Coeur Mining
CDE
$16.21
+4.18%
Coeur Mining, Inc. is a precious metals producer focused on the discovery and mining of gold and silver across the Americas, with operating mines including Palmarejo, Rochester, Wharf, and Kensington. The company is a significant mid-tier gold and silver producer, generating the majority of its revenue from the United States, and is distinguished by its diversified asset base and long history in the sector. Currently, the investor narrative centers on the company's recent major acquisition, which has strengthened its balance sheet and prompted proactive capital return initiatives, while also exposing it to volatility in gold and silver prices. Recent news highlights both the potential undervaluation of its reserves and the stock's sensitivity to commodity price swings, making it a focal point for investors debating its growth prospects versus near-term price risks.…
CDE
Coeur Mining
$16.21
Related headlines
Investment Opinion: Should I buy CDE Today?
Based on the analysis, CDE is rated a Buy. The thesis is that the company's explosive revenue growth, strong margins, and undervalued forward earnings make it an attractive investment despite near-term volatility. The analyst consensus is 'Buy' with an average target of $24.84, implying 66.6% upside from the current price of $14.91. The low target of $18.75 still offers a 25.7% upside, indicating that even the most bearish analyst sees value.
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CDE 12-Month Price Forecast
The AI assessment is bullish on CDE, driven by exceptional revenue growth, strong margins, and a forward valuation that appears deeply undervalued. The analyst consensus and target prices support the upside potential. However, the high beta and sensitivity to commodity prices introduce volatility, warranting a medium confidence. The stance would be upgraded to high confidence if the stock shows sustained momentum and commodity prices remain supportive. Conversely, a downgrade to neutral would occur if revenue growth decelerates significantly or if the stock breaks below its 52-week low.
Wall Street consensus
Most Wall Street analysts maintain a constructive view on Coeur Mining's 12-month outlook, with a consensus price target around $24.84 and implied upside of +53.2% versus the current price.
Average Target
$24.84
0 analysts
Implied Upside
+53.2%
vs. current price
Analyst Count
—
covering this stock
Price Range
$19 - $40
Analyst target range
The target price range spans from a low of $18.75 to a high of $40.00, with the average at $24.84. The high target of $40.00 suggests that some analysts anticipate a full recovery to previous highs, likely driven by continued strength in gold and silver prices and successful integration of the recent acquisition. The low target of $18.75 still represents a 25.7% upside from the current price, indicating that even the most bearish analyst sees value at current levels. The wide spread between the low and high targets (a difference of $21.25) reflects high uncertainty, likely due to the volatility in precious metal prices and the execution risks associated with the acquisition. However, the overall bullish consensus and recent upgrades suggest that analysts are increasingly confident in Coeur's ability to generate shareholder value.
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Bulls vs Bears: CDE Investment Factors
Coeur Mining presents a compelling bull case driven by explosive revenue growth, strong margins, and a forward valuation that appears deeply undervalued. The company's recent acquisition has transformed its scale, and analysts see significant upside with an average target of $24.84. However, the bear case centers on extreme volatility, sensitivity to commodity prices, and negative recent momentum, with the stock down 27% over six months. The most important tension is whether the market will reward the company's growth and undervalued reserves, or continue to punish it due to macro headwinds and execution risks. Currently, the bull case has stronger evidence given the robust fundamentals and analyst consensus, but the path is fraught with volatility.
Bullish
- Explosive Revenue Growth: Q1 2026 revenue surged 137.79% YoY to $856.19M, driven by strong gold and silver sales. This growth is accelerating, with revenue rising from $222.03M in Q2 2024 to $856.19M in Q1 2026, indicating successful expansion and acquisition integration.
- Exceptional Forward Valuation: Forward PE of 7.68x is dramatically lower than the trailing PE of 19.38x, implying the market expects substantial earnings growth. The PEG ratio of 0.04 underscores that the stock is undervalued relative to its growth potential, making it attractive on a forward basis.
- Strong Profitability Metrics: Gross margin improved to 46.16% in Q1 2026, up from 38.56% a year earlier, while operating margin reached 43.36%. Net margin of 28.82% reflects efficient cost management and favorable commodity prices, boosting profitability.
- Analyst Consensus and Upside: With a 'Buy' rating and an average target price of $24.84, the stock offers 66.6% upside from the current price of $14.91. Even the low target of $18.75 implies a 25.7% upside, indicating that analysts see significant value at current levels.
Bearish
- High Volatility and Drawdown: The stock has a beta of 1.296 and has experienced a max drawdown of -47.85% over the past year. Currently trading at $14.91, it is 46.3% below its 52-week high of $27.77, reflecting significant price swings and risk.
- Sensitivity to Commodity Prices: Recent declines are directly tied to falling gold and silver prices, driven by a strengthening US dollar and rising interest rates. The stock's performance is highly correlated with precious metal prices, making it vulnerable to macro-driven sell-offs.
- Recent Price Momentum Negative: The stock has fallen 27.05% over the past 6 months and 15.52% over the past 3 months, underperforming the S&P 500 significantly. This negative momentum could persist if commodity prices remain weak, deterring investors.
- Execution Risks from Acquisition: The recent major acquisition has strengthened the balance sheet but introduces integration risks. Any operational hiccups or failure to achieve synergies could weigh on earnings and the stock price, especially given the high expectations embedded in the forward PE.
CDE Technical Analysis
Coeur Mining's stock has exhibited a volatile but overall upward trajectory over the past year, with a 1-year price change of +71.58%, significantly outperforming the S&P 500's +18.19% gain. However, the current price of $14.91 sits at only 35% of its 52-week range (between $8.57 low and $27.77 high), indicating a substantial pullback from its highs. This positioning suggests that while the long-term trend has been bullish, the stock is currently trading near the lower end of its range, which could represent a value opportunity or a sign of ongoing weakness depending on broader market sentiment.
Beta
1.34
1.34x market volatility
Max Drawdown
-47.9%
Largest decline past year
52-Week Range
$9-$28
Price range past year
Annual Return
+76.0%
Cumulative gain past year
| Period | CDE Return | S&P 500 |
|---|---|---|
| 1m | -6.3% | +3.6% |
| 3m | -13.5% | +5.1% |
| 6m | -15.2% | +13.8% |
| 1y | +76.0% | +22.2% |
| ytd | -7.6% | +13.1% |
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CDE Fundamental Analysis
Coeur Mining has demonstrated robust revenue growth, with the most recent quarter (Q1 2026) reporting revenue of $856.19 million, a 137.79% year-over-year increase from $360.06 million in Q1 2025. This growth is driven by strong contributions from both gold ($475.22 million) and silver ($362.20 million) segments, reflecting higher production and favorable commodity prices. The multi-quarter trend shows accelerating growth, with revenue rising from $222.03 million in Q2 2024 to $856.19 million in Q1 2026, indicating a significant expansion in operations, likely fueled by acquisitions and increased output.
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, the primary valuation metric selected is the price-to-earnings (PE) ratio. The trailing PE stands at 19.38x, while the forward PE is significantly lower at 7.68x, implying that the market expects substantial earnings growth in the coming year. This wide gap between trailing and forward multiples suggests that investors are pricing in a strong improvement in profitability, which is supported by the company's recent revenue surge and margin expansion. The PEG ratio of 0.04 further underscores the market's expectation of high growth, as it indicates that the stock is undervalued relative to its earnings growth potential.
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 and operational risks are notable. The company's debt-to-equity ratio is low at 0.11, indicating a conservative balance sheet, but the recent acquisition has increased leverage. Interest expenses were $6.44 million in Q1 2026, manageable given EBITDA of $446.9 million. However, the company's revenue is heavily concentrated in gold and silver, making it vulnerable to commodity price swings. The net margin of 28.82% is strong, but it could compress if prices fall. Free cash flow is positive at $914.8 million TTM, providing a cushion, but the company's payout ratio is 0%, so no dividend support. Earnings volatility is high, as seen in the wide range of quarterly EPS from $0.0036 in Q2 2024 to $0.39 in Q1 2026.
