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Shares of Coeur Mining Drop on Earnings Loss


Shares of Coeur Mining Drop on Earnings Loss

Shares of precious-metals miner Coeur Mining (NYSE: CDE) were down as much as 11% in early morning trading and are down 7.6% as of this writing after the company posted disappointing third-quarter earnings.

The company announced today that it had produced a net loss of $0.09 per share on $176 million in revenue for the quarter. Wall Street was expecting a $0.01 per-share profit for the quarter, and that pretty much explains the stock price drop.

Image source: Getty Images.

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Source: Fool.com

Coeur Mining Inc. Stock

€15.04
11.080%
A very strong showing by Coeur Mining Inc. today, with an increase of €1.51 (11.080%) compared to yesterday's price.
Coeur Mining Inc. is currently one of the favorites of our community with 19 Buy predictions and no Sell predictions.
With a target price of 21 € there is a positive potential of 39.63% for Coeur Mining Inc. compared to the current price of 15.04 €.
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