Coeur Mining (CDE) AI Stock Analysis

• Market Cap: $13.33B
• Dividend Yield: N/A
• Average Volume (3M): 18.22M
• Price to Earnings (P/E): 31.1
• Beta (1Y): 1.92
• Revenue Growth: 72.94%
• EPS Growth: N/A
• Country: US
• Employees: 2,116
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.23
• Shares Outstanding: 642,204,960
• 10 Day Avg. Volume: 19,761,277
• 30 Day Avg. Volume: 18,215,763
• PEG Ratio: -0.25
• Price to Book (P/B): 2.01
• Price to Sales (P/S): 2.14
• P/FCF Ratio: -251.59
• Enterprise Value/Market Cap: 0.92
• Enterprise Value/Revenue: 7.18
• Enterprise Value/Gross Profit: 14.62
• Enterprise Value/Ebitda: 17.56
• 1Y Price Target: $22.36
• Price Target Upside: 5.37% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7
• EPS Forecast (FY): 1.42
• Revenue Forecast (FY): $3.01B

• Rating: 68 Neutral
• Price Target: $23.50 ▲(10.74% Upside)

The score is primarily supported by solid financial performance (growth, margins, and low leverage) and a strong, optimistic earnings outlook with robust cash/FCF guidance. Offsetting factors are technically overbought conditions with high volatility (RSI/Stoch elevated, high beta) and a relatively high P/E with no dividend yield provided.

Positive Factors

Low leverage and strong equity base

A very low debt-to-equity ratio and a high equity ratio provide durable financial flexibility, lowering default risk and enabling capital deployment for growth, M&A, and share buybacks without stressing interest coverage. Strong ROE indicates efficient capital use over time.

Sustained revenue growth and solid margins

Consistent revenue expansion coupled with healthy gross and net margins reflects a resilient operating model and pricing power in precious metals. This supports long-term cash generation, funds reinvestment in mines, and resilience to moderate cost inflation across the cycle.

Material free cash flow improvement

Substantial FCF growth and strong operating cash conversion signal improving cash generation capacity. This underpins debt reduction, planned buybacks and capital projects, strengthening the company’s ability to fund strategic initiatives without relying heavily on external financing.

Negative Factors

Mixed cash-flow quality

A FCF-to-net-income ratio below 1 indicates some earnings are not fully converting to sustainable free cash, suggesting reliance on timing, working-capital movements, or non-operating items. This can complicate forecasting and reduces certainty of cash available for long-term returns or large projects.

Operational reliability risk at Rochester

Mechanical downtime at a major mine highlights operational vulnerability; deferred production compresses near-term output and can shift cost absorption to later periods. Recurrent reliability issues could undermine multi-quarter production targets and complicate long-range mine planning and cash flow visibility.

Acquisition and integration risks (New Gold)

The proposed New Gold acquisition materially changes scale and asset mix but depends on approvals and carries termination provisions. Integration, cultural alignment, and realization of synergies are multi-quarter challenges that can burden management focus and cash allocation if execution or regulatory clearance falters.

Coeur Mining Business Overview & Revenue Model

Company Description

Coeur Mining, Inc. explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It holds 100% interests in the Palmarejo gold and silver mine covering an area of approximately 67,296 net acres located in the State of Chihuahua in Northern Mexico; the Rochester silver and gold mine that covers an area of approximately 43,441net acres situated in northwestern Nevada; the Kensington gold mine comprising 3,972 net acres located to the north of Juneau, Alaska; the Wharf gold mine covering an area of approximately 3,243 net acres situated in the northern Black Hills of western South Dakota; and the Silvertip silver-zinc-lead mine comprising 97,298 net acres located in northern British Columbia, Canada. In addition, the company owns interests in the Crown and Sterling projects located in southern Nevada; and the La Preciosa project located in Mexico. Further, it markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc. in May 2013.Coeur Mining, Inc. was incorporated in 1928 and is headquartered in Chicago, Illinois.

How the Company Makes Money

Coeur Mining generates revenue primarily through the sale of silver and gold bullion, which is produced from its mining operations. The company has a well-defined revenue model that includes direct sales of mined metals to precious metals traders, refiners, and other customers. Key revenue streams include the sale of doré bars, which are semi-pure alloyed metals that contain gold and silver, and the sale of concentrate products. Additionally, Coeur Mining benefits from fluctuations in precious metal prices, as higher market prices can significantly enhance profit margins. The company also engages in strategic partnerships and collaborations, which may include joint ventures with other mining firms or agreements for equipment and technology sharing, further contributing to its overall earnings. Factors such as operational efficiency, cost management, and the successful exploration of new mineral resources also play a crucial role in driving the company’s financial performance.

Coeur Mining Financial Statement Overview

Summary

Coeur Mining's financial statements reflect a company on a growth trajectory with strong revenue and profit margins. The balance sheet is stable with low leverage, and cash flow generation is improving. Continued focus on operational efficiency and cash flow management will be key to sustaining growth and profitability.

Income Statement

Coeur Mining's income statement shows strong revenue growth with a 16.52% increase in TTM, indicating a positive trajectory. The gross profit margin of 24.26% and net profit margin of 24.03% reflect solid profitability. However, the EBIT margin of 15.92% suggests room for operational efficiency improvements. Overall, the income statement demonstrates robust growth and profitability.

Balance Sheet

The balance sheet reveals a healthy debt-to-equity ratio of 0.12, indicating low leverage and financial stability. The return on equity (ROE) of 16.69% is strong, showing effective use of equity to generate profits. The equity ratio of 68.57% highlights a solid equity base. While the balance sheet is stable, maintaining low debt levels will be crucial for future growth.

Cash Flow

The cash flow statement shows a significant free cash flow growth rate of 48.04%, indicating improved cash generation. The operating cash flow to net income ratio of 4.21 suggests strong cash flow relative to earnings. However, the free cash flow to net income ratio of 0.64 indicates some reliance on non-operating cash flows. Overall, cash flow generation is improving, but further strengthening is needed.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.70B	1.05B	821.21M	785.64M	832.83M	785.46M
Gross Profit	835.24M	415.41M	133.67M	138.46M	283.34M	308.14M
EBITDA	695.36M	325.61M	77.51M	83.47M	213.69M	243.53M
Net Income	408.75M	58.90M	-103.61M	-78.11M	-31.32M	25.63M
Balance Sheet
Total Assets	4.51B	2.30B	2.08B	1.85B	1.73B	1.40B
Cash, Cash Equivalents and Short-Term Investments	266.34M	55.09M	61.63M	93.50M	56.66M	92.79M
Total Debt	376.58M	601.66M	555.28M	527.49M	498.80M	287.91M
Total Liabilities	1.42B	1.18B	1.06B	957.13M	934.16M	710.50M
Stockholders Equity	3.09B	1.12B	1.02B	889.02M	800.26M	693.48M
Cash Flow
Free Cash Flow	368.52M	-8.95M	-297.33M	-326.74M	-199.30M	49.43M
Operating Cash Flow	576.09M	174.23M	67.29M	25.62M	110.48M	148.71M
Investing Cash Flow	-114.24M	-193.51M	-303.70M	-146.16M	-304.08M	-65.67M
Financing Cash Flow	-272.10M	13.89M	236.05M	125.03M	158.14M	-46.53M

Coeur Mining Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 21.22
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CDE, the sentiment is Positive. The current price of 21.22 is above the 20-day moving average (MA) of 19.12, above the 50-day MA of 16.95, and above the 200-day MA of 12.74, indicating a bullish trend. The MACD of 1.09 indicates Negative momentum. The RSI at 66.71 is Neutral, neither overbought nor oversold. The STOCH value of 75.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CDE.

Coeur Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DRD	79 Outperform	$3.03B	24.29	28.10%	1.02%	30.05%	73.40%
HMY	77 Outperform	$14.04B	17.02	32.05%	0.87%	29.08%	72.12%
CMCL	77 Outperform	$625.67M	12.39	20.25%	2.06%	38.04%	424.35%
HL	70 Outperform	$15.95B	78.39	8.88%	0.07%	45.61%	―
CDE	68 Neutral	$13.33B	31.11	19.57%	―	72.94%	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
SBSW	58 Neutral	$12.52B	-63.11	-8.31%	―	6.27%	93.14%

Coeur Mining Corporate Events

Coeur Mining Announces Acquisition of New Gold Inc.

On November 2, 2025, Coeur Mining, Inc. announced an agreement to acquire New Gold Inc. through a stock-for-stock transaction, subject to certain conditions. The acquisition, structured as a plan of arrangement under British Columbia law, involves Coeur exchanging shares for New Gold’s common shares, with adjustments for options and other share units. The deal requires approvals from shareholders, regulatory bodies, and courts, and includes provisions for board integration and termination rights with significant fees. This strategic move is expected to enhance Coeur’s market position in the precious metals sector.

The most recent analyst rating on (CDE) stock is a Buy with a $24.00 price target. To see the full list of analyst forecasts on Coeur Mining stock, see the CDE Stock Forecast page.