Coeur Mining and Hecla Mining are riding strong gold and silver prices, with record Q3 results, rising cash flow and active project pipelines heading into 2026.
CDE, IDR and IPX gain attention as USAR jumps 7.9% after a $1.6B CHIPS Act deal, lifting rare earth and critical miner stocks.
Coeur Mining (CDE) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
CDE's Q3 revenues soar to $555M on higher gold and silver prices, stronger output, and gains from newly acquired Las Chispas mine.
Coeur Mining's Q3 revenues surge 77% on higher metal prices, balanced output from five mines and rapid deleveraging fueling momentum.
Coeur Mining is undergoing a transformative shift to a high-margin, cash-generative model, driven by its acquisition of New Gold. CDE's projected 2026 output is 20M ounces of silver and 900K ounces of gold, supporting a dramatic earnings expansion and potential index inclusion. Revenue growth to $1.7B and free cash flow reversal position CDE for a net cash balance by 2026, strengthening its financial profile.
Coeur Mining (CDE) remains a Buy, with shares up 263% since my last rating and strong Q3 production results supporting the thesis. The pending New Gold (NGD) acquisition adds high-quality Canadian assets and copper exposure, though the market's initial reaction was curious. CDE trades at a 16% discount to peers on FWD EV/EBITDA, implying 12% undervaluation.
2025 will surely be remembered as the year that both gold and silver prices exploded.
CDE's valuation upward, Q3 revenue surged 77% YoY as balanced output from five North American mines and stronger metal prices fueled broad-based growth.
CDE's cash position surged to $266M on record production and strong metal prices, boosting liquidity and cutting leverage in the third quarter.
The article analyzes the potential and risks associated with the deal between CDE and NGD. I am upgrading CDE's rating to "Buy," while for NGD, I am conversely downgrading it to "Hold." The shareholders of CDE are the bigger winners in this transaction.
Coeur Mining earns a 'Buy' rating, driven by strong earnings growth, compelling valuation, and silver's rally toward $60/oz. CDE posted record Q3 production and EBITDA, with gold and silver output tracking ahead of guidance and margins expanding as inflation eased. The pending $7 billion all-equity acquisition of New Gold positions CDE as a leading North American precious metals producer, despite recent share price volatility.