NEW YORK, June 28, 2026, 14:09 EDT
- Coeur Mining, Inc. NYSE:CDE closed Friday at $16.02, up 0.19%, with 168.66 million shares traded. The stock fell 8.5% since the June 18 close.
- Friday’s volume was roughly 5.1 times Google Finance’s average and made up about 16% of Coeur’s post-New Gold shares.
- U.S. equity markets reopen Monday, June 29, for a week shortened by the July 3 Independence Day holiday.
U.S. stock trading is paused for Sunday. Coeur Mining, Inc. NYSE:CDE heads into the week with a simpler index profile but softer performance: shares fell in its first week in the S&P MidCap 400, despite one of the highest trading volumes of the year.
Coeur ended Friday at $16.02, up 3 cents on the day but down from $17.51 at the June 18 close, the last session before the Juneteenth holiday. Friday’s volume was 168.66 million shares, compared with Google Finance’s average of 33.00 million.
The angle is the difference between volume and price. On Friday, Coeur traded about $2.7 billion in volume, equal to nearly 16% of its $16.51 billion market cap. The price didn’t move much. That’s notable now that the stock is larger, more index-linked, and more subject to passive flows after the New Gold deal and its S&P MidCap 400 addition. Volume can reflect the same shares trading multiple times, so it doesn’t equal changes in ownership.
Coeur announced on June 8 it will join the S&P MidCap 400 prior to the market’s open on June 22. The company linked the move to two recent acquisitions and said it owns and operates seven mines and projects in the United States, Canada and Mexico.
Friday was also the date for Russell’s index reconstitution. FTSE Russell said the updated U.S. indexes take effect after the close on June 26 and will launch on Monday, June 29. Nasdaq, Inc. NASDAQ:NDAQ said its Closing Cross processed a record 4.59 billion shares valued at $334.03 billion during the Russell reconstitution.
Steven DeSanctis, equity analyst at Jefferies, told Reuters the Russell rebalance could be “a very large trade.” Melissa Roberts, head of quantitative research at Stephens, described the day as a “key liquidity day” and put the total trade at close to $150 billion. Reuters
| Market item | June 26 close | Friday move | Change from June 18 close |
|---|---|---|---|
| Coeur Mining NYSE:CDE | $16.02 | up 0.19% | down 8.5% |
| Amplify Junior Silver Miners ETF (NYSEARCA:SILJ) | $26.12 | up 2.23% | down 6.4% |
| Global X Silver Miners ETF (NYSEARCA:SIL) | $78.42 | up 1.73% | down 6.3% |
| Silver futures | $59.224 | up 1.48% | down 10.7% |
| S&P MidCap 400 | 3,816.3 | down 0.16% | up 0.7% |
The table shows daily closing prices for Coeur, the silver miner ETFs, silver futures, and the S&P MidCap 400. Coeur dropped more than either silver miner ETF during the period, while silver futures fell further. The S&P MidCap 400 gained 0.7%.
This week also tested the stock’s larger share base. Coeur finished buying New Gold Inc.’s assets on March 20, issuing about 392.7 million shares in the process. The deal brought Coeur’s total outstanding shares to about 1.03 billion.
The next quarterly report will be more important than the index print. Coeur’s first quarter counted just 11 days of output from New Afton and Rainy River. In that period, those assets produced 14,145 ounces of gold, 22,989 ounces of silver and 1.4 million pounds of copper.
Coeur posted first-quarter revenue of $856 million, operating cash flow of $341 million, and GAAP net income of $247 million. The 2026 output outlook is 680,000 to 815,000 ounces of gold, 18.7 million to 21.9 million ounces of silver, and 50 million to 65 million pounds of copper. CEO Mitchell Krebs said Coeur had a “strong start” to a year he expects will set records. Coeur Mining
Precious metals gave mixed support heading into the weekend. Reuters said spot silver gained 2.2% to $59.12 on Friday, while spot gold remained down 2.1% for the week. “Gold is seeing a modest rebound,” said Jim Wyckoff, market analyst at American Gold Exchange. Reuters
The coming week is shortened. Russell’s updated indexes begin trading on Monday, while U.S. stock markets will be closed Friday, July 3, for Independence Day. For Coeur, the main question is whether volume returns to normal after Friday’s index changes, and if the stock can close the gap with other silver miners in the S&P MidCap 400.
