On August 6, Coeur Mining fell 5.34% in pre-market trading, trading at $16.52/share, with turnover of approximately $1.15 million. The decline was triggered by the company's Q2 earnings report released after the prior session's close, which significantly missed analyst expectations.
Coeur Mining reported Q2 adjusted earnings of $0.12 per diluted share, down 25% from $0.16 a year earlier and missing the consensus estimate of $0.32 by 62.5%. Revenue for the quarter rose to $1.086 billion from $480.7 million a year ago but fell short of the $1.286 billion analyst expectation. The miss is particularly notable given that the stock had surged nearly 7% in the prior session on robust earnings anticipation and a broad precious metals sector rally.
Despite the quarterly shortfall, the company issued its full-year outlook projecting gold production of 690,000 ounces, silver production of 20 million ounces, copper production of 45 million pounds, and adjusted EBITDA of $2.3 billion, reflecting ongoing multi-metal expansion efforts.
(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.)