Coeur Mining, Inc.
CDE
$0.00
-0.10%
Coeur Mining, Inc. is a metals producer focused on mining gold and silver in the Americas. It is a mid-tier precious metals miner with a portfolio of operating mines across the United States, Canada, and Mexico.
CDE
Coeur Mining, Inc.
$0.00
Related headlines
Investment Opinion: Should I buy CDE Today?
Based on a synthesis of the data, the objective assessment is a Hold. The company's stellar fundamentals, low forward P/E of 6.71, and strong free cash flow are powerful bullish arguments. However, these are counterbalanced by extreme price volatility, full dependency on volatile commodity cycles, and a recent technical breakdown from highs near $27. The stock appears to be in a consolidation phase after a major rally, suggesting investors should wait for more stability or a clearer trend in underlying metal prices before establishing new positions.
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CDE 12-Month Price Forecast
The investment thesis is bifurcated: superb fundamentals conflict with a volatile, momentum-driven stock price. The forward P/E suggests deep value, but the path to realizing it is fraught with commodity price uncertainty. The neutral stance reflects this tug-of-war between value and volatility.
Wall Street consensus
Most Wall Street analysts maintain a constructive view on Coeur Mining, Inc.'s 12-month outlook, with a consensus price target around $0.00 and implied upside of — versus the current price.
Average Target
$0.00
1 analysts
Implied Upside
—
vs. current price
Analyst Count
1
covering this stock
Price Range
$0 - $0
Analyst target range
Analyst data shows coverage from one analyst with an estimated average EPS of $2.55 for the upcoming period, ranging from $2.14 to $2.94. Estimated average revenue is $7.96 billion. Recent institutional ratings from firms like RBC Capital ('Outperform'), Roth Capital ('Buy'), and TD Securities ('Buy') indicate a generally positive sentiment, though Canaccord Genuity recently downgraded the stock to 'Hold' from 'Buy' in February 2026.
Bulls vs Bears: CDE Investment Factors
Coeur Mining presents a compelling but high-risk investment case. Fundamentally, the company is strong with explosive revenue growth, high profitability, and a pristine balance sheet. However, the stock is highly volatile and directly tethered to the unpredictable prices of gold and silver, leading to significant price swings and a recent sharp correction.
Bullish
- Strong Revenue and Profit Growth: Q4 2025 revenue grew 120.9% YoY with a net margin of 31.85%.
- Robust Financial Health: Low debt-to-equity (0.11), strong current ratio (2.0), and $665.7M TTM free cash flow.
- Attractive Forward Valuation: Forward P/E of 6.71 is low, suggesting significant earnings growth potential.
- High Capital Efficiency: Strong ROE of 17.68% and ROA of 13.22% indicate effective asset use.
Bearish
- High Volatility and Recent Downtrend: Stock down 30.87% in 1 month, with a beta of 1.186 indicating high volatility.
- Vulnerability to Commodity Prices: Stock price heavily influenced by volatile gold and silver prices.
- Elevated Valuation Multiples: Trailing P/E of 19.33 and P/S of 5.47 may be high for a miner.
- Recent Downgrade and High Short Interest: Canaccord downgraded to 'Hold'; short ratio of 3.43 suggests bearish bets.
CDE Technical Analysis
The stock has exhibited significant volatility over the past six months, with a clear downtrend from its peak near $27.15 in late February 2026 to a recent low of $16.17 in late March. The 1-month performance shows a sharp decline of -30.87%, significantly underperforming the S&P 500's -5.25% change. Over the last 3 months, the stock is up 5.27%, which is a strong outperformance relative to the broader market's -4.63% decline.
The current price of $18.77 sits well below the 52-week high of $27.77 but significantly above the 52-week low of $4.58. This places the stock in the middle of its annual range, having retreated from recent highs. The price data shows a sharp rally from late January to late February, followed by a steep correction through March.
No RSI or other momentum indicators were provided in the data. The stock's beta of 1.186 indicates it is more volatile than the overall market, which is consistent with the observed price swings in the provided data.
Beta
1.33
1.33x market volatility
Max Drawdown
-40.4%
Largest decline past year
52-Week Range
$5-$28
Price range past year
Annual Return
+232.0%
Cumulative gain past year
| Period | CDE Return | S&P 500 |
|---|---|---|
| 1m | -20.9% | -4.3% |
| 3m | +8.8% | -4.0% |
| 6m | +1.9% | -2.0% |
| 1y | +232.0% | +22.2% |
| ytd | +8.8% | -3.8% |
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CDE Fundamental Analysis
Revenue and profitability have shown strong improvement. The most recent quarterly revenue (Q4 2025) was $674.8 million, representing a 120.9% year-over-year growth. The net income for that quarter was $215.0 million, yielding a healthy net margin of 31.85%, a significant improvement from the 12.39% margin in Q4 2024. Gross margin also improved to 53.7% from 49.0% a year prior.
The company's financial health appears solid. The debt-to-equity ratio is a low 0.11, indicating minimal reliance on debt financing. The current ratio of 2.0 suggests strong short-term liquidity. Free cash flow over the trailing twelve months is a robust $665.7 million, providing ample financial flexibility.
Operational efficiency metrics are positive. Return on Equity (ROE) is 17.68%, and Return on Assets (ROA) is 13.22%, both indicating effective use of capital. The quarterly data shows a consistent improvement in operating margins, reaching 51.24% in the latest quarter, up from 53.75% a year ago.
Quarterly Revenue
$674847000.0B
2025-12
Revenue YoY Growth
+1.20%
YoY Comparison
Gross Margin
+0.53%
Latest Quarter
Free Cash Flow
$665717000.0B
Last 12 Months
Revenue & Net Income Trends (2 Years)
Revenue Breakdown
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Valuation Analysis: Is CDE Overvalued?
Given the company's positive net income, the primary valuation metric is the Price-to-Earnings (P/E) ratio. The trailing P/E ratio is 19.33, while the forward P/E is 6.71 based on analyst EPS estimates. The forward P/E suggests a more attractive valuation relative to current earnings.
Other valuation metrics include a Price-to-Sales (P/S) ratio of 5.47 and an Enterprise Value-to-EBITDA (EV/EBITDA) ratio of 10.89. The Price-to-Book (P/B) ratio is 3.42. No industry average comparison data was provided in the valuation inputs for peer comparison.
PE
19.3x
Latest Quarter
vs. Historical
Low-End
5-Year PE Range -30x~373x
vs. Industry Avg
N/A
Industry PE ~N/A*
EV/EBITDA
10.9x
Enterprise Value Multiple
Investment Risk Disclosure
The primary risk for CDE is its direct exposure to gold and silver prices, which are influenced by macroeconomic factors like inflation, interest rates, and USD strength, as highlighted in recent news. The stock's high beta of 1.186 and recent 30% monthly decline underscore this volatility risk. Operational risks include potential production issues at its mines in the Americas. Financial risk is low given the strong liquidity and minimal debt, but valuation risk is present with a trailing P/E of 19.33, which may compress if earnings growth slows or metal prices fall. Market sentiment risk is mixed, with a recent analyst downgrade to 'Hold' and a high short ratio of 3.43 indicating significant bearish speculation, despite other 'Buy' ratings.
FAQ
The paramount risk is commodity price volatility, as CDE's revenue and stock price swing with gold and silver prices. The stock has a high beta of 1.186 and a short ratio of 3.43, indicating high volatility and bearish sentiment. Operational risks at its mines and valuation compression if growth slows are additional concerns. Its recent 30% monthly drop exemplifies these risks.
The 12-month outlook is mixed with a base case target of $20-$26, a 50% probability. This assumes stable metal prices and the company meeting the analyst EPS consensus of $2.55. A bull case (30% probability) could see a rally to $27-$32 on higher metal prices, while a bear case (20% probability) could see a drop to $13-$18 if commodity prices fall sharply. The path is highly dependent on external factors.
CDE sends mixed valuation signals. Its trailing P/E of 19.33 and P/S ratio of 5.47 appear elevated, suggesting the stock is fairly valued or slightly overvalued based on current earnings. However, its forward P/E of 6.71, based on analyst EPS estimates of $2.55, points to significant undervaluation if the company hits its growth targets. The valuation conclusion depends heavily on future earnings delivery.
CDE is a Hold for most investors. The company's fundamentals are excellent, with 120.9% YoY revenue growth and a strong balance sheet. However, the stock is extremely volatile, down over 30% in the past month, and its performance is directly tied to unpredictable gold and silver prices. The attractive forward P/E of 6.71 suggests value, but realizing it requires stability in commodity markets.
CDE is more suitable for long-term investors who can withstand high volatility. The company's strong fundamentals, low debt, and growth trajectory support a long-term hold. Short-term trading is extremely risky due to the stock's high beta and direct correlation to daily moves in gold prices. Investors should have a multi-year horizon to potentially realize the value implied by its low forward P/E ratio.