CHICAGO, July 5, 2026, 16:04 CDT
- Coeur ended July 2 at $17.30, up 4.59%. NYSE was closed July 3 for the Independence Day holiday.
- Shares rose 8.0% across the four-session week. Volume on June 26 was strong—about 1.3 times what the following four sessions saw in total.
- This week will gauge if fresh index demand lasts after Coeur joined the Russell 1000 and midcap value groups.
U.S. markets are shut for the holiday weekend, so no trading in Coeur Mining, Inc. NYSE:CDE on Friday. The NYSE closed for the Independence Day observance. Trading will start again Monday in the normal 9:30 a.m. to 4:00 p.m. ET window.
Coeur ended the regular session July 2 at $17.30, up 76 cents, or 4.59%. In after-hours trading, the stock ticked to $17.34. Google Finance put market cap at $17.83 billion, volume at 34.83 million shares. The stock’s 52-week range ran from a low of $8.56 to a high of $27.77.
Most of the action was in volume. Coeur jumped from $16.02 on June 26 to $17.30 by July 2, up 8% in four days. The four sessions after June 26 moved a total of 127.1 million shares. But on June 26 alone, volume hit 168.66 million. That was the day of the Russell rebalance, with the new Russell indexes going live after the U.S. close.
The rebound didn’t settle the index-day issue. Coeur got picked up by the Russell 1000 Index, Russell Midcap Index and the Russell 1000 Value Benchmark. It also dropped out of some Russell small-cap and growth indexes. Passive funds needed to adjust right away. Active managers will now choose whether they still want to hold the stock after the passive trades.
Reuters said ahead of the rebalance that fund managers were set to shift portfolios to line up with the new Russell weights. Steven DeSanctis, equity analyst at Jefferies in New York, called it a “really massive trade” and said: “The turnover is dramatic.” Reuters
| Security | Last available U.S. price | Latest move | Investor read |
|---|---|---|---|
| Coeur Mining, Inc. NYSE:CDE | $17.30 | +4.59% | Bounced after Russell close |
| Hecla Mining Co. NYSE:HL | $16.33 | about +4.6% | Followed silver-miner rally |
| First Majestic Silver Corp. NYSE:AG | $17.82 | about +4.5% | Moved with CDE |
| Pan American Silver Corp. NYSE:PAAS | $46.29 | about +4.5% | Big miner gained too |
| Global X Silver Miners ETF (NYSEARCA:SIL) | $80.20 | +3.84% | CDE topped the ETF |
| iShares Silver Trust (NYSEARCA:SLV) | $55.02 | +2.69% | Miners outperformed silver ETF |
Coeur climbed more than both the main silver-miner ETF and the silver trust in the last U.S. quotes before the holiday break.
Coeur moved into the S&P MidCap 400 before the open on June 22. The company called the index a key benchmark for institutional investors and index funds wanting access to U.S. mid-caps. Coeur closed July 2 at a price still 1.0% under its June 22 finish of $17.47.
Buyers got more fuel from the company’s latest numbers. In May, CEO Mitchell Krebs said, “Coeur delivered a strong start to what is expected to be a record year, with every mine in the portfolio contributing to record first quarter results.” For Q1, Coeur posted revenue of $856.2 million, adjusted EBITDA of $474.9 million, and free cash flow at $266.8 million. Coeur Mining
| Coeur metric | Q1 2026 | Q4 2025 | Q1 2025 |
|---|---|---|---|
| Revenue came in at $856.2 mln for Q1 2026, up from $674.7 mln in the prior quarter and $360.1 mln a year earlier. | |||
| Adjusted EBITDA reached $474.9 mln in Q1 2026, compared to $424.5 mln in Q4 2025 and $121.9 mln in Q1 2025. | |||
| Free cash flow dropped to $266.8 mln, down from $313.2 mln in Q4 2025, but well ahead of $17.6 mln in Q1 2025. | |||
| Cash, equivalents and short-term investments totaled $843.2 mln for Q1 2026, from $553.6 mln in Q4 and $77.6 mln last year. | |||
| Gold output for the quarter was 96,503 oz, trailing Q4’s 112,429 oz but higher than the 86,766 oz seen a year ago. | |||
| Silver production stood at 4.4 mln oz. That was off Q4’s 4.7 mln oz, but up from 3.7 mln oz year over year. |
Buybacks are now part of the main pitch for the stock. Coeur authorized a $750 million share repurchase, which is about 4.2% of its $17.83 billion market cap as of July 2. The dividend remains small, so buyback spending does more for the per-share number.
The New Gold deal shifted the mix of metals for Coeur. Krebs said in March gold output from New Afton and Rainy River would jump 80% and copper would get added to Coeur’s usual silver lineup. In Q1, Coeur reported $475.2 million in gold sales, $362.2 million in silver sales and $18.8 million in copper sales.
The coming week is set up around index moves and metals prices. Gold climbed 2.2% to $4,116.54 an ounce on July 2, after softer U.S. payroll numbers lowered the odds of more rate hikes. Silver added 2.6% to $60.69. “Gold has a tendency to perform better in lower interest rate environments,” said David Meger, director of metals trading at High Ridge Futures. Reuters
Silver was at $62.40 an ounce by July 3, according to Trading Economics, gaining 2.41% on the day but still off 15.49% for the month. Gold traded at $4,170.25 an ounce, up 1.15% for the day, down 6.81% for the month. For Coeur, Monday is a test for whether the stock can hold above its June 26 close without that rebalance-day volume.
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