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.
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