Coeur Mining (CDE)
NYSE:CDE
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Coeur Mining
(NYSE:CDE)
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Rating:70Outperform
Price Target:
$18.00
▼(-3.17% Downside)
Action:ReiteratedDate:03/24/26
The score is driven by strong 2025 financial improvement (profitability and free cash flow) and a positive earnings outlook, partially offset by weak technical signals (below key moving averages with negative MACD) and only moderate valuation support (P/E ~19 and no dividend).
Positive Factors
Strong free cash flow generation
A large FCF recovery in 2025 (FCF ~$666M) marks a structural improvement versus prior negative years, providing durable internal funding for sustaining/development capex, tax payments, and capital returns. This materially increases financial optionality across commodity cycles.
Negative Factors
Cyclical earnings and cash-flow volatility
Historical swings from multi-year negative FCF to a strong 2025 recovery highlight exposure to commodity prices and operating variability. That volatility complicates capital allocation, tax planning and reliable buyback/dividend policies across the mining cycle.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow generation
A large FCF recovery in 2025 (FCF ~$666M) marks a structural improvement versus prior negative years, providing durable internal funding for sustaining/development capex, tax payments, and capital returns. This materially increases financial optionality across commodity cycles.
Read all positive factors
Coeur Mining (CDE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$19.23B
Dividend YieldN/A
Average Volume (3M)31.94M
Price to Earnings (P/E)19.3
Beta (1Y)2.12
Revenue Growth72.94%
EPS GrowthN/A
CountryUS
Employees2,116
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.35
Shares Outstanding1,034,524,500
10 Day Avg. Volume54,587,565
30 Day Avg. Volume31,944,471
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)3.42
Price to Sales (P/S)5.47
P/FCF Ratio17.02
Enterprise Value/Market Cap0.62
Enterprise Value/Revenue5.80
Enterprise Value/Gross Profit11.46
Enterprise Value/Ebitda12.08
Forecast
1Y Price Target
$26.56Price Target Upside42.87% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)2.17
Revenue Forecast (FY)$5.88B
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...
How the Company Makes Money
Coeur Mining makes money primarily by producing and selling precious metals—mainly gold and silver—generated from its operating mines. Revenue is recognized from metal sales, typically based on delivered quantities and prevailing market prices (of...
Coeur Mining Earnings Call Summary
Earnings Call Date:Feb 18, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 06, 2026
Earnings Call Sentiment Positive
The call conveyed a strongly positive operational and financial narrative: record production, substantial EBITDA and free cash flow improvements, major reserve/resource gains and a strengthened balance sheet materially outweigh near-term operational disruptions (Wharf crusher fire), tax seasonality, and some recoveries/grade normalization issues at Rochester. Management highlighted significant upside from exploration and the pending New Gold acquisition, while acknowledging near-term cash tax and integration timing risks.Positive Updates
Record Production Growth (Full Year 2025)
Full year silver production increased 57% year-over-year and gold production increased 23% year-over-year, driven by the Rochester expansion, the SilverCrest acquisition, and strong performance at three other North American operations.
Negative Updates
Wharf Crusher Fire and Operational Disruption
A tertiary crusher fire in Q4 damaged conveyors, hoist, crane and electrical systems in upper levels; temporary mobile crushing was mobilized in January and repairs are expected to complete in Q2, creating a back-half weighted production plan and near-term repair capex and operational risk.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Production Growth (Full Year 2025)
Full year silver production increased 57% year-over-year and gold production increased 23% year-over-year, driven by the Rochester expansion, the SilverCrest acquisition, and strong performance at three other North American operations.
Read all positive updates
Company Guidance
Coeur's 2026 stand‑alone guidance calls for a 10% year‑over‑year increase in silver production (with silver expected to contribute ~42% of 2026 revenue at current prices, using the midpoint), and management expects silver and gold production to increase substantially versus 2025 at the midpoint of guidance; Rochester is targeted to sustain quarterly crushed tonnes in the 6.2–7.2 million metric tons range (with an ultimate top size target of 5/8 inch) and grades expected to be lower in H1 consistent with the mine plan, while the company plans to increase exploration to $120–$136 million in 2026 (a 47% rise versus 2025). The issued guidance excludes New Gold, which Coeur expects may close by the end of Q1/first half, after which the combined company is modeled to generate roughly $3 billion of EBITDA and $2 billion of free cash flow on a full‑year run‑rate (per prior consensus), and Coeur will update combined guidance, reserves/resources and capital‑return plans at close; near‑term cash guidance includes $400–$500 million of cash taxes (≈80% in Mexico) and Q1 is expected to be seasonally cash‑light due to year‑end payments.Coeur Mining Financial Statement Overview
Summary
Income Statement
76
Positive
Balance Sheet
81
Very Positive
Cash Flow
84
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.07B | 1.05B | 821.21M | 785.64M | 832.83M |
| Gross Profit | 813.47M | 415.41M | 133.67M | 138.46M | 283.34M |
| EBITDA | 1.02B | 325.61M | 77.51M | 83.47M | 213.69M |
| Net Income | 585.87M | 58.90M | -103.61M | -78.11M | -31.32M |
Balance Sheet | |||||
| Total Assets | 4.70B | 2.30B | 2.08B | 1.85B | 1.73B |
| Cash, Cash Equivalents and Short-Term Investments | 553.60M | 55.09M | 61.63M | 93.50M | 56.66M |
| Total Debt | 365.43M | 601.66M | 555.28M | 527.49M | 498.80M |
| Total Liabilities | 1.38B | 1.18B | 1.06B | 957.13M | 934.16M |
| Stockholders Equity | 3.31B | 1.12B | 1.02B | 889.02M | 800.26M |
Cash Flow | |||||
| Free Cash Flow | 665.72M | -8.95M | -297.33M | -326.74M | -199.30M |
| Operating Cash Flow | 886.88M | 174.23M | 67.29M | 25.62M | 110.48M |
| Investing Cash Flow | -127.84M | -193.51M | -303.70M | -146.16M | -304.08M |
| Financing Cash Flow | -260.63M | 13.89M | 236.05M | 125.03M | 158.14M |
Coeur Mining Technical Analysis
Neutral
18.59
Price Trends
21.81
Negative
19.75
Negative
16.76
Positive
Market Momentum
-1.12
Negative
43.99
Neutral
70.98
Neutral
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 18.59 is below the 20-day moving average (MA) of 19.34, below the 50-day MA of 21.81, and above the 200-day MA of 16.76, indicating a neutral trend. The MACD of -1.12 indicates Negative momentum. The RSI at 43.99 is Neutral, neither overbought nor oversold. The STOCH value of 70.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CDE.
Coeur Mining Risk Analysis
Coeur Mining disclosed 42 risk factors in its most recent earnings report. Coeur Mining reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Coeur Mining Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $2.67B | 0.61 | 32.58% | 1.02% | 30.05% | 73.40% | |
73 Outperform | $10.18B | 5.53 | 32.51% | 0.87% | 29.08% | 72.12% | |
70 Outperform | $19.23B | 19.33 | 19.56% | ― | 72.94% | ― | |
69 Neutral | $12.82B | 38.89 | 13.65% | 0.07% | 45.61% | ― | |
69 Neutral | $462.16M | 9.25 | 22.79% | 2.06% | 38.04% | 424.35% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | $8.74B | -34.86 | -12.94% | ― | 6.27% | 93.14% |
* Basic Materials Sector Average
CDE
Coeur Mining
19.00
14.19
295.01%
DRD
Drdgold
30.42
17.20
130.12%
HMY
Harmony Gold Mining
15.84
3.00
23.35%
HL
Hecla Mining Company
19.35
14.65
311.53%
SBSW
Sibanye Stillwater
12.39
9.24
293.71%
CMCL
Caledonia Mining
23.97
12.94
117.34%
Coeur Mining Corporate Events
Business Operations and StrategyExecutive/Board ChangesStock BuybackDividendsM&A TransactionsPrivate Placements and Financing
Coeur Mining Launches Debt Exchange to Optimize Capital Structure
Positive
Mar 23, 2026
On March 20, 2026, Coeur Mining entered a new five-year, $1 billion senior secured revolving credit facility with an option to increase by $250 million, replacing its prior 2017 facility and pledging shares in certain U.S. and Canadian subsidiarie...
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresM&A TransactionsShareholder Meetings
Coeur Mining Advances New Gold Acquisition and Board Changes
Positive
Feb 18, 2026
In 2025, Coeur Mining, Inc. nearly doubled revenue to $2.07 billion and grew net income from continuing operations to $586 million, driven by record gold and silver production, higher realized prices and disciplined costs, according to results rel...
Business Operations and StrategyM&A TransactionsShareholder Meetings
Coeur Mining Shareholders Approve New Gold Combination Plans
Positive
Jan 27, 2026
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 la...
Business Operations and StrategyLegal ProceedingsM&A TransactionsShareholder Meetings
Coeur Mining Faces Lawsuits Over New Gold Merger
Negative
Jan 16, 2026
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 appr...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.