Coeur Mining Inc. is trading 5.3% down today at $18.17 amid several negative company-specific developments, compounded by a broader pullback in precious metals.
- RBC Capital cut its price target on the stock to $23 from $26, although it maintained an "Outperform" rating, according to news reports from June 3rd.
- News also emerged of a significant insider sale by the company's VP & Corporate Controller, Kenneth J. Watkinson, who sold 39,000 shares valued at over $725,000.
- The stock's decline is also in line with a retreat in precious metals, with both gold and silver futures trading lower today.