Coeur Mining Stock Climbs 26% On A 6-Day Winning Streak

Coeur Mining (CDE) stock is on a 6-day winning streak, up 25.6% since the run began. That added about $3.4 billion to the company's market value, which now stands at about $16.8 billion. The stock closed at $16.45 on Monday, November 9, 39.3% below its 52-week high of $27.12 and 25.6% above its low of $13.10.

CDE Versus The S&P 500

Returns for CDE and the S&P 500 over the streak and the periods around it, all ending Monday, November 9 and including dividends:

How The Streak Compares With The Market

Over the same 6 trading days, the S&P 500 returned -0.4% including dividends, so the run is mostly Coeur Mining's own story rather than the market's. Over the past three months the stock is down 11.5%, a window that includes the streak; over the other 57 sessions of that window it was down 29.5%.

What The Numbers Say About The Rally

On the fundamentals, revenue grew 111.7% over the last twelve months, against a median of 8.7% for S&P 500 Materials stocks; its operating margin is 31.7%, versus a median of 13.4%; and the stock trades at 24.3 times trailing earnings against a median of 19.9. The business gives the rally real support, with revenue growth above the median and margins above the median.

If you are looking for strength with more behind it than a hot tape, our Guidance Momentum screen surfaces the names where management raised its own outlook.

For anyone who would rather back the theme than one company, a global gold miners ETF like RING holds the whole group, not just this stock. It is still a concentrated bet on one theme, which is the gap the portfolio below is built to close.

One Hot Stock Is A Story. Thirty Sound Ones Are A Strategy

A streak like this earns a place on your watchlist, and it also earns a question: how much of your outcome do you want depending on one company keeping this up?

The Trefis High Quality (HQ) Portfolio answers it with breadth: roughly 30 businesses picked for consistent cash generation, strong margins, and balance-sheet strength, sized and rebalanced by rules. It has a track record of outpacing a benchmark that combines the S&P 500, the S&P MidCap 400, and the Russell 2000. Follow the story; invest in the strategy.