Why Coeur Mining Inc.'s Shares Plunged 13% Today
Shares of Coeur Mining Inc. (NYSE: CDE) fell as much as 12.7% in trading Thursday after the precious metals extractor reported its second-quarter results. At 1:30 p.m. EDT, shares were still down 10.1% for the day.
Revenue fell 4.7% in the quarter to $173.4 million, and the gold and silver miner swung from net income of $14.5 million a year ago to a net loss of $11 million, or $0.06 per share. Its adjusted net loss of $0.01 per share met analysts' expectations, but there's concern that higher costs will its ability to return to profitability later in the year.
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Source: Fool.com
Coeur Mining Inc. Stock
€13.58
-10.290%
Coeur Mining Inc. is currently one of the favorites of our community with 20 Buy predictions and no Sell predictions.
With a target price of 21 € there is a hugely positive potential of 54.64% for Coeur Mining Inc. compared to the current price of 13.58 €.
