Is CDE a bully banal to buy? We came crossed a bullish thesis connected Coeur Mining, Inc. connected Beating The Tide’s Substack by George Atuan, CFA. In this article, we volition summarize the bulls’ thesis connected CDE. Coeur Mining, Inc.'s stock was trading astatine $19.78 arsenic of April 20th. CDE’s trailing and guardant P/E were 20.82 and 11.09, respectively according to Yahoo Finance.
Coeur Mining has undergone a melodramatic translation from a highly leveraged, cash-burning miner into a financially strong, North American-focused precious metals shaper with a diversified seven-mine portfolio spanning gold, silver, and copper. Under the enactment of Mitchell J. Krebs, the institution executed a bid of high-impact strategical moves, including the enlargement of Rochester, the acquisition of SilverCrest, and the caller $7B merger with New Gold, collectively reshaping its accumulation base, outgo structure, and equilibrium sheet.
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As a result, Coeur present operates with nett cash, generated $666M successful escaped currency travel successful 2025, and is guiding toward astir $3B successful EBITDA and $2B successful escaped currency travel by 2026, supported by beardown contributions from high-quality assets similar Las Chispas, Rochester, and the recently added New Afton and Rainy River mines. Despite this cardinal improvement, Coeur’s banal has declined astir 42% alongside a pullback successful golden and metallic prices, creating a compelling introduction constituent arsenic the marketplace appears to underappreciate the durability of its net powerfulness and the standard of its transformation.
Even astatine moderated commodity prices, Coeur’s mines make important margins, supported by improved operational ratio and reduced superior strength pursuing the completion of large projects. The company’s all-North American plus basal further enhances its concern illustration by minimizing geopolitical hazard portion providing vulnerability to a favorable long-term metals rhythm driven by cardinal slope demand, constrained supply, and macroeconomic uncertainty.
With a beardown equilibrium sheet, a recently introduced $750M buyback program, and important exploration upside crossed its portfolio, Coeur is good positioned to compound value. The operation of precocious escaped currency travel generation, strategical plus quality, and leverage to a sustained precious metals rhythm supports a bullish outlook, with meaningful upside imaginable arsenic execution continues and marketplace sentiment improves.
Previously, we covered a bullish thesis connected Harmony Gold Mining Company Limited (HMY) by Intelligent_Okra5374 successful April 2025, which highlighted beardown escaped currency flow, nett currency position, and leverage to rising golden prices. HMY's banal terms has appreciated by astir 41.51% since our coverage. George Atuan shares a akin presumption but emphasizes connected Coeur Mining’s transformation, diversified North American plus base, and higher escaped currency travel scalability post-acquisitions.

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