Coeur Mining Inc. (CDE) had a rough trading day for Friday October 11 as shares tumbled 8.95%, or a loss of $-0.47 per share, to close at $4.78. After opening the day at $5.14, shares of Coeur Mining Inc. traded as high as $5.14 and as low as $4.77. Volume was 7.39 million shares over 22,259 trades, against an average daily volume of n/a shares and a total float of 236.38 million.
As a result of the decline, Coeur Mining Inc. now has a market cap of $1.13 billion. In the last year, shares of Coeur Mining Inc. have traded between a range of $5.99 and $2.78, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.
Coeur Mining Inc is a metals producer focused on mining precious minerals in the Americas. It is involved in the discovery and mining of gold and silver and generates the vast majority of revenue from the sale of these precious metals. The operating mines of the company are palmarejo, rochester, wharf, and kensington. Its projects are located in the United States, Canada and Mexico, and North America.
Coeur Mining Inc. is based out of Chicago, IL and has some 2,075 employees. Its CEO is Mitchell J. Krebs.
Coeur Mining Inc. is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.
