CDE
Coeur Mining, Inc.
CDE's fundamentals are strong and it looks cheap: trading at 15x earnings, about half its usual 28x. Analysts expect earnings to hold roughly steady, though they disagree widely on how much.
CDE Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
CDE's revenue, profitability, cash flow and balance sheet are all currently healthy.
CDE PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 12x | $14.30 | — |
| Current | 15x | $14.30 | — |
| Cheap | 16x | $14.77 | +3.3% |
| Fair | 27x | $26.04 | +82% |
| Expensive | 50x | $47.34 | +231% |
Historical ranges are pointers, not guarantees.
CDE's PE is in its cheap range at 15x. On analysts' estimates for next year's earnings, today's price would be 12x.
CDE Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Stable | |
| Strong growth | |
| Strongly weakening | |
| Limited | |
| Low |
Analysts expect CDE's revenue to grow, but its profitability to weaken. However, they disagree widely on these estimates.
CDE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.20 | +26% |
| Q3 2026 | $0.95 | +38% |
| Q2 2026 | $1.25 | +213% |
| Q1 2026 | $1.24 | +328% |
| Q4 2025 | $0.95 | +533% |
| Q3 2025 | $0.69 | +$0.71 |
| Q2 2025 | $0.40 | +$0.60 |
| Q1 2025 | $0.29 | +$0.59 |
| Q4 2024 | $0.15 | +$0.45 |
CDE's earnings per share have climbed steadily: $0.95 over the past year, up 38% from the year before, and higher year over year for 11 quarters in a row.
CDE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $983.6M | +77% |
| Q2 2026 | $1.1B | +126% |
| Q1 2026 | $856.2M | +138% |
| Q4 2025 | $674.8M | +121% |
| Q3 2025 | $554.6M | +77% |
| Q2 2025 | $480.7M | +116% |
| Q1 2025 | $360.1M | +69% |
| Q4 2024 | $305.4M | +17% |
CDE's revenue has grown year over year for 13 quarters in a row: $984M last quarter, up 77% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 18% | -14 points |
| Q2 2026 | 20% | -9.2 points |
| Q1 2026 | 41% | +24 points |
| Q4 2025 | 49% | +30 points |
| Q3 2025 | 32% | +8.1 points |
| Q2 2025 | 29% | +25 points |
| Q1 2025 | 17% | +23 points |
| Q4 2024 | 18% | +25 points |
CDE's operating margin was 18% last quarter, down 14 points from the same quarter a year ago.
CDE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $240.2M | +27% |
| Q2 2026 | $387.5M | +165% |
| Q1 2026 | $266.8M | +1413% |
| Q4 2025 | $313.3M | +1849% |
| Q3 2025 | $188.7M | +173% |
| Q2 2025 | $146.1M | +$182.3M |
| Q1 2025 | $17.6M | +$75.6M |
| Q4 2024 | $16.1M | +$43.5M |
CDE generated $1.2B in free cash flow over the past year, about three times what it generated the year before.
CDE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -6.1M shares |
| 1 year | +59% | +383M shares |
| 3 years | +209% | +695M shares |
| 5 years | +308% | +776M shares |
| Available history | +370% | +810M shares |
CDE has 1B diluted shares, up 59% from a year ago.
CDE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.7x | Net Cash |
| Q2 2026 | -0.7x | Net Cash |
| Q1 2026 | -0.6x | Net Cash |
| Q4 2025 | -0.6x | Net Cash |
| Q3 2025 | -0.4x | Net Cash |
| Q2 2025 | -0.2x | Net Cash |
| Q1 2025 | -0.1x | Net Cash |
| Q4 2024 | -0.1x | Net Cash |
CDE has more cash than debt.
CDE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.3 | Neutral |
| Stochastic | 16.2 | Oversold |
CDE's weekly RSI is 41 (neutral) and its Stochastic is 16 (oversold).
CDE PE vs Basic Materials Sector
| Metric | CDE | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 19x | 19% below |
| PE % | 14 | 40 | 26 pts below |
CDE is trading at 15x earnings, a 19% discount to the Basic Materials sector's median of 19x.
CDE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $15.7 | 9% below |
| 20 week MA | $17.2 | 17% below |
| 50 week MA | $18.6 | 23% below |
| 100 week MA | $14.3 | 0.3% below |
| 200 week MA | $9.22 | 55% above |
CDE has fallen below most of its moving averages, though it's still 55% above its 200-week average.
CDE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $7.97 | $9.88 | +24% |
| 2021 | $9.88 | $5.17 | -48% |
| 2022 | $5.17 | $3.43 | -34% |
| 2023 | $3.43 | $3.26 | -5% |
| 2024 | $3.26 | $5.77 | +77% |
| 2025 | $5.77 | $19.2 | +233% |
| 2026 YTD | $19.2 | $14.3 | -25% |
CDE's yearly returns have swung widely, from +233% in 2025 to −48% in 2021. It's down 25% so far in 2026.