Loading…
← CockpitCompetitor Analysis › CDE Coeur Mining, Inc.Open in the cockpit ↗

Coeur Mining, Inc.CDECompetitor analysis, valuation and peers

United States · USD·Materials›Precious Metals

US-based miner of silver and gold with operations in the United States, Canada and Mexico.

Momentum weak 29
Mkt cap
$15.9B
US dollars, full cap
Free float
99%
of shares outstanding
$/day
$528M
20-day average traded
Fwd P/E
12.1×
forward earnings
ROIC−WACC
-3.1 pp
WACC 11.9%
Hurdle
-11 pp
Req g minus delivered
Next earnings
110 days
24 Feb 2027
Close · USD$15.47
1D+5.7%
1W+18.1%
1M-8.3%
3M-14.8%
6M-16.6%
YTD-13.2%
1Y+9.0%
ATR %5.9%
Beta2.74
52w lowhigh44.3% off high

What Coeur Mining does

US-based miner of silver and gold with operations in the United States, Canada and Mexico.

Sells silver and gold in concentrate and doré at market prices, so earnings follow metal prices and mine costs, with gold now the larger share of revenue. It has been buying, taking in SilverCrest Metals and its Las Chispas mine in Mexico in 2025.

Products and services

  • Silver production
  • Gold production

Customers

  • Bullion banks/refiners

Where it sits in the supply chain

  • Materials
  • Metals & mining
  • Silver and gold mining

What could go right

  • Higher silver and gold prices
  • Production growth from mine expansions

What could go wrong

  • Metal-price volatility
  • Rising mining costs (labor, energy, materials)

Moat: none (scale). Commodity silver/gold producer; no pricing power over the metals it sells.

Headquarters: Chicago, Illinois, United States · Founded: 1928 · Employees: 2,620

Named competitors

Coeur Mining at a glance

Size Coeur Mining (CDE) is a United States Materials company (Precious Metals) with a market value of $15.9B, the 575th largest of 3,117 United States companies the cockpit tracks. Shares closed at $15.47 on 6 Nov 2026.

Performance Over six months the shares fell 16.6%, against -7.6% for the median peer and -1.1% for the United States market (cap-weighted) — 9th lowest of 21 in its peer set.

Growth Revenue grew 116.8% over the last twelve months (peer median +32.8%); the operating margin is 35.4% (peer median 46.0%).

Valuation It trades at 12.1× forward earnings against a peer median of 11.4× (9th most expensive of 21).

Price implies For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is +22%, so the hurdle is -11 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 3.1 points below its cost of capital (11.9% WACC).

Short interest Short interest is 5.5% of the free float (15 Oct 2026).

Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026Peer median 89CDE 78
Six months, rebased to 100: Coeur Mining against the median of its 20 peers (local-currency closes).

Coeur Mining financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$3.16B$2.07B$1.07B$810M$761M
Revenue growth—+93%+32%+6%—
Gross profit$1.19B$813M$264M$30.4M$2.37M
EBITDA$1.64B$1.02B$346M$95.4M$84.4M
Net income$850M$586M$58.9M-$104M-$78.1M
Free cash flow$1.16B$666M-$8.95M-$297M-$327M
Capital expenditure$310M$221M$183M$365M$352M
Total debt$713M$359M$616M$562M$542M

Quarterly statements and history in the cockpit →

Coeur Mining competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-30%-20%-10%0%+10%-10%0%+10%1787600489LUGPAASEVNEDVEQXAGI600988RGLDIMG000975FRESNSTGMINHLHMYKELDCGGCDE6-month return →1-month return →
Up and to the right = strong over both horizons. Coeur Mining is the large dot.

Fundamentals: revenue growth against valuation

+25%+50%+75%+100%10×15×20×1787600489LUGPAASEVNEDVEQXAGI600988RGLDIMG000975FRESNSTGMINHLHMYKELDCGGCDERevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Coeur Mining is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%600489LUGPAASEVNEDVEQXAGI600988RGLDIMG000975FRESNSTHLHMYCGGCDEGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Coeur Mining is the large dot.

Coeur Mining competitors and peer comparison

Head to head with its named competitors (CDE vs HL vs LUG.TO vs AG.TO)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Coeur Mining CDE$15.9B-17%+117%35%12.1×10.9%
Hecla Mining HL$9.90B-21%+30%48%18.1×8.0%
Lundin Gold LUG.TO$17.0B+7%+36%65%16.0×9.9%
First Majestic Silver AG.TO$7.52B-27%+96%44%18.1×9.2%
Fresnillo FRES.L$24.9B-31%+48%59%11.8×-8.2%
Endeavour Silver EDR.TO$2.34B-20%+198%26%10.9×n/a
SSR Mining SSRM$5.66B-17%+39%42%8.1×n/a
Fortuna Mining FVI.TO$2.87B-5%+6%49%6.4×-4.6%
Compania de Minas Buenaventura SAA Sponsored ADR BVN$7.25B-21%+64%45%6.5×-14.1%
Hochschild Mining HOC.L$3.37B-27%+37%44%9.8×-10.7%

How Coeur Mining compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Coeur Mining against its 20 peers (data as of 6 Nov 2026)
MeasureCDEPeer medianRank in peer set
1-month return-8.3%-1.1%3rd lowest of 21
6-month return-16.6%-7.6%9th lowest of 21
Distance from 52-week high-44.3%-33.8%4th lowest of 21
Revenue growth (TTM)+116.8%+32.8%highest of 21
Operating margin35.4%46.0%4th lowest of 21
Forward P/E12.1×11.4×9th most expensive of 21
Growth the price implies (Req g, 7 yrs)10.9%4.4%3rd most demanding of 18
Growth delivered (Del g)+21.6%+17.7%7th highest of 18
Hurdle (Req g minus delivered)-10.7 pp-16.3 pp6th most demanding of 18
ROIC minus cost of capital-3.1 pp+14.0 pp2nd lowest of 19
EV / EBITDA9.5×8.4×5th most expensive of 17
Net debt / EBITDA-0.2×-0.2×9th least indebted of 17

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Coeur Mining CDEUnited States$15.9B-17%+117%35%12.1×10.9%+21.6%
Shandong Gold Mining 1787.HKHong Kong$16.4B-42%+12%13%11.1×n/an/a
Zhongjin Gold 600489.SSChina$15.1B-20%+25%13%11.4×-5.9%+10.5%
Lundin Gold LUG.TOCanada$17.0B+7%+36%65%16.0×9.9%+39.0%
Pan American Silver PAAS.TOCanada$17.2B-26%+37%39%9.5×4.4%+23.0%
Evolution Mining EVN.AXAustralia$18.3B-4%+28%42%13.4×10.8%+24.4%
Endeavour Mining EDV.TOCanada$13.7B-10%+27%47%9.3×-6.5%+25.4%
Equinox Gold EQX.TOCanada$13.5B-17%+63%36%9.7×21.0%+17.5%
Alamos Gold AGI.TOCanada$13.4B-22%+41%57%11.3×7.8%+20.3%
Chifeng Jilong Gold Mining 600988.SSChina$11.6B-2%+23%43%17.4×-5.7%+22.6%
Royal Gold RGLDUnited States$22.5B+11%+94%63%20.9×10.9%+15.6%
IAMGOLD IMG.TOCanada$10.8B+6%+83%48%9.1×1.4%+19.1%
Shanjin International Gold 000975.SZChina$10.2B-6%-4%36%15.2×-5.7%+16.7%
Fresnillo FRES.LUnited Kingdom$24.9B-31%+48%59%11.8×-8.2%+12.6%
Northern Star Resources NST.AXAustralia$25.3B+19%+19%35%17.8×17.5%+22.5%
G Mining Ventures GMIN.TOCanada$9.98B-10%+72%66%19.4×n/an/a
Hecla Mining HLUnited States$9.90B-21%+30%48%18.1×8.0%+15.0%
Harmony Gold Mining Co. Ltd. Sponsored ADR HMYUnited States$9.84B-3%+50%45%5.3×-14.1%+17.7%
Kinross Gold K.TOCanada$26.4B-25%+30%51%8.5×-3.9%+11.8%
Eldorado Gold ELD.TOCanada$9.37B+11%+25%45%7.7×n/an/a
China Gold International Resources CGG.TOCanada$9.08B+10%+53%56%9.7×5.2%+10.4%

Questions

Who are Coeur Mining's main competitors?
Named competitors: Hecla Mining (HL), Pan American Silver (LUG.TO), First Majestic Silver (AG.TO), Fresnillo (FRES.L), Endeavour Silver (EDR.TO), SSR Mining (SSRM). The cockpit's measured peer set (industry) also includes Shandong Gold Mining (1787.HK), Zhongjin Gold (600489.SS), Lundin Gold (LUG.TO), Pan American Silver (PAAS.TO), Evolution Mining (EVN.AX), Endeavour Mining (EDV.TO).
Is Coeur Mining expensive compared with its peers?
On forward p/e it trades at 12.1× against a peer median of 11.4×, 9th most expensive of 21 in its peer set. For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is +22%, so the hurdle is -11 pp: the price already allows for a slowdown.
How has Coeur Mining stock performed?
Over six months to 6 Nov 2026 the shares returned -16.6% against -7.6% for the median peer; over one year +9.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.