We recently published a list of These 10 Stocks Defied Thursday’s Slump. In this article, we are going to take a look at where Coeur Mining Inc. (NYSE:CDE) stands against other stocks that defied Thursday’s slump.

The stock market ended in the red territory anew on Thursday following a fresh wave of uncertainties and reports of a looming government shutdown that rattled investors.

The Dow Jones dropped by 1.30 percent, while the S&P 500 and Nasdaq declined by 1.39 percent and 1.96 percent, respectively.

Meanwhile, investors took refuge in 10 companies, predominantly mining firms, to mitigate the risks from the macroeconomic threats.

In this article, we have listed the 10 strongest stocks and detailed the reasons behind their performance.

To come up with the list, we considered only the stocks with at least $2 billion in market capitalization and $5 million in trading volume.

Aerial view of a gold mine, reflecting the company's precious metals mining operations.

Coeur Mining Inc. (NYSE:CDE)

Coeur Mining grew its share prices for a third consecutive day, adding 4.03 percent to finish at $5.94 each, as investors shifted to safer stocks to mitigate risks from the ongoing trade war.

CDE traded higher in line with its peers and rising gold prices, which, as of Thursday, was already nearing the $3,000 mark, ending at $2,982.87 per troy ounce.

Meanwhile, CDE also earned a “buy” rating from TD Securities and a price target of $7, representing a 17.8-percent upside from its last closing price.

Last year, CDE narrowed its net loss by 43.4 percent to $58.9 million from the $103.6 million registered in 2023, as revenues rose 28 percent to $1.05 billion year-on-year.

Just recently, CDE successfully acquired SilverCrest Metals, with the latter’s shareholders receiving 1.6022 CDE common shares for each SilverCrest common share. CDE issued more than 239 million shares in the transaction.

Overall, CDE ranks 7th on our list of stocks that defied Thursday’s slump. While we acknowledge the potential of CDE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CDE but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.