Coeur Mining
CDE
$18.15
+4.37%
Coeur Mining, Inc. is a precious metals producer focused on the exploration and mining of gold and silver across the Americas, with operating mines including Palmarejo, Rochester, Wharf, and Kensington, and projects in the United States, Canada, and Mexico. As a mid-tier gold and silver producer, Coeur distinguishes itself through its diversified asset base and significant silver production, positioning it as a key player in the precious metals space. The current investor narrative centers on the company's aggressive growth strategy, highlighted by a major acquisition that has expanded its reserve base, alongside efforts to strengthen its balance sheet and return capital to shareholders. However, the stock's high valuation and sensitivity to precious metal price fluctuations have introduced volatility, with recent declines in gold and silver prices prompting concerns about near-term profitability and the sustainability of its growth trajectory.…
CDE
Coeur Mining
$18.15
Related headlines
Investment Opinion: Should I buy CDE Today?
We rate Coeur Mining a Buy, as the stock offers a compelling risk-reward with a forward PE of 8.06x and analyst consensus Buy rating. The average target of $24.84 implies 58.7% upside, and even the low target of $18.75 provides 19.8% upside. The thesis is driven by the acquisition-fueled revenue growth, which is expected to continue, and the company's strong profitability metrics.
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CDE 12-Month Price Forecast
The AI assessment is bullish, driven by the strong growth trajectory and attractive forward valuation. However, the high beta and sensitivity to metal prices introduce significant uncertainty. The stock's recent underperformance suggests near-term headwinds, but the low forward PE and analyst targets provide a favorable risk-reward. If the company delivers on its growth promises and metal prices stabilize, the stock could re-rate higher. We would upgrade to high confidence if Q2 earnings show continued momentum and metal prices firm. Conversely, a downgrade to neutral would occur if revenue growth decelerates below 50% or the forward PE rises above 12x.
Wall Street consensus
Most Wall Street analysts maintain a constructive view on Coeur Mining's 12-month outlook, with a consensus price target around $23.41 and implied upside of +29.0% versus the current price.
Average Target
$23.41
0 analysts
Implied Upside
+29.0%
vs. current price
Analyst Count
—
covering this stock
Price Range
$18 - $35
Analyst target range
The target price range spans from a low of $18.75 to a high of $40.00, reflecting a wide spread that suggests significant uncertainty about the company's future performance. The high target of $40.00 implies a potential upside of +155.6%, likely assuming continued strength in precious metal prices and successful integration of the acquisition. The low target of $18.75 still represents a +19.8% upside, indicating that even the most bearish analyst sees value in the stock. Recent rating actions show a mix of upgrades and downgrades, with Canaccord Genuity upgrading from Hold to Buy in April 2026, while other firms have maintained or reiterated their positive stances, suggesting a generally optimistic outlook despite near-term volatility.
Bulls vs Bears: CDE Investment Factors
Coeur Mining presents a compelling growth story with explosive revenue growth and strong profitability, but it is heavily exposed to precious metal price volatility. The bull case is supported by a forward PE of 8x, analyst targets implying 58.7% upside, and undervalued reserves. However, the bear case highlights the stock's 47.85% drawdown from highs and negative relative strength, indicating near-term weakness. The most important tension is whether the acquisition-driven growth can sustain earnings momentum despite falling metal prices. If gold and silver stabilize, the stock could re-rate higher; if they continue to decline, the high valuation could compress further. Currently, the evidence slightly favors the bulls due to the low forward PE and strong growth, but the risk is elevated.
Bullish
- Explosive Revenue Growth: Q1 2026 revenue surged 137.8% YoY to $856.2M, driven by the acquisition and higher metal prices. This growth is accelerating, with revenue rising from $305.4M in Q4 2024 to $856.2M in Q1 2026, indicating successful expansion.
- Strong Profitability Metrics: Net margin is 28.3%, with operating margin at 36.3% and ROE at 17.7%. Q1 2026 net income was $246.8M, a significant improvement from $33.4M in Q1 2025, showcasing operational leverage.
- Attractive Forward Valuation: Forward PE is 8.06x, implying the market expects substantial earnings growth. With estimated EPS of $1.15, the stock trades at a discount to its growth potential, supported by a PEG ratio of 0.04.
- Analyst Consensus Buy: 11 analysts rate the stock a Buy with an average target of $24.84, implying 58.7% upside from the current price of $15.65. Even the low target of $18.75 offers 19.8% upside.
Bearish
- High Valuation Vulnerability: Trailing PE of 19.38x is elevated for a miner, and the stock has dropped 47.85% from its 52-week high of $27.77. The high valuation makes it sensitive to metal price declines, as seen in recent drops.
- Sensitivity to Metal Prices: Recent declines in gold and silver prices, driven by a stronger USD and rising rates, have directly pressured the stock. The beta of 1.343 amplifies market moves, and the stock fell 10.2% in one day on August 6, 2026.
- Negative Relative Strength: Over the past 3 months, the stock is down 15.7% and underperformed the S&P 500 by 19.9%. This negative momentum could persist if metal prices remain weak.
- Acquisition Integration Risks: The major acquisition driving growth may face integration challenges, including cost overruns or operational disruptions. Debt-to-equity is low at 0.11, but the increased scale raises execution risk.
CDE Technical Analysis
Coeur Mining's stock has exhibited a pronounced uptrend over the past year, with a 1-year price change of +58.24%, significantly outperforming the S&P 500's +21.46% gain. However, the current price of $15.65 sits at only 56.4% of its 52-week range (low of $9.89, high of $27.77), indicating that the stock has pulled back substantially from its highs. This positioning suggests that while the long-term trend has been bullish, the stock is currently trading closer to its lows, potentially offering a value opportunity or signaling a weakening trend depending on broader market conditions.
Beta
1.34
1.34x market volatility
Max Drawdown
-47.9%
Largest decline past year
52-Week Range
$11-$28
Price range past year
Annual Return
+55.8%
Cumulative gain past year
| Period | CDE Return | S&P 500 |
|---|---|---|
| 1m | +13.6% | +2.4% |
| 3m | -10.0% | +4.7% |
| 6m | -21.4% | +11.7% |
| 1y | +55.8% | +21.3% |
| ytd | +3.4% | +13.4% |
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CDE Fundamental Analysis
Coeur Mining has demonstrated robust revenue growth, with the most recent quarter (Q1 2026) reporting revenue of $856.2 million, a 137.8% year-over-year increase from $360.1 million in Q1 2025. This growth is driven by strong contributions from both gold ($475.2 million) and silver ($362.2 million) segments, reflecting higher production volumes and favorable metal prices. The multi-quarter trend shows accelerating growth, with revenue rising from $305.4 million in Q4 2024 to $856.2 million in Q1 2026, indicating a significant expansion in operations, likely fueled by the recent acquisition.
Quarterly Revenue
$856192000.0B
2026-03
Revenue YoY Growth
+137.8%
YoY Comparison
Gross Margin
46.2%
Latest Quarter
Free Cash Flow
$914841000.0B
Last 12 Months
Revenue & Net Income Trends (2 Years)
Revenue Breakdown
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Valuation Analysis: Is CDE Overvalued?
Given that Coeur Mining is profitable with a trailing net income of $246.8 million, the PE ratio is the most appropriate valuation metric. The trailing PE stands at 19.38x, while the forward PE is 8.06x, implying that the market expects substantial earnings growth, likely driven by the acquisition and higher metal prices. The gap between trailing and forward PE suggests that the market is pricing in a significant improvement in profitability, which is supported by the company's recent earnings trajectory.
PE
19.4x
Latest Quarter
vs. Historical
High-End
5-Year PE Range 5x~23x
vs. Industry Avg
N/A
Industry PE ~N/A*
EV/EBITDA
11.3x
Enterprise Value Multiple
Investment Risk Disclosure
Financial risks include the company's reliance on continued revenue growth to justify its valuation. While debt-to-equity is low at 0.11, the acquisition has increased operational complexity, and any cost overruns could pressure margins. The net margin of 28.3% is strong, but it is sensitive to metal prices; a 10% drop in gold and silver could significantly reduce profitability. Additionally, the stock has a beta of 1.343, meaning it is 34% more volatile than the market, amplifying downside risk in a downturn. The current ratio of 2.0 provides liquidity, but the lack of a dividend means investors depend on price appreciation for returns.