New York, June 29, 2026, 06:03 (EDT)
- Coeur Mining, Inc. NYSE:CDE traded at $15.84 in the premarket after closing Friday at $16.02. The NYSE regular session was still closed at the dateline.
- Trading volume on Friday hit 168.66 million shares, over four times the four-session average, according to Investing.com data.
- The premarket price came in nearly 16% under Coeur’s reported May repurchase average of $18.91.
- Coeur joined the S&P MidCap 400 before the open June 22.
Coeur Mining, Inc. NYSE:CDE started Monday’s premarket under the level it paid for much of its May buyback, drawing new attention to the miner’s repurchase strategy just a week after it joined the S&P MidCap 400.
CDE traded at $15.84 in premarket at 05:54 ET, off 1.1%. Shares closed Friday at $16.02, up 0.2%. Intraday range ran from $15.755 to $16.919. NYSE opens at 9:30 a.m. ET, so regular trading had not started yet.
CDE’s price barely budged Friday, but the volume jumped. The stock traded 168.66 million shares on June 26, way up from 36.34 million on June 25, 41.84 million on June 24, 46.55 million on June 23, and 37.93 million on June 22. That’s around 4.1 times the average volume from the previous four sessions.
| Date | Close | Change | Volume |
|---|---|---|---|
| Jun. 26 | $16.02 | up 0.19% | 168.66 mln |
| Jun. 25 | $15.99 | rose 3.36% | 36.34 mln |
| Jun. 24 | $15.47 | fell 5.21% | 41.84 mln |
| Jun. 23 | $16.32 | dropped 6.58% | 46.55 mln |
| Jun. 22 | $17.47 | down 0.23% | 37.93 mln |
This isn’t hard evidence of forced index trades. S&P Dow Jones Indices only said Coeur is set to join the S&P MidCap 400 on June 22 in the materials sector. The point for holders is more basic: lots of shares traded around $16, but the price never got back to the buyback range.
Coeur said in a May 15 Form 8-K it bought back 3,989,969 shares at an average price of $17.46 each, spending around $69.7 million. Most of the buybacks—3,175,840 shares—were done in May at an average $18.91, totaling about $60 million. The company reported $680.3 million still authorized under its repurchase program.
| Coeur buyback item | Shares | Average price | Spend / capacity | Gap to $15.84 |
|---|---|---|---|---|
| Shares repurchased through May 15 | 3.99 mln | $17.46 | $69.7 mln spent | -9.3% |
| Shares repurchased in May | 3.18 mln | $18.91 | $60.0 mln spent | -16.2% |
| Buyback authorization left | n/a | n/a | $680.3 mln left | about 4.1% of market value |
With Coeur’s market cap at about $16.57 billion, the leftover buyback authorization amounts to just over 4% of its equity value. If all of it went toward shares at $15.84, that would mean buying around 43 million shares. Coeur hasn’t committed to spending it all or buying at that price.
Mining shares traded higher in early Monday action. VanEck Gold Miners ETF (NYSEARCA:GDX) rose 1.7% to $77.00, and Global X Silver Miners ETF (NYSEARCA:SIL) gained 1.7% to $78.42. CDE’s premarket price was weaker. Gold futures dropped 1.2% and silver futures slipped 0.5% on Investing.com.
| Instrument | Latest shown | Change |
|---|---|---|
| Coeur Mining premarket | $15.84 | -1.12% |
| VanEck Gold Miners ETF | $77.00 | up 1.71% |
| Global X Silver Miners ETF | $78.42 | up 1.65% |
| Gold futures | $4,045.90 | off 1.23% |
| Silver futures | $58.175 | down 0.52% |
Nasdaq 100 futures led gains early Monday as U.S. stock index futures moved higher with some relief on Middle East worries. By 5:00 a.m. ET, S&P 500 E-minis rose 0.68%, Nasdaq 100 E-minis added 1.02% and Dow E-minis climbed 0.3%. “U.S. and Iran signals were aimed at lower oil prices and boost stocks,” Kyle Rodda, senior financial market analyst at Capital.com, told Reuters. Reuters
Coeur’s outlook still depends on higher output, stronger metals prices and its two recent acquisitions. In May, Coeur posted first-quarter revenue of $856 million, GAAP net income from continuing operations of $247 million, and adjusted EBITDA of $475 million. The miner produced 96,503 ounces of gold and 4.4 million ounces of silver for the quarter.
Chief Executive Mitchell J. Krebs said Coeur is off to a “strong start to what is expected to be a record year.” He pointed out the quarter only included 11 days from New Afton and Rainy River after closing the New Gold deal on March 20. SEC
The company held its full-year 2026 outlook at 680,000 to 815,000 ounces for gold, 18.7 million to 21.9 million ounces for silver, and 50 million to 65 million pounds for copper. Shares traded Monday near the lower half of their 52-week range on Investing.com of $8.565 to $27.770.
