Movement Alert|Coeur Mining Rises 5.06% in Pre-Market Trading, Precious Metals Sector Rebounds After Prior-Session Selloff

Market Focus09-17 21:26

On September 17, Coeur Mining rose 5.06% in pre-market trading, trading at $19.88 per share, with turnover of $3.85 million. The rebound follows a sharp 5% decline in the prior session triggered by gold's volatile intraday reversal.

On the news front, the precious metals sector staged a broad pre-market recovery after spot gold surged over 3% to $4,371.96 per ounce on September 16 before pulling back sharply, causing heavy sector-wide volatility. As a high-beta gold and silver miner, Coeur Mining's rebound magnitude led the group, alongside Wheaton Precious Metals up 3.91%, Kinross Gold up 4.03%, and Agnico Eagle Mines up 3.79%.

It is worth noting that the company's Q2 adjusted EPS of $0.12 significantly missed the consensus estimate of $0.32, while revenue of $1.086 billion also fell short of the expected $1.286 billion, representing a 62.5% earnings miss. Looking ahead, the company's full-year guidance targets gold production of 690,000 ounces, silver production of 20 million ounces, and adjusted EBITDA of $2.3 billion, signaling continued operational expansion despite near-term fundamental headwinds.

(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.)

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