Gold and Silver Report: Gold Dips, CDE Stock Slides

by Christopher Freeburn | May 8, 2014 4:41 pm

Gold prices edged lower on Thursday, declining for the third consecutive session.

gold and silver gold prices CDE stockOn a mixed day for silver miners, Coeur d’Alene Mining (CDE[1]) dropped sharply. CDE announced a first-quarter loss of 19 cents, which was better than the loss of 31 cents that analysts had expected[2]. However, quarterly revenue of $159.6 million, down 7% year-over-year, fell short of the $164.5 million that Wall Street had anticipated. CDE stock closed down almost 3%.

Gold futures for June delivery dipped 0.1% to $1,287.70 per ounce on Thursday, according to CME Group[3]. Gold prices were as high as $1,295.50 and as low as $1,284.80. Bullion closed in London at $1,292, according to BullionVault[4].

Silver futures for July delivery fell 1% to $19.14 per ounce. Thursday’s high for silver was $19.39, while the low was $19.13.

Here’s how metal-based funds and mining stocks fared on Thursday:

Gold and Silver Funds

Gold and Silver Mining ETFs

Gold Miners

Silver Miners

As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault[23] contributed to this report.

Endnotes:

  1. CDE: http://studio-5.financialcontent.com/investplace/quote?Symbol=CDE
  2. analysts had expected: http://www.mideasttime.com/coeur-mining-cde-releases-quarterly-earnings-beats-estimates-by-0-12-eps/137449/
  3. CME Group: http://www.cmegroup.com
  4. BullionVault: http://www.bullionvault.com
  5. GLD: http://studio-5.financialcontent.com/investplace/quote?Symbol=GLD
  6. IAU: http://studio-5.financialcontent.com/investplace/quote?Symbol=IAU
  7. SLV: http://studio-5.financialcontent.com/investplace/quote?Symbol=SLV
  8. GDX: http://studio-5.financialcontent.com/investplace/quote?Symbol=GDX
  9. GDXJ: http://studio-5.financialcontent.com/investplace/quote?Symbol=GDXJ
  10. SIL: http://studio-5.financialcontent.com/investplace/quote?Symbol=SIL
  11. AEM: http://studio-5.financialcontent.com/investplace/quote?Symbol=AEM
  12. ABX: http://studio-5.financialcontent.com/investplace/quote?Symbol=ABX
  13. EGO: http://studio-5.financialcontent.com/investplace/quote?Symbol=EGO
  14. GG: http://studio-5.financialcontent.com/investplace/quote?Symbol=GG
  15. KGC: http://studio-5.financialcontent.com/investplace/quote?Symbol=KGC
  16. NEM: http://studio-5.financialcontent.com/investplace/quote?Symbol=NEM
  17. NG: http://studio-5.financialcontent.com/investplace/quote?Symbol=NG
  18. AUY: http://studio-5.financialcontent.com/investplace/quote?Symbol=AUY
  19. HL: http://studio-5.financialcontent.com/investplace/quote?Symbol=HL
  20. PAAS: http://studio-5.financialcontent.com/investplace/quote?Symbol=PAAS
  21. SLW: http://studio-5.financialcontent.com/investplace/quote?Symbol=SLW
  22. SSRI: http://studio-5.financialcontent.com/investplace/quote?Symbol=SSRI
  23. BullionVault: http://www.bullionvault.com/

Source URL: https://investorplace.com/2014/05/gold-and-silver-report-gold-prices-cde-stock/