the outstanding value proposition this asset offers and they bring a great deal of knowledge and experience in developing and building mines effectively.&quot;
<h2>A Top-5 Performer</h2>
Copper has climbed above US$10,000 a ton on the predictions of tighter supplies and rising consumption for use in electric vehicles (EVs) and power grides.
&quot;Prices of copper have risen 17% this year on fears of shortages, with aging mines forecast to struggle to keep pace with demand&quot; Mining.com reported.
ANZ Group Holdings Ltd. analysts, including Daniel Hynes, told the site that supply growth is stagnating.
Taylor Combaluzier of Red Cloud Securities has noted that Zonia &quot;has lots of untapped potential&quot; for copper.
<blockquote class="callOut left">Taylor Combaluzier of Red Cloud Securities has noted that Zonia &quot;has lots of untapped potential&quot; for copper.</blockquote>
&quot;It could either be rapidly developed for nearer-term production or potentially be expanded through exploration to increase the scale of the project&quot; Combaluzier wrote.
In March, WCU was named among Fundamental Research Corp.&#39;s (FRC) Top five performers of the week, the equity research firm reported in its March 4 note, taking the fifth spot after a week-over-week (WOW) return of 17%.
An updated mineral resource estimate (MRE) filed for Zonia by World Copper increased total resources by about 90% to about 198 million tonnes from a 2017 estimate, with contained copper increasing by 55% to about 1.03 billion pounds.
Escalones is about 100 kilometers from Santiago. Its PEA (preliminary economic assessment) estimates an inferred resource of 426 million tonnes of 0.367% copper, containing 3,447 pounds of copper. A coming catalyst includes a preliminary
feasibility study (PFS) of Zonia&#39;s main deposit.
<h2>The Catalyst: An &#39;Underappreciated&#39; Critical Mineral</h2>
EVs use more than three times as much copper, a preferred material for electrical conductors, as gas-burning cars. New copper production &mdash; and investment in exploration &mdash; will be needed to fuel the supply of those vehicles in the long term, analysts have said.
BMI analysts believe copper deficits could grow at an extreme pace over the coming decade as the clean energy revolution takes hold, predicting prices of US$11,500 per ton by 2032.
&quot;In the longer term, we expect the copper market to remain in deficit as the green transition accelerates along with the demand for &#39;green&#39; metals, including copper&quot; BMI&#39;s analysts said, according to Stockhead.
&quot;Based on industry-wide capital intensity data, we calculate that some US$196 billion of investment will be required&quot; a market analysis issued by RFC Ambrian said. &quot;Of this, US$80 billion is for greenfield projects, and US$116 billion is for brownfield projects, of which US$71 billion is simply for replacement capacity. A further US$35 billion of investment will be required to close the supply gap.&quot;
An S&amp;P report called copper &quot;one of the most underappreciated critical minerals.&quot;
&quot;Deeper electrification requires wires, and wires are primarily made from copper&quot; the report said.
Billionaire Robert Friedland, founder and executive co-chairman of Ivanhoe Mines Ltd. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/ivpaf#OTC">IVPAF</a>), has told Bloomberg that he feared copper prices could jump tenfold eventually.
&quot;We&#39;re heading for a train wreck here&quot; he said.
<h2>New Committee Members</h2>
According to the company, Joe Phillips has a &quot;distinguished track record in achieving revenue, profit, and business growth objectives for mining and manufacturing companies in the U.S. and 10 other countries globally. He has successfully built 14 mining projects in 11 different jurisdictions.&quot;
He was chief operating officer of Minera Tres Valles in Chile, where he designed and implemented the upgrade and expansion of its SX-EW copper operation, and has held senior management roles at Pan American Silver&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/paas#NYSE">PAAS</a>), Coeur Mining (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cde#NYSE">CDE</a>), and Carpathian Gold.
Phillips holds an undergraduate degree from the Colorado School of Mines and graduate studies in engineering management at the University of South Florida.
Derek White has more than three decades of experience in the mining and metals industry, World Copper said. Currently, he is president and CEO of Ascot Resources Ltd. Highlights of his career include the development and construction of the Carlota copper oxide mine in Arizona, Premier gold mine in British Columbia, and the world-class Sierra Gorda mine in Chile.
He has an undergraduate degree in Geological Engineering from the University of British Columbia and is also a chartered accountant, the company said.
<h2>Ownership and Share Structure</h2>
Wealth Minerals Ltd. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/wmllf#OTC">WMLLF</a>) owns about 11.51% of World Copper. About 27% is owned by management and insiders, including Director Robert Kopple with 8.37% and Board Chairman Hendrik van Alphen with 1.14% or 3.25 million shares. CEO Neal holds about 0.96%. The rest is retail.
Its market cap is CA$26.88 million. It has 178 million shares outstanding, including 126 million of them free-floating. It trades in a 52-week range of CA$0.20 and CA$0.055.
Important Disclosures:
<ol>
<li>World Copper Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.</li>
<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of World Copper Ltd.</li>
<li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li>
<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>

Global

IVPAF

WCUFF

WMLLF

Copper Explorer Gathers Experts for 'Untapped' Ariz. Project

Friday is shaping up to be one of the strongest days for metal commodities in recent years. Gold climbed over 1.7% toward a record-high close above $2,400 per ounce, silver surged more than 6% to its highest level since February 2013, and copper hit <a href="https://www.benzinga.com/topic/mining">an all-time high.</a>
What Happened: In a week marked by diminishing inflation fears, the case for Federal Reserve rate cuts strengthened. Additionally, news of a broad-based Chinese stimulus to support the struggling real estate sector sent metal commodities skyrocketing. Beijing announced measures such as reducing down payments for homebuyers and a state-financed package to convert unsold<a href="https://www.benzinga.com/markets/asia/24/05/38895805/china-goes-all-in-as-beijing-vows-to-buy-unsold-properties-chinese-stocks-rally-copper-hits-all-time"> properties into social housing.</a>
Copper, extremely sensitive to China&#8217;s economic health as the country is the top purchaser of the red metal, rallied 4% to above $5 a pound. This surge marked a fresh weekly all-time high and its strongest day since November 2022.
Precious metals like silver and gold positively reacted to both interest-rate and Chinese-related developments. Silver spiked above $30, breaking out of a triple-top resistance pattern.
Chart: Copper Hits All-Time High
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17151239/image-75-1024x495.png" alt="" class="wp-image-344275" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17151239/image-75-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17151239/image-75-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17151239/image-75-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17151239/image-75-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17151239/image-75.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Expert Insights on Metal Commodities</h3>
According to Otavio Costa, macro strategist at Crescat Capital, central banks are &#8220;acquiring gold to enhance the quality of their international reserves and thereby strengthen the credibility of their monetary systems.&#8221; 
He highlighted that unlike many investors and traders, central banks have a long-term perspective, meaning that &#8220;the accumulation of gold by these institutions is just beginning.&#8221;
According to analysts at Goldman Sachs, copper remains a focus amid an ongoing short squeeze that has sent futures to record highs. The investment bank maintains a positive outlook on copper, citing the market&#8217;s structural deficit and forecasting a 20% increase from current levels.
Jeff Currie, former Goldman Sachs commodities strategist and now chief strategy officer of energy pathways at Carlyle Group, stated in a Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-05-17/jeff-currie-says-copper-is-the-best-trade-he-s-seen-in-his-career?sref=TBDibEcD">interview </a>that the red mental still has more room to run, emphasizing copper&#8217;s importance in powering electric vehicles, updated grids and AI data centers.
Chart: Silver Notches Best-Performing Week Since August 2020
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17152107/image-76-1024x495.png" alt="" class="wp-image-344292" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17152107/image-76-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17152107/image-76-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17152107/image-76-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17152107/image-76-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17152107/image-76.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Mining Stocks Surge</h3>
The rally in metal commodities fueled broad-based gains on mining stocks. 
<ul>
<li>The SPDR S&amp;P Metals &amp; Mining ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XME#NYSE">XME</a>) rose 1.8% reaching April 2022 highs. Coeur Mining, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>) and Hecla Mining Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HL#NYSE">HL</a>) were the top gainers among miners, both up by 11%. </li>
</ul>
<ul>
<li>The Global X Copper Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COPX#NYSE">COPX</a>) skyrocketed 4.3%, hitting a record high since the fund&#8217;s inception in 2010. Taseko Mines Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGB#NYSE">TGB</a>), Ero Copper Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERO#NYSE">ERO</a>), and First Quantum Minerals Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FM#NYSE">FM</a>) were the fund&#8217;s top performers, up 7.3%, 6.8% and 6.6%, respectively</li>
</ul>
<ul>
<li>The Global X Silver Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIL#NYSE">SIL</a>) rose 5%, reaching April 2022 highs. Besides Coeur Mining and Hecla Mining Company, Endeavour Silver Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXK#NYSE">EXK</a>) also performed strongly, up 10%. </li>
</ul>
<ul>
<li>The VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>) surged 3%, also reaching April 2022 highs, with New Gold Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGD#NYSE">NGD</a>) topping the performance among gold miners, up nearly 12%.</li>
</ul>
Read now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38894659/bank-of-americas-contrarian-guru-unveils-best-portfolio-hedge-against-hard-landing-">Bank Of America&#8217;s Contrarian Guru Unveils Best Portfolio Hedge Against Hard Landing: &#8216;No One Is Long&#8217;</a>
Photo: Shutterstock

Macro Economic Events

Sector ETFs

Econ #s

Economics

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COPX

Market Vectors ETF Trust Market Vectors Gold Miners

Silver Rockets To 11-Year Highs, Copper Hits Record Peak, Gold Approaches Historic Close: Mining Stocks' Wild Ride

Shares of precious metals stocks are trading higher amid strength in gold and silver.

U.S. stocks were mixed, with the Dow Jones gaining around 0.1% on Friday.
Shares of Despegar.com, Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DESP#NYSE">DESP</a>) rose sharply during Friday's session after the company reported <a href="https://www.benzinga.com/quote/DESP/earnings">better-than-expected quarterly sales results.</a>
Despegar.com posted GAAP earnings of 7 cents per share, versus market estimates of 15 cents per share. The company's quarterly sales came in at $173.700 million beating expectations of $171.556 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Despegar.com shares jumped 19.7% to $15.01 on Friday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Doximity, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCS#NYSE">DOCS</a>) gained 19.7% to $28.41 reported stronger-than-expected financial results for the fourth quarter on Thursday.</li>
<li>Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) climbed 14.5% to $64.52 after the company announced a partnership with OpenAI.</li>
<li>Ouster, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OUST#NYSE">OUST</a>) gained 14.4% to $13.36.</li>
<li>CureVac N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVAC#NASDAQ">CVAC</a>) jumped 12.1% to $3.90</li>
<li>Autolus Therapeutics plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUTL#NASDAQ">AUTL</a>) rose 11.3% to $4.53 following first-quarter results.</li>
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) climbed 9.4% to $4.41.</li>
<li>Hecla Mining Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HL#NYSE">HL</a>) surged 8.6% to $5.97.</li>
<li>Endeavour Silver Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXK#NYSE">EXK</a>) gained 8.2% to $3.79.</li>
<li>Coeur Mining, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>) shares rose 7.7% to $5.68.</li>
<li>NovaGold Resources Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NG#NYSE">NG</a>) shares jumped 7.4% to $3.51</li>
<li>Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) gained 6.2% to $19.01 after B of A Securities upgraded the stock from Underperform to Buy and raised its price target from $14 to $24.</li>
<li>Mesoblast Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESO#NASDAQ">MESO</a>) rose 5.6% to $7.41.</li>
<li>RBC Bearings Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBC#NYSE">RBC</a>) shares climbed 4.5% to $279.55 following fourth-quarter results.</li>
<li>DouYu International Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOYU#NASDAQ">DOYU</a>) gained 4.3% to $10.96.</li>
</ul>
Now Read This:  <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38893741/jim-cramer-recommends-buying-this-sports-betting-companys-stock-i-think-its-terrific">Cramer Recommends Buying This Sports Betting Company&#8217;s Stock: &#8216;I Think It&#8217;s Terrific&#8217;</a>

ASTS

AUTL

CVAC

DESP

DOCS

DOYU

HOOD

MESO

RDDT

Despegar.com Posts Strong Sales, Joins Reddit, Robinhood And Other Big Stocks Moving Higher On Friday

Source: <a href="https://www.streetwisereports.com/article/2024/05/13/copper-explorer-gathers-experts-for-untapped-ariz-project.html?utm_medium=feed">Streetwise Reports 05/13/2024</a>
A Canadian copper company is putting together a team of experts to meet the challenge of providing the red metal needed for the energy transition. Find out which research firm has rated the stock a top performer.
As copper prices continue to rise on fears of shortages, one Canadian copper company is putting together a team of experts to meet the challenge of providing the red metal needed for the energy transition.
Vancouver-based World Copper Ltd. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/wcuff#OTC">WCUFF</a>) is focused on the exploration and development of its coppery porphyry projects in Arizona and Chile.
The Technical Advisory Committee announced Monday will work on the development of the Zonia project in Arizona to guide development issues such as permitting, construction, and ramp-up of the project.
Two committee members, mining executives Joe Phillips and Derek White, have been appointed, the company said.
&quot;The copper market is in desperate need of lower cost, faster to market copper oxide projects like Zonia&quot; said World Copper Chief Executive Officer Gord Neal. &quot;Mr. White and Mr. Phillips both understand the outstanding value proposition this asset offers and they bring a great deal of knowledge and experience in developing and building mines effectively.&quot;
<h2>A Top-5 Performer</h2>
Copper has climbed above US$10,000 a ton on the predictions of tighter supplies and rising consumption for use in electric vehicles (EVs) and power grides.
&quot;Prices of copper have risen 17% this year on fears of shortages, with aging mines forecast to struggle to keep pace with demand&quot; Mining.com reported.
ANZ Group Holdings Ltd. analysts, including Daniel Hynes, told the site that supply growth is stagnating.
Taylor Combaluzier of Red Cloud Securities has noted that Zonia &quot;has lots of untapped potential&quot; for copper.
&quot;It could either be rapidly developed for nearer-term production or potentially be expanded through exploration to increase the scale of the project&quot; Combaluzier wrote.
In March, WCU was named among Fundamental Research Corp.&#39;s (FRC) Top five performers of the week, the equity research firm reported in its March 4 note, taking the fifth spot after a week-over-week (WOW) return of 17%.
An updated mineral resource estimate (MRE) filed for Zonia by World Copper increased total resources by about 90% to about 198 million tonnes from a 2017 estimate, with contained copper increasing by 55% to about 1.03 billion pounds.
Escalones is about 100 kilometers from Santiago. Its PEA (preliminary economic assessment) estimates an inferred resource of 426 million tonnes of 0.367% copper, containing 3,447 pounds of copper. A coming catalyst includes a preliminary
feasibility study (PFS) of Zonia&#39;s main deposit.
<h2>The Catalyst: An &#39;Underappreciated&#39; Critical Mineral</h2>
EVs use more than three times as much copper, a preferred material for electrical conductors, as gas-burning cars. New copper production &mdash; and investment in exploration &mdash; will be needed to fuel the supply of those vehicles in the long term, analysts have said.
BMI analysts believe copper deficits could grow at an extreme pace over the coming decade as the clean energy revolution takes hold, predicting prices of US$11,500 per ton by 2032.
&quot;In the longer term, we expect the copper market to remain in deficit as the green transition accelerates along with the demand for &#39;green&#39; metals, including copper&quot; BMI&#39;s analysts said, according to Stockhead.
&quot;Based on industry-wide capital intensity data, we calculate that some US$196 billion of investment will be required&quot; a market analysis issued by RFC Ambrian said. &quot;Of this, US$80 billion is for greenfield projects, and US$116 billion is for brownfield projects, of which US$71 billion is simply for replacement capacity. A further US$35 billion of investment will be required to close the supply gap.&quot;
An S&amp;P report called copper &quot;one of the most underappreciated critical minerals.&quot;
&quot;Deeper electrification requires wires, and wires are primarily made from copper&quot; the report said.
Billionaire Robert Friedland, founder and executive co-chairman of Ivanhoe Mines Ltd. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/ivpaf#OTC">IVPAF</a>), has told Bloomberg that he feared copper prices could jump tenfold eventually.
&quot;We&#39;re heading for a train wreck here&quot; he said.
<h2>New Committee Members</h2>
According to the company, Joe Phillips has a &quot;distinguished track record in achieving revenue, profit, and business growth objectives for mining and manufacturing companies in the U.S. and 10 other countries globally. He has successfully built 14 mining projects in 11 different jurisdictions.&quot;
He was chief operating officer of Minera Tres Valles in Chile, where he designed and implemented the upgrade and expansion of its SX-EW copper operation, and has held senior management roles at Pan American Silver (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/paas#NYSE">PAAS</a>), Coeur Mining (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cde#NYSE">CDE</a>), and Carpathian Gold.
Phillips holds an undergraduate degree from the Colorado School of Mines and graduate studies in engineering management at the University of South Florida.
Derek White has more than three decades of experience in the mining and metals industry, World Copper said. Currently, he is president and CEO of Ascot Resources Ltd. Highlights of his career include the development and construction of the Carlota copper oxide mine in Arizona, Premier gold mine in British Columbia, and the world-class Sierra Gorda mine in Chile.
He has an undergraduate degree in Geological Engineering from the University of British Columbia and is also a chartered accountant, the company said.
<h2>Ownership and Share Structure</h2>
Wealth Minerals Ltd. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/wmllf#OTC">WMLLF</a>) owns about 11.51% of World Copper. About 27% is owned by management and insiders, including Director Robert Kopple with 8.37% and Board Chairman Hendrik van Alphen with 1.14% or 3.25 million shares. CEO Neal holds about 0.96%. The rest is retail.
Its market cap is CA$26.88 million. It has 178 million shares outstanding, including 126 million of them free-floating. It trades in a 52-week range of CA$0.20 and CA$0.055.
Important Disclosures:
<ol>
<li>World Copper Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.</li>
<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of World Copper Ltd.</li>
<li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li>
<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>

The stock market is poised to mark a third consecutive session of gains, with major indices all trading in the green during midday trading in New York on Monday, as traders continue to react positively to quarterly earnings and the Federal Reserve&#8217;s unexpectedly dovish stance <a href="https://www.benzinga.com/economics/macro-economic-events/24/05/38584705/federal-reserve-takes-cautious-stand-on-inflation-powell-signals-preference-for-r">in its latest meeting.</a>
For Q1 2024, 80% of S&amp;P 500 companies have disclosed actual results, with over three quarters of them surpassing EPS estimates and 61% exceeding revenue estimates, according to FactSet.
The S&amp;P 500 rose by 0.4%, with the tech-heavy Nasdaq 100 showing a similar daily surge. Small caps, as measured by the iShares Russell 2000 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>), outperformed large caps, rising by 1.2%.
Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) surged over 6% ahead of its Q1 results, set to be released after the market closes. The broader chipmaker industry, as tracked by the iShares Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NYSE">SOXX</a>), rose 1.7%, showing solid gains. 
Commodities performed strongly overall, with natural gas prices surging nearly 6% to a 4-month high. West Texas Intermediate (WTI) light crude oil rose by 1%, on track to break a 5-day losing streak. 
Crude oil faced notable volatility around 12:47 EDT as gains were initially trimmed on news of Hamas accepting a ceasefire proposal, but then it partially recovered those losses after Israeli Forces stated that Hamas had agreed to a modified version not accepted by Israel.
Gold and silver also saw robust demand, with gold up over 0.7% and silver rallying about 3%.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) softened 0.8%, with prices retracing after testing the 50-day moving average resistance at $65,500-$65,900 levels.
<h3 class="wp-block-heading">Monday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,065.27</td>
<td>1.2%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,002.16</td>
<td>0.6%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,156.88</td>
<td>0.6%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>38,736.04</td>
<td>0.2%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:45 p.m. EDT </figcaption></figure>
The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.6% to $514.40, the&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.2% to $387.45 and the tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.6% to $437.98, according to&nbsp;<a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.&nbsp;
Sector-wise, the Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) outperformed, up 1.3%, followed by the Industrials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>), up 0.8%. The Consumer Staples Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) was the major laggard, down 0.4%.
<h3 class="wp-block-heading">Monday&#8217;s Stock Movers</h3>
<ul>
<li>Tyson Foods Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) fell over 7%, after the company missed the Street&#8217;s revenue estimates last quarter.</li>
<li>Other companies reacting to earnings were Loews Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/L#NYSE">L</a>) up 1.6%, CNA Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNA#NYSE">CNA</a>) up 0.5%, Jones Lang LaSalle Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JLL#NYSE">JLL</a>) up 4%, Freshpet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRPT#NASDAQ">FRPT</a>) up over 6%, Brookfield Renewable Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEPC#NYSE">BEPC</a>) up 3%, and Integra LifeSciences Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IART#NASDAQ">IART</a>) down 21%,</li>
<li>Gold and silver miners rallied sharply Monday, on the heels of surging metal prices. The VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>) was up 2.4%, while the Global X Silver Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIL#NYSE">SIL</a>) rocketed 2.9%. Notable outperformers for the industry were Coeur Mining Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>), Hecla Mining Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HL#NYSE">HL</a>) and Fortuna Silver Mines Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSM#NYSE">FSM</a>) all screening a 5% surge.</li>
<li>Shares of Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) rose over 5% following a report by The New York Times on Sunday, indicating that the special committee approved initiating deal discussions with Sony and Apollo.</li>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) fell over 12% after it rallied by about 50% over the last two sessions. </li>
<li> Companies reporting after the close include ADTRAN Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTN#NASDAQ">ADTN</a>), Coty Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COTY#NYSE">COTY</a>), Fidelity National Information Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIS#NYSE">FIS</a>), FMC Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMC#NYSE">FMC</a>), Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>), Lumentum Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LITE#NASDAQ">LITE</a>), Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), Microchip Technology Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>), The Williams Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMB#NYSE">WMB</a>), Vornado Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNO#NYSE">VNO</a>). </li>
</ul>
Read now: <a href="https://www.benzinga.com/news/24/05/38648277/tesla-lays-off-more-employees-over-weekend-report">Tesla Lays Off More Employees Over Weekend: Report</a>
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Stocks On Track For Third Green Session, Palantir Ignites Rally In Chipmakers, Commodities Rebound: What's Driving Markets Monday?

Coeur Mining shares are trading higher amid strength in gold prices.

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Fundamentally, the bull case for precious metals miner Coeur Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>) zeroes in on an opportunistic narrative. Inflation will likely rise,...

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RBC Capital analyst Michael Siperco maintained a Buy rating on Coeur Mining (CDE – Research Report) on May 29 and set a price target of $7.50. The ...

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Big things come in small packages and these three top Russell 2000 stocks are small-caps on their way to mid-cap status. There are <a href="https://investorplace.com/2024/06/treasure-hunt-3-small-cap-stocks-wall-street-hasnt-discovered-yet/">strong tailwinds behind them</a> pushing them forward. Although their stocks are enjoying strong gains, each has the opportunity to pad their lead even more.



So far this year the small-cap Russell 2000 index is flat compared to where it started 2024. It has only added half the gains of the S&amp;P 500 over the past year. But as economic conditions improve to allow the Federal Reserve to cut interest rates, look for small-cap stocks to gain supremacy.



That&rsquo;s because small-caps are <a href="https://investorplace.com/2024/06/3-unstoppable-sp-600-stocks-to-buy-in-june/">hit harder by high interest rates</a> than their larger brethren. Because they are more constrained in their ability to access financing, the higher borrowing costs forcefully affect their bottom line. That could change by year&rsquo;s end and bring with it the promise of more rate cuts to come in 2025.



The three top Russell 2000 stocks below are already sitting pretty in challenging conditions. Put a better financial environment in front of them and this may just be a portent of what they can achieve.



<h2>ABM Industries (ABM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/cleaning1600-300x169.jpg" alt="Someone cleaning a kitchen table with a spray bottle and towel.. AERC, SNOA Stock"><div>Source: Maridav/ShutterStock.com</div></div>Janitorial and building maintenance services seems like just the sort of business investing legend Peter Lynch would like. He advocated buying <a href="https://investorplace.com/2024/05/3-under-the-radar-stocks-that-legendary-investor-peter-lynch-would-love/">boring, under-the-radar stocks</a> the market ignored. ABM Industries (NYSE:<a href="https://investorplace.com/stock-quotes/abm-stock-quote/">ABM</a>) fits the bill.



After languishing since the pandemic when buildings and facilities were shut down, ABM is on the road to recovery and recently hit a new all-time high. Although its business may seem far removed from the rigors and excitement of artificial intelligence, it just found a way to capitalize on the technology&rsquo;s growth and proliferation.&nbsp;



ABM <a href="https://www.abm.com/abm_event/abm-expands-position-and-capabilities-in-fast-growing-data-center-industry-with-acquisition-of-quality-uptime-services/">just announced the acquisition</a> of Quality Uptime Services for $119 million. The business provides uninterrupted power supply system (UPS) maintenance and UPS battery maintenance for data centers and similar facilities across the country. Because of AI&rsquo;s demands on data center capacity, there is a massive build-out underway for the industry.



<a href="https://www.mckinsey.com/industries/technology-media-and-telecommunications/our-insights/investing-in-the-rising-data-center-economy">U.S. data center demand</a> will grow 10% annually through 2030 with construction hitting $49 billion, according to McKinsey &amp; Company. Yet with hyperscalers forecast to expand 20% annually, that outlook could be conservative.



ABM stock is up 13% this year and 19% over the past 12 months. Trading at 12 times earnings and estimates and going for a deeply discounted 11 times free cash flow (FCF), the janitorial and maintenance services company offers a bargain-basement valuation for this sleepy growth stock.



<h2>Coeur Mining (CDE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/09/costco-gold-bars1600-300x169.png" alt="Gold bars and Financial concept, studio shots. Costco's gold bars, cost stock"><div>Source: Misunseo / Shutterstock.com</div></div>There is gold to be mined in the top Russell 2000 stocks and Coeur Mining (NYSE:<a href="https://investorplace.com/stock-quotes/cde-stock-quote/">CDE</a>) gives you actual nuggets to buy. The precious metals miner has 3.2 million ounces of proven and probable gold reserves and almost 244 million ounces of silver reserves across its North American mines. Although it missed analyst expectations on revenue and profits in the first quarter, it is ready to ramp up production which should see it glitter in the year ahead and beyond.



Coeur achieved commercial production at its Rochester, Nevada mine at the end of the quarter. <a href="http://Top%20Russell%202000%20Stocks">Costs of finishing the expansion project</a>, however, caused the miner to report a GAAP net loss from continuing operations of $29 million, or 8 cents per share. However, production levels are expected to increase over the rest of the year, due almost wholly to the ramp-up at Rochester.



Prices for gold and silver are elevated. They go for $2,360 per ounce for gold and over $30 per ounce for silver. Coeur Mining stock is now at an all-time high of $6 per share and continuing to expand.&nbsp;



<h2>Ensign Group (ENSG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/senior-care-1600-300x169.jpg" alt="A nurse is helping a older woman. Elder care. Senior care."><div>Source: Rido / Shutterstock</div></div>Skilled nursing facility specialist Ensign Group (NASDAQ:<a href="https://investorplace.com/stock-quotes/ensg-stock-quote/">ENSG</a>) is the third top Russell 2000 stock to buy now. It is a leading operator in the space with <a href="https://investor.ensigngroup.net/news/news-details/2024/The-Ensign-Group-Acquires-Two-Skilled-Nursing-Facilities-in-Colorado/default.aspx">302 healthcare facilities</a>, including 27 senior living operations, across 14 states. But Ensign is on a growth-by-acquisition trajectory.



While that can quickly scale up a business, it does carry risks. Buying up competitors isn&rsquo;t a problem until it is. An addition may not perform well and diverts management&rsquo;s attention from its core operations. So far, though, Ensign has <a href="https://investorplace.com/2024/03/small-cap-slam-dunks-3-russell-2000-stocks-to-own-this-march/">proved adept at integrating</a> its acquisitions into its business. Particularly with the sort of low-quality facilities it acquires.



Yet that is also what sets Ensign apart. It buys these one- and two-star-rated nursing care operations and then upgrades them. So despite just 44% of its facilities earning four or five stars, it is a process that will eventually see them improve.



Shares of ENSG also just recently hit a new record high. Although the stock is premium priced across various metrics including price-to-earnings, sales and free cash flow, it is a solid company worth the price.&nbsp;



On the date of publication, Rich Duprey held a LONG position in ABM stock. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Rich Duprey has written about stocks and investing for the past 20 years. His articles have appeared on Nasdaq.com, The Motley Fool, and Yahoo! Finance, and he has been referenced by U.S. and international publications, including MarketWatch, Financial Times, Forbes, Fast Company, USA Today, Milwaukee Journal Sentinel, Cheddar News, The Boston Globe, L&rsquo;Express, and numerous other news outlets.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/top-small-cap-picks-3-unstoppable-russell-2000-stocks-to-buy-in-july/">Top Small-Cap Picks: 3 Unstoppable Russell 2000 Stocks to Buy in July</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Top Small-Cap Picks: 3 Unstoppable Russell 2000 Stocks to Buy in July

There's a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Osisko Gold Royalties (OR – Research Report), Coeur M...

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Gold stocks are the ultimate hedge against inflation. While the recent rally has put the top names in the spotlight, plenty of stocks flying under the radar show massive potential. 



Before diving into the gold stocks to invest in, let&rsquo;s understand why gold serves as a good hedge against inflation. As one of the oldest investment classes in history, gold offers a store of value that remains unmatched. It has tangible, real-world use cases and unlike fiat currencies, it is limited in supply and retains its value. Moreover, gold prices do not correlate with the market, making it a great diversification tool. 



While gold has always remained a solid investment choice, 2024 is shaping up to be a solid year for the yellow metal. Gold prices hit <a href="https://www.reuters.com/markets/commodities/gold-soars-record-peak-us-rate-cut-bets-burnish-appeal-2024-07-17/">a record high</a> on July 17th as news of an anticipated interest cut and a weak dollar boosted demand. The momentum is set to continue, with Bank of America (NYSE:<a href="https://investorplace.com/stock-quotes/bac-stock-quote/">BAC</a>) predicting gold prices could <a href="https://www.cnbc.com/2024/06/24/gold-could-rally-to-3000-over-the-next-12-18-months-according-to-bank-of-america.html">reach $3,000</a> in the next year. The current spot price for gold is over $2,400. 



Investing in physical gold can be expensive and cumbersome, making gold stocks an attractive alternative for exposure to the asset. Amid the recent price rally, several top gold stocks have experienced significant gains this year. However, several lesser-known names show promise of substantial returns. 



<h2>Kinross Gold Corp (KGC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/04/kinross-kgc-1600-300x169.jpg" alt="Cellphone with business logo of Canadian mining company Kinross Gold Corp. on screen in front of webpage."><div>Source: T. Schneider / Shutterstock.com</div></div>First up on the list is Kinross Gold Corp (NYSE:<a href="https://investorplace.com/stock-quotes/kgc-stock-quote/">KGC</a>). The company is involved in the exploration and extraction of gold and silver ore. It maintains a wide portfolio of operations with mines across the U.S., Canada, Chile, Brazil and Mauritania. 



Kinross boasts impressive mining numbers. In 2023, the company produced <a href="https://www.kinross.com/news-and-investors/news-releases/press-release-details/2024/Kinross-reports-2023-fourth-quarter-and-full-year-results/default.aspx">2.1 million ounces</a> of gold, with its mines in the Americas accounting for 71% of total production. Coming into 2024, Kinross produced <a href="https://www.investing.com/news/stock-market-news/earnings-call-kinross-gold-on-track-with-robust-q1-production-93CH-3432232">527,000 tonnes in the first quarter</a> and is on track to meet its 2.1 million target this year. 



In addition to strong production numbers, Kinross gives investors plenty of reasons to remain optimistic about its growth. In the <a href="https://kinrossworld.kinross.com/en/kinross-reports-2024-first-quarter-results/">last earnings report,</a> the company reported profit margins at $1,088 per ounce with $2 billion in liquidity. KGC is also a dividend-paying stock with an annual yield of 1.33%. Its healthy cash position hints at robust dividend growth. 



Despite a 79% price gain in the last 12 months, KGC stock appears to be attractively valued at a <a href="https://finance.yahoo.com/quote/KGC/key-statistics/?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAAMoL9rZUZqciMffNrjiMyR0mf_mEdz6R07Xh_urSaO__V76PGZLuwUIkKT3aQauIimYW4Ghk9FpiI5aZ2kSlZe3UJMsS_cq-ceEdCyhX_TedurF6-m1Q7SuFpfymeE08_-WtjyoKlJ9nBxJL60dd6xJ31pIP5BVmwzvwUO7hf4LH">forward P/E of 15.6.</a> Coupled with its strong financials and massive growth potential, this is one of the top under-the-radar gold stocks to hedge inflationary risks. 



<h2>Coeur Mining (CDE)</h2>



<div><img width="300" height="165" src="https://investorplace.com/wp-content/uploads/2017/03/cdemsn-300x165.jpg" alt=""><div>Source: Shutterstock</div></div>Next up is Coeur Mining (NYSE:<a href="https://investorplace.com/stock-quotes/cde-stock-quote/">CDE</a>), a producer of precious metals with operations across several regions, including Mexico, Nevada, South Dakota, Alaska and an exploration site in British Columbia. It has been a strong year for CDE stock, with shares up 101% this year. Much of this growth was driven by China.



Coeur Mining&rsquo;s production numbers are just as impressive as its share price. Earlier this month, the company announced that its newly expanded mine in Rochester achieved its mid-year target run rates. At full capacity, the production levels at this mine will be <a href="https://www.coeur.com/investors/news/news-details/2024/Expanded-Rochester-Mine-Achieves-Mid-Year-Target-Run-Rates/default.aspx">2.5 times higher</a> than historic levels. That amounts to 32 million tons per year. 



According to Coeur&rsquo;s CEO, the increased production levels will increase cash injection and lower debt levels. This makes the stock an ideal hedge against inflation. Looking at the bigger picture, CDE expects total gold production rates for the year to exceed 2023 levels. The company projects production rates between <a href="https://www.coeur.com/investors/news/news-details/2024/Coeur-Reports-First-Quarter-2024-Results/default.aspx">310,000 to 355,000 ounces.</a> 



With strong production rates and an expanding business, CDE is an underdog play with plenty of potential. The company also recorded a 76% increase in EBITDA from the prior year, making this one of the best gold stocks to hedge against inflation. 



<h2>DRDGOLD Limited (DRD)</h2>



<a href="https://investorplace.com/wp-content/uploads/2016/08/DRDGold.jpg"><img width="185" height="185" src="https://investorplace.com/wp-content/uploads/2016/08/DRDGold.jpg" alt="The logo for DRDGOLD Ltd (DRD)."></a>DRDGOLD Limited (NYSE:<a href="https://investorplace.com/stock-quotes/drd-stock-quote/">DRD</a>) is an under-the-radar small-cap stock that pays a strong dividend and shows plenty of growth potential. Unlike traditional gold mining companies, South Africa-based DRDGOLD is responsible for the extracting, processing and smelting of gold. It recovers gold from the surface tailings at the Witwatersrand basin in Gauteng.



DRDGOLD&rsquo;s financials are not too shabby. For the six months ended on December 31st, 2023, the company reported a revenue <a href="https://www.drdgold.com/media-insights/media-releases/2024/1637-drdgold-reports-a-12-revenue-increase-on-the-back-of-a-higher-gold-price-interim-dividend-makes-it-the-17th-consecutive-year">increase of 12%</a> to R2 974.2 million and an operating profit rise of 15% to R909.3 million. The rally in gold prices drove these gains.



This year, DRD is in major expansion mode and has invested in Phase II of Far West Gold Recoveries, which will double plant capacity. While the capital investments will eat into costs, the company still expects to meet its production output for the year. DRDGOLD&rsquo;s upcoming projects hint at massive growth in the long haul.



For income-focused investors, DRD stock has also been paying dividends for 17 consecutive years, currently at a 4.6% annual yield. The company&rsquo;s strong performance and optimistic outlook make it one of the top gold stocks to hedge inflation.



On the date of publication, Divya Premkumar did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article. 
<div>Divya has a background in finance and accounting and has worked in FP&amp;A roles at Fortune 500 companies. She is an avid reader and enjoys writing on a variety of topics including stocks, crypto, blockchain and global policy.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/3-under-the-radar-gold-stocks-to-hedge-against-inflation-july-2024/">3 Under-the-Radar Gold Stocks to Hedge Against Inflation: July 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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Coeur Mining

Coeur Mining (CDE) Forecast

Coeur Mining (NYSE:CDE) Stock, Quote.Headers.trade-ideas