We recently compiled a list of the 10 Firms, Predominantly Gold Miners, Lead Wednesday Rally. In this article, we are going to take a look at where Coeur Mining, Inc. (NYSE:CDE) stands against the other stocks.

Ten companies--predominantly gold miners--led Wednesday's rally on Wall Street, despite the latter's main indices closing mixed.

The Dow Jones eked out a 0.25 percent gain, while the S&P's main index inched up 0.16 percent. Nasdaq bucked counterparts, dipping by 0.06 percent.

We considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume to come up with Wednesday's top advancers.

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

Coeur Mining, Inc. (NYSE:CDE)

Coeur Mining, Inc. (NYSE:CDE) saw its share prices on Wednesday grow by 5.06 percent to finish at $6.44 apiece following higher gold prices that nearly hit a four-week high.

On Wednesday, spot gold rose by 0.3 percent to $2,657.38 per ounce, as of 02:15 p.m. ET, hitting its highest since December 13. Meanwhile, US gold futures settled 0.3 percent higher at $2,672.40.

Coeur Mining benefited from incoming president Donald Trump's recent criticism of the Federal Reserve for interest rates being "far too high."

Lower interest rates would look less appealing to investors and may force them to shift their funds into non-interest assets such as gold.

Overall CDE ranks 6th on our list of the firms that led Wednesday rally. While we acknowledge the potential of CDE as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than CDE but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

 

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock

 

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