Coeur Mining, Inc.

Based on a comprehensive review, CDE presents a compelling but nuanced investment case.

Technical Analysis indicates the stock has experienced a significant rally and may be overbought in the near term, suggesting potential for a pullback. However, its position closer to its 52-week high than low demonstrates strong underlying momentum.

Fundamentally, the company is in excellent health. It has showcased impressive sequential revenue growth, soaring profitability, a conservative balance sheet with minimal debt, and solid operational efficiency.

Valuation is the most persuasive factor. The massive difference between its high trailing P/E and a much lower forward P/E, coupled with an exceptionally low PEG ratio, strongly signals that the stock is undervalued relative to its expected earnings growth.

*Buy Recommendation:* CDE is a buy for growth-oriented investors who can tolerate volatility. The strong fundamental health and deeply attractive forward valuation outweigh the near-term technical overextension. Investors should consider a strategy of averaging in during potential pullbacks to mitigate short-term volatility risk while positioning for anticipated long-term earnings growth.

RockFlow Model Forecast: Three Scenarios for 2026

Based on a comprehensive analysis, here is the 12-month outlook for CDE:

12-Month Outlook for CDE

The outlook for CDE is positive, primarily driven by the anticipated materialization of its strong earnings growth, which is the key catalyst. The significantly lower forward P/E and an exceptionally low PEG ratio suggest the market has not yet priced in this projected expansion, offering substantial upside potential. The primary risk is near-term volatility and a potential technical pullback, given the stock's recent rally into overbought territory. While a specific analyst target is unavailable, the compelling valuation gap between trailing and forward earnings, alongside robust fundamentals, supports a constructive view for price appreciation over the next year.

Wall Street Consensus

Most Wall Street analysts are optimistic about Coeur Mining, Inc.'s 12-month outlook, with consensus target around $24.06, indicating expected upside potential.

Overall, CDE has investment potential but also faces challenges. Here are key factors to weigh before investing.

CDE has demonstrated remarkable outperformance over the past quarter, driven by a substantial price surge that nonetheless appears extended from a technical perspective.

The stock has rallied sharply with a 46.23% gain over three months, significantly outperforming the market by 45.69%, although the more modest 1.22% one-month return suggests near-term momentum may be moderating relative to its recent explosive trend. With a beta of 1.222, the stock has exhibited higher volatility than the broader market, which has amplified both its recent gains and its maximum drawdown of -40.17% over the past year.

CDE currently trades approximately 82% above its 52-week low but remains about 18% below its yearly high, positioning it closer to the upper end of its annual range. Given the magnitude of the recent advance, the stock shows characteristics of being overbought on an intermediate-term basis, warranting caution for new positions despite the strong bullish momentum.

Revenue & Profitability CDE demonstrated strong sequential revenue growth from $481 million to $555 million in Q3 2025, while gross margins improved significantly to 55.1% from 50.1%. The company's net profit margin surged to 48.1%, largely driven by a substantial tax benefit, though operating margins remained solid at 31.9%, indicating core profitability strength.

Financial Health The company maintains a conservative capital structure with a low debt-to-equity ratio of 0.12 and strong interest coverage of 28.2x. Operating cash flow covers debt obligations adequately with a cash flow-to-debt ratio of 0.63, while robust liquidity is evidenced by current and quick ratios of 1.47 and 1.00 respectively.

Operational Efficiency CDE's operational performance shows moderate efficiency with an asset turnover of 0.12, though return on equity is solid at 8.6%. The cash conversion cycle of 18.2 days reflects efficient working capital management, while inventory turnover of 1.6 suggests room for improvement in inventory management efficiency.

Based on the provided metrics, Coeur Mining appears deeply undervalued on a forward-looking basis despite its high trailing valuation. The substantial disparity between the high trailing PE of 90.79 and the significantly lower forward PE of 11.17 suggests strong anticipated earnings growth. This outlook is strongly supported by an exceptionally low PEG ratio of 0.04, which indicates the stock's price is not keeping pace with its projected earnings growth rate, a classic sign of undervaluation.

Without specific industry averages for a direct peer comparison, the forward PE ratio of approximately 11.2 serves as the primary benchmark. A forward multiple in the low teens is generally considered reasonable for a mature mining company, suggesting the current price offers attractive value relative to expected earnings. The elevated EV/EBITDA of 48.3, however, indicates that the market is pricing in a premium for the company's cash flow generation, which may reflect its operational leverage or asset base.

Volatility Risk: CDE exhibits elevated volatility risk, as evidenced by its beta of 1.222, indicating it is roughly 22% more volatile than the broader market. This risk is substantiated by a significant one-year maximum drawdown of -40.17%, highlighting substantial downside price pressure and potential for considerable investor losses during market downturns.

Other Risks: The stock does not appear to face significant pressure from short sellers, as indicated by the absence of reported short interest. However, the absence of short interest data may itself suggest lower trading liquidity, which can be problematic as it may lead to larger bid-ask spreads and more difficulty executing large trades efficiently.