Movement Alert|Coeur Mining Rises 6.1% in Regular Trading, Gold Sector Rallies on Central Bank Buying and Explosive Uptrend Thesis

Market Focus
Aug 19

On August 19, Coeur Mining rose 6.1% in regular trading, trading at $20.05/share, with turnover of $83.54 million. The stock rebounded sharply after closing down 4.14% in the prior session.

On the news front, the gold sector rallied broadly, with peers Newmont Mining up 7.12%, Kinross up 6.84%, Agnico Eagle Mines up 6.86%, and Barrick Mining up 6.01%, reflecting strong sector-wide momentum. Deutsche Bank recently noted that gold remains in an explosive uptrend phase that began in 2024, with central bank purchases reaching all-time highs in real dollar terms. The Bank of Korea purchased approximately $250 million in gold ETFs in Q2, marking its first gold investment in 13 years, further reinforcing bullish sentiment.

At the company level, despite Q2 adjusted EPS of $0.12 missing the consensus estimate of $0.32, Coeur Mining's forward guidance — targeting 690,000 ounces of gold, 20 million ounces of silver, 45 million pounds of copper, and adjusted EBITDA of $2.3 billion — has helped offset near-term earnings concerns.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10