How Much Higher Can Coeur Mining Stock Go From Here?
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Shares of Coeur Mining (CDE) closed at $13.45 on October 23, marking their lowest finish in a year and a 30.0% drop from their September 25 close. The worst day came on October 22, when the stock fell 8.3%. The question for a buyer is whether this gold, silver and copper miner has more to fall or more to regain. The shares have fallen this fast many times since 2010. So how much higher did Coeur’s shares go in the year after those drops?
How Much Did Coeur Stock Rise After Earlier Drops?
The median gain a year after a drop was 7.0%. Counting this latest decline, Coeur stock has fallen this fast 21 times since 2010. Ten of the 19 drops with a full year behind them left the shares higher twelve months later. That median sits between very different years, with results ranging from a 62% loss to a 563% gain. The two most recent drops, in November 2025 and this October, are too recent to judge.
The larger gains materialized during the year rather than at its end. Within a year of each drop, the highest stock price reached a median 53.3% above the price on the day of the decline. Reaching that high took a median of 204 days, almost seven months. Buyers also endured lower prices along the way. The lowest close in that following year was a median 34.0% below the close on the day of the drop.
| Time after a past dip | Past dips with that much time after them | Median CDE price change |
|---|---|---|
| 21 trading days | 20 | 2.0% |
| 63 trading days | 20 | 10.5% |
| 126 trading days | 20 | 4.0% |
| 252 trading days | 19 | 7.0% |
| Dip date | CDE price change over the 30 trading days to the dip date | SPY price change over the same days | CDE price change 252 trading days after the dip date | Highest price in those 252 trading days, against the dip-date price | Calendar days to that highest price | Lowest price in those 252 trading days, against the dip-date price |
|---|---|---|---|---|---|---|
| 2026-10-22 | -31.8% | 1.0% | window not complete | window not complete | window not complete | window not complete |
| 2025-11-19 | -30.0% | -2.0% | window not complete | window not complete | window not complete | window not complete |
| 2023-09-07 | -30.3% | -2.0% | 135.0% | 201.8% | 313 | -10.7% |
| 2023-05-25 | -32.7% | 0.0% | 89.0% | 100.3% | 361 | -32.6% |
| 2023-03-09 | -31.2% | -2.0% | 12.0% | 53.3% | 35 | -30.5% |
| 2022-07-18 | -33.3% | -8.0% | 19.0% | 56.0% | 269 | -7.7% |
| 2022-05-12 | -30.8% | -14.0% | 7.0% | 42.9% | 336 | -15.5% |
| 2021-12-29 | -30.5% | 3.0% | -28.0% | 11.7% | 21 | -46.2% |
| 2021-07-23 | -33.6% | 4.0% | -62.0% | 3.8% | 6 | -64.0% |
| 2020-02-27 | -32.5% | -9.0% | 102.0% | 150.3% | 340 | -42.5% |
| 2019-04-03 | -30.1% | 3.0% | -19.0% | 109.0% | 267 | -34.0% |
| 2018-11-29 | -32.2% | -2.0% | 67.0% | 72.7% | 356 | -28.6% |
| 2018-08-16 | -32.2% | 4.0% | -10.0% | 6.4% | 62 | -48.5% |
| 2017-03-02 | -30.2% | 5.0% | -2.0% | 23.2% | 47 | -15.4% |
| 2016-01-19 | -34.2% | -8.0% | 563.0% | 823.7% | 204 | 0% |
| 2015-07-24 | -30.2% | -1.0% | 238.0% | 266.2% | 360 | -54.7% |
| 2015-03-27 | -30.0% | -1.0% | 13.0% | 25.6% | 83 | -65.7% |
| 2014-09-23 | -30.4% | 3.0% | -52.0% | 25.1% | 139 | -53.5% |
| 2013-10-08 | -30.5% | 0.0% | -58.0% | 14.2% | 14 | -60.5% |
| 2012-05-15 | -31.3% | -6.0% | -21.0% | 90.8% | 170 | -21.4% |
| 2011-05-18 | -30.5% | 1.0% | -34.0% | 18.5% | 286 | -35.1% |
| Median of 19 complete windows | – | – | 7.0% | 53.3% | 204 | -34.0% |
Coeur Mining’s Sales Have More Than Doubled
Coeur generated $3.17 billion in revenue over the four quarters to June 30, 2026, a 117.3% increase from a year earlier. Management said the record fiscal Q2 2026 results came in large part from the first full quarter of New Afton and Rainy River, two recently acquired operations.
This growth arrived with cash. Operations brought in $1.47 billion of cash over those four quarters. The company held $1.05 billion in cash and short-term investments at June 30, exceeding its $713 million of debt. At the October 23 close, the shares traded at 16.3 times Coeur’s earnings over the past four quarters, compared with 22.9 times for the S&P 500.
Coeur’s New Mines Are Ramping Up Later Than Planned
New Afton and Rainy River are progressing more slowly than scheduled. On the August 6 call, management said New Afton should reach its targeted mining rate early in the fourth quarter, roughly three months later than the plan it started the year with. Coeur lowered its 2026 gold production forecast in an August 5 release, dropping the projection by 7.7% from the forecast it gave in May.
Margins slipped as well. Coeur recorded a 20.0% operating margin in fiscal Q2 2026, down from 30.9% in the same quarter a year earlier. Management said acquisition accounting for Rainy River’s stockpile inventory took about $140 million out of that quarter’s earnings, without using any cash.
If you buy Coeur now, you are betting that its sales keep growing while New Afton and Rainy River catch up to plan. You also need to be ready to hold through lower prices first, as buyers after past drops usually had to. New Afton’s daily mining rate is the measure to watch when Coeur next reports its quarterly results.
Your Advisor Retired? Get A Second Opinion Before You Settle
A fall like this makes Coeur Mining holders want to act, by buying more or by getting out. When the advisor who built your plan moves on, it is a natural moment to ask whether the plan still fits the life you have now. Our partner advisory firm offers a free review of your holdings, fees and income plan.
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