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1. Company Snapshot

1.a. 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.

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1.b. Last Insights on CDE

Breaking News: Coeur Mining Inc recently faced a decline in its stock value due to falling gold prices. Despite initial increases in gold prices driven by the war in the Mideast, current trends show a decrease. As one of the pricier gold stocks, Coeur Mining's valuation may not be favorable in a declining gold price environment. No recent earnings release was provided. Analysts at various firms have mixed views but some recommend a hold. RBC Capital Markets and BMO give a hold recommendation.

1.c. Company Highlights

2. Record Performance with Room for Improvement in EPS

The company's fourth quarter and full-year results were impressive, with record silver and gold production driven by the Rochester expansion and the acquisition of SilverCrest. The revenue growth was substantial, and the net income increased tenfold to a record $586 million. However, the actual EPS came out at $0.35, missing estimates of $0.43. The company's cash position also improved significantly, with year-end cash increasing more than 10x to $554 million.

Publication Date: Feb -20

📋 Highlights
  • Record Production Growth:: Silver and gold output surged 57% and 23% YoY, driven by Rochester expansion, SilverCrest acquisition, and North American operations.
  • Financial Milestones:: Year-end cash grew 10x to $554M, with net income also rising tenfold to $586M.
  • Rochester Performance:: Achieved 40% and 54% YoY growth in silver/gold production, alongside $78M free cash flow in Q4.
  • Las Chispas Contribution:: Generated $286M free cash flow in 10.5 months, becoming the top cash flow generator.
  • Wharf Mine Life Extension:: Near-doubled mine life to 12 years, boosting reserves and inferred resources significantly.

Operational Highlights and Outlook

The Rochester mine made consistent progress toward achieving steady-state levels, with full-year silver and gold production increasing 40% and 54% year-over-year, respectively. The Las Chispas mine finished the year as the top cash flow generator, with $286 million of free cash flow in 10.5 months. The company is expecting another record-setting year in 2026, with analysts estimating revenue growth at 16.1%. Mitchell J. Krebs mentioned that adding mine life is a key priority in 2026, and the company plans to advance the Silvertip project with a potential transition into a pre-feasibility study.

Valuation and Return Metrics

The company's valuation metrics indicate a relatively high price for its earnings and sales. The P/E Ratio is 26.09, and the P/S Ratio is 7.46. However, the company's return metrics are strong, with an ROIC of 17.04% and an ROE of 18.17%. The EV/EBITDA ratio is 21.07, which is relatively high. The company's Free Cash Flow Yield is 2.39%, which is a positive sign. Overall, the company's strong operational performance and growth prospects are reflected in its valuation metrics, but the EPS miss is a concern.

Exploration and Development Plans

The company's exploration investments have been successful, with significant reserve and resource increases at several mines, including Wharf and Palmarejo. The company plans to continue its exploration efforts, with a focus on regional opportunities at Rainy River and New Afton after the integration. Mitchell J. Krebs mentioned that the Palmarejo reserve and resource increases were significant, particularly the extension to the mine life, which provides more runway for future exploration and development.

3. NewsRoom

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Why Coeur Mining Stock Crashed Today

18:41

Source: fool.com

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5 Best Stocks That Can Rise Above Trump Tariffs And Macro Uncertainty

Feb -27

Source: seekingalpha.com

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CDE vs. ERO: Which Mining Stock is the Better Buy Now?

Feb -26

Source:

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Coeur's 2026 Setup Looks Mispriced

Feb -24

Source: seekingalpha.com

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Can Coeur Mining Sustain and Expand Its Free Cash Flow in 2026?

Feb -20

Source: zacks.com

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Here Are Friday’s Top Wall Street Analyst Research Calls: Amgen, ETSY, Eldorado Gold, GE Aerospace, Merck, Southern Company, Walmart, Yeti, and More

Feb -20

Source:

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Coeur Mining, Inc. (CDE) Q4 2025 Earnings Call Transcript

Feb -19

Source: seekingalpha.com

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Why Coeur Mining Stock Popped Again Today

Feb -19

Source: fool.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (2.70%)

6. Segments

Palmarejo

Expected Growth: 3.0%

Palmarejo's 3.0 growth is driven by increased gold and silver production, improved ore grades, and enhanced operating efficiencies. Additionally, Coeur Mining's strategic investments in exploration and development have expanded the mine's resource base, supporting future growth. Favorable market conditions, including rising precious metal prices, have also contributed to the segment's growth.

Wharf

Expected Growth: 2.8%

Wharf's 2.8% growth is driven by increasing gold prices, improved operational efficiencies, and higher production volumes. Coeur Mining's focus on cost reduction and capital discipline also contributed to the growth. Additionally, the mine's long-life reserves and low-cost production profile provide a solid foundation for sustained growth.

Kensington

Expected Growth: 2.5%

Kensington's 2.5% growth is driven by increasing gold prices, improved operational efficiency, and higher production volumes. The mine's proximity to existing infrastructure and low cash costs also contribute to its growth. Additionally, Coeur Mining's focus on exploration and development of nearby targets is expected to further enhance Kensington's growth potential.

Rochester

Expected Growth: 2.2%

Rochester's 2.2% growth is driven by increasing silver and gold production, supported by higher ore grades and improved milling efficiencies. Additionally, Coeur Mining's focus on cost reduction initiatives and exploration efforts to extend mine life contribute to the segment's growth.

7. Detailed Products

Gold

Coeur Mining, Inc. is a significant producer of gold, with operations in the United States, Canada, and Mexico. The company's gold mines produce doré bars, which are then refined into gold bars.

Silver

Coeur Mining, Inc. is also a significant producer of silver, with operations in the United States, Canada, and Mexico. The company's silver mines produce silver ore, which is then refined into silver bars.

Zinc

Coeur Mining, Inc. produces zinc as a by-product of its silver and gold mining operations. Zinc is used in a variety of applications, including galvanizing, die-casting, and as an alloy.

Lead

Coeur Mining, Inc. produces lead as a by-product of its silver and gold mining operations. Lead is used in a variety of applications, including batteries, radiation shielding, and pigments.

8. Coeur Mining, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Coeur Mining, Inc. operates in the gold and silver mining industry, which has few substitutes. However, the company faces competition from other mining companies, which could lead to a moderate threat of substitutes.

Bargaining Power Of Customers

Coeur Mining, Inc. sells its gold and silver products to a diverse range of customers, including jewelry manufacturers, industrial companies, and investors. The company's customers have limited bargaining power due to the fragmented nature of the market.

Bargaining Power Of Suppliers

Coeur Mining, Inc. relies on suppliers for equipment, materials, and services. While the company has some bargaining power due to its size and scale, suppliers also have some bargaining power due to the specialized nature of the mining industry.

Threat Of New Entrants

The gold and silver mining industry has high barriers to entry, including significant capital requirements, regulatory hurdles, and environmental concerns. This makes it difficult for new entrants to join the market, reducing the threat of new entrants.

Intensity Of Rivalry

The gold and silver mining industry is highly competitive, with many established players competing for market share. Coeur Mining, Inc. faces intense rivalry from other mining companies, which could lead to downward pressure on prices and profit margins.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 35.16%
Debt Cost 3.95%
Equity Weight 64.84%
Equity Cost 12.79%
WACC 9.68%
Leverage 54.23%

11. Quality Control: Coeur Mining, Inc. passed 0 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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Newmont

A-Score: 6.1/10

Value: 4.6

Growth: 4.8

Quality: 8.0

Yield: 4.0

Momentum: 10.0

Volatility: 5.3

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Idaho Strategic Resources

A-Score: 4.9/10

Value: 0.0

Growth: 9.7

Quality: 8.0

Yield: 0.0

Momentum: 10.0

Volatility: 1.7

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Equinox Gold

A-Score: 4.6/10

Value: 2.2

Growth: 6.9

Quality: 4.6

Yield: 0.0

Momentum: 10.0

Volatility: 3.7

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Universal Stainless & Alloy Products

A-Score: 4.4/10

Value: 4.1

Growth: 4.8

Quality: 5.5

Yield: 0.0

Momentum: 7.0

Volatility: 5.0

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Coeur Mining

A-Score: 4.3/10

Value: 2.0

Growth: 4.1

Quality: 7.7

Yield: 0.0

Momentum: 10.0

Volatility: 2.0

1-Year Total Return ->

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Gold Resource

A-Score: 3.7/10

Value: 7.2

Growth: 0.3

Quality: 2.9

Yield: 1.0

Momentum: 10.0

Volatility: 0.7

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

24.12$

Current Price

24.12$

Potential

-0.00%

Expected Cash-Flows