Gold Miners Dominate Tuesday’s Worst-Performing Stocks

Wall Street’s main indices bounced back from a bloodbath on Tuesday as investors gobbled up shares on hopes that the US-China trade tensions can subside.

The Dow Jones rallied by 2.66 percent, the S&P 500 rose by 2.51 percent, and the Nasdaq surged by 2.71 percent.

Despite a broader market optimism, 10 companies, predominantly gold miners, were heavily sold down amid lower gold prices.

In this article, we have listed the 10 worst-performing firms and detailed the reasons behind their drop.

To come up with the list, we considered only the stocks with more than $1 billion in market capitalization and $5 million in trading volume.

A man in a black suit holding a tablet looks at stock market data on a monitor. Photo by Tima Miroshnichenko on Pexels

10. Coeur Mining Inc. (NYSE:CDE)

Coeur Mining fell for a third straight day on Tuesday, losing 3.36 percent to close at $5.75 apiece as investors sold off positions in line with the decline in gold prices while repositioning portfolios ahead of its first quarter earnings results.

As of this writing, spot prices of gold were down to $3,340.94 per ounce after touching the $3,500 territory in the previous trading day.

Meanwhile, CDE said it would report its first quarter operational and financial performance after market hours on May 7, 2025. Investors will be closely watching out for whether the company updates its outlook for the year and whether it will beat or miss analysts’ earnings estimates.

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.

9. Harmony Gold Mining Company Ltd. (NYSE:HMY)

Harmony Gold dropped its share prices by 3.9 percent on Tuesday to end at $17.01 apiece as investor funds flocked to higher-yielding assets such as Bitcoin amid the drop in spot prices of gold.

As of this writing, spot prices of gold were at $3,340.94 per ounce, marking a drop from the $3,500 territory in the previous trading session.

In recent news, HMY earned a higher price target of ZAR 295 from ZAR 205 previously, while keeping a hold rating on the shares.

Earlier this year, the company said that its net income in the first semester grew by 33 percent to R7.9 billion from R5.96 billion in the same period a year earlier, as revenues rose by 18 percent to R37.1 billion from R31.4 billion, with gold revenues contributing to total revenue growth, increasing 19 percent to R35.4 million from R29.7 million.