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.
Image source: Getty Images.
Source: Fool.com
Coeur Mining Inc. Stock
€4.99
0.320%
With 9 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 6 € shows a positive potential of 20.31% compared to the current price of 4.99 € for Coeur Mining Inc..
