TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  Benzinga

Coeur Shares Are Trading Lower Monday: What's Going On?

Benzinga Logo Benzinga By Dylan Berman
Coeur Shares Are Trading Lower Monday: What's Going On?

Coeur Mining announced an acquisition of New Gold for $7 billion, creating a North American precious metals producer, which initially caused Coeur's stock price to drop.

Insights
RAL   neutral

Mentioned as the result of Fortive's Precision Technologies segment spin-off, with no specific performance details provided


CDE   neutral

Stock price dropped 12.41% following acquisition announcement, but the deal is described as accretive and strategically beneficial