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.
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Source: Fool.com
Coeur Mining Inc. Stock
€5.90
1.690%
We see a rather positive sentiment for Coeur Mining Inc. with 7 Buy predictions and 1 Sell predictions.
With a target price of 6 € there is a slightly positive potential of 1.63% for Coeur Mining Inc. compared to the current price of 5.9 €.
