Coeur Mining Stock’s Winning Streak May Not Be Over Yet
We think Coeur Mining (CDE) stock might be a good investment candidate. Why? Because you get strong margin, low-debt capital structure, and strong momentum – with room to run as the stock is meaningfully below its 52-week high.
There Are Several Things In Favor Of CDE Stock
CDE is up 219% so far this year, but can still run more given its good fundamentals and the fact that it is 21% below its 52-week high.
Recent Q3 2025 operational efficiencies and higher metal prices, including gold above $4,300/ounce, expanded gross margins to 78.6%. The capital structure is strengthened by a debt-to-equity ratio of 0.01 and significant cash generation, with the revolver extinguished in Q2 2025. Momentum is evident from the New Gold Inc. acquisition, set to create a top-ten producer for 2026, and a 178.2% YTD stock surge. Recent guidance anticipates 2025 EBITDA exceeding $1 billion.
And Its Fundamentals Look Good
- Long-Term Profitability: About 18.4% operating cash flow margin and 14.5% operating margin last 3-year average.
- Strong Momentum: Currently in the top 10th percentile of stocks in terms of “trend strength” – our proprietary momentum metric.
- Revenue Growth: Coeur Mining saw revenue growth of 68.3% LTM and 32.6% last 3-year average, but this is not a growth story
- Room To Run: Despite its momentum, CDE stock is trading 21% below its 52-week high.
Below is a quick comparison of CDE fundamentals with S&P medians.
| CDE | S&P Median | |
|---|---|---|
| Sector | Materials | – |
| Industry | Gold | – |
| PS Ratio | 6.8 | 3.2 |
| PE Ratio | 28.5 | 23.5 |
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| LTM* Revenue Growth | 68.3% | 6.0% |
| 3Y Average Annual Revenue Growth | 32.6% | 5.4% |
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| LTM* Operating Margin | 29.7% | 18.8% |
| 3Y Average Operating Margin | 14.5% | 18.3% |
| LTM* Op Cash Flow Margin | 33.9% | 20.4% |
| 3Y Average Op Cash Flow Margin | 18.4% | 20.1% |
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| DE Ratio | 3.2% | 21.0% |
*LTM: Last Twelve Months
But Be Wary Of The Risks
While CDE stock may be a compelling investment opportunity, it’s always helpful to be aware of a stock’s history of drawdown. CDE took some heavy hits during past selloffs. It plunged about 89% in the Dot-Com Bubble and fell over 93% in the Global Financial Crisis. The 2018 correction and Inflation Shock dragged it down around 77% and 82%, respectively. Even the Covid dip wasn’t kind, with a drop near 68%. So, while CDE might look strong on paper, history shows it can suffer steep declines when the market turns. Risk is real, even for solid names. But the risk is not limited to major market crashes. Stocks fall even when markets are good – think events like earnings, business updates, outlook changes. Read CDE Dip Buyer Analyses to see how the stock has recovered from sharp dips in the past.
If you want to see more details, read Buy or Sell CDE Stock.
CDE Is Just One of Several Such Stocks
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We chose these stocks using the following criteria:
- Greater than $2 Bil in market cap
- High operating or (cash flow from operations) margins
- No instance of very large revenue decline in the past 5 years
- Low-debt capital structure
- Strong momentum
A portfolio that was built starting 12/31/2016 with stocks that fulfil the criteria above would have performed as follows:
- Average 12-month forward returns of nearly 15%
- 12-month win rate (percentage of picks returning positive) of about 60%
Why Stock Pickers Win More With Multi Asset Portfolios
Single markets are unpredictable but different assets react differently. A multi asset portfolio cuts downside shocks while keeping upside on the table.
The asset allocation framework of Trefis’ Boston-based, wealth management partner yielded positive returns during the 2008-09 period when the S&P lost more than 40%. Our partner’ strategy now includes Trefis High Quality Portfolio, which has a track record of comfortably outperforming its benchmark that includes all 3 – the S&P 500, S&P mid-cap, and Russell 2000 indices