Coeur Mining (CDE) AI Stock Analysis

• Market Cap: $13.32B
• Dividend Yield: N/A
• Average Volume (3M): 23.56M
• Price to Earnings (P/E): 30.4
• Beta (1Y): 1.90
• 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: 642,106,570
• 10 Day Avg. Volume: 35,078,733
• 30 Day Avg. Volume: 23,562,586
• 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: 0.93
• Enterprise Value/Revenue: 7.28
• Enterprise Value/Gross Profit: 14.83
• Enterprise Value/Ebitda: 17.81
• 1Y Price Target: $24.17
• Price Target Upside: 16.48% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 67 Neutral
• Price Target: $22.00 ▲(6.02% Upside)

The score is driven primarily by solid financial performance (growth, margins, low leverage) and a constructive earnings outlook with strong cash/FCF expectations. This is tempered by mixed near-term technicals (below the 20-day average and sub-50 RSI) and a relatively high P/E valuation with no dividend yield provided.

Positive Factors

Improving Free Cash Flow

Robust FCF growth and strong operating cash versus earnings indicate durable cash generation. This supports capital expenditures, debt reduction, and buybacks over multiple years, improving financial optionality through commodity cycles and enabling reinvestment in assets and exploration.

Conservative Balance Sheet

Very low leverage and a strong equity base provide financial flexibility to withstand metal price volatility and fund growth. High ROE shows efficient capital use. A conservative balance sheet is a durable competitive advantage for funding M&A, sustaining operations, and managing downturns.

Scale Expansion via New Gold Deal

The planned acquisition of New Gold materially expands scale, reserves and North American footprint, improving diversification and potential operating synergies. Increased scale can lower unit costs, enhance project optionality and strengthen long-term market position in precious metals.

Negative Factors

Operational Risk at Rochester

Unplanned downtime at a key mine highlights operational vulnerability and concentrated asset risk. Recurring mechanical or throughput issues can push production into later years, raise unit costs, and undermine multi-year guidance and cash flow predictability until reliability is demonstrably restored.

Higher Effective Tax Rate

A permanently higher effective tax rate increases the structural cash tax burden, reducing sustainable free cash flow and returns on invested capital. For a commodity producer, this lowers fiscal flexibility for capex, dividends or buybacks and magnifies sensitivity to commodity price swings.

Merger Litigation and Dilution Risk

Shareholder lawsuits and proxy supplementation create execution and timing risk for the New Gold combination. Legal challenges can delay closing, raise costs, and increase governance scrutiny; authorized-share increases also signal dilution risk that can affect long-term shareholder returns and integration outcomes.

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

Strong revenue growth (16.52% TTM) and solid profitability (gross margin 24.26%, net margin 24.03%) support the score. Low leverage (debt-to-equity 0.12) and strong ROE (16.69%) add balance-sheet strength, while cash flow is improving (FCF growth 48.04%) but shows some weakness vs earnings (FCF to net income 0.64).

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: Neutral
• Last Price: 20.75
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CDE, the sentiment is Neutral. The current price of 20.75 is below the 20-day moving average (MA) of 22.41, above the 50-day MA of 19.23, and above the 200-day MA of 13.89, indicating a neutral trend. The MACD of 0.79 indicates Positive momentum. The RSI at 46.65 is Neutral, neither overbought nor oversold. The STOCH value of 13.77 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CDE.

Coeur Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HMY	78 Outperform	$13.58B	16.73	32.05%	0.87%	29.08%	72.12%
CMCL	77 Outperform	$550.77M	11.31	20.25%	2.06%	38.04%	424.35%
HL	75 Outperform	$15.49B	77.21	8.88%	0.07%	45.61%	―
DRD	73 Outperform	$2.81B	22.85	28.10%	1.02%	30.05%	73.40%
CDE	67 Neutral	$13.32B	30.42	19.57%	―	72.94%	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
SBSW	57 Neutral	$12.44B	-62.89	-8.31%	―	6.27%	93.14%

Coeur Mining Corporate Events

Coeur Mining Shareholders Approve New Gold Combination Plans

On January 27, 2026, Coeur Mining held a special meeting of stockholders to vote on matters related to its previously announced strategic business combination with New Gold Inc. under a plan of arrangement governed by British Columbia corporate law. Shareholders representing about 70% of Coeur’s outstanding common stock were present, and they approved an amendment to increase the company’s authorized common shares from 900 million to 1.3 billion, as well as the issuance of Coeur shares to New Gold shareholders in connection with the transaction, with both proposals receiving over 96% of votes cast. The approvals clear key corporate and capital-structure hurdles for Coeur, enabling it to proceed with the New Gold combination, which is expected to expand Coeur’s scale and influence in the North American precious metals market and has implications for ownership dilution and strategic positioning for existing shareholders.

The most recent analyst rating on (CDE) stock is a Hold with a $29.00 price target. To see the full list of analyst forecasts on Coeur Mining stock, see the CDE Stock Forecast page.

Coeur Mining Faces Lawsuits Over New Gold Merger

On November 2, 2025, Coeur Mining, Inc. agreed a strategic business combination with Canada’s New Gold Inc. via a court-approved plan of arrangement, under which Coeur plans to issue its common stock to New Gold shareholders, subject to approvals at a special shareholders’ meeting scheduled for January 27, 2026. Ahead of that vote, Coeur has been hit with two shareholder lawsuits in New York, filed on January 6 and January 8, 2026, along with additional stockholder demand letters, alleging that its definitive proxy statement omits or misrepresents material information about the deal and seeking to block completion of the transaction and recover damages; while Coeur maintains the claims are without merit, it is voluntarily supplementing its proxy disclosures—particularly around financial advisor analyses, valuation multiples, projections and analyst targets—to neutralize the disclosure challenges, limit legal and timing risks, and keep the planned combination with New Gold on track.

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.

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.