Assessing Coeur Mining’s Valuation After Its 2024 Rally and Operational Progress

Coeur Mining (CDE) has quietly turned into one of this year’s more interesting precious metals trades, with the stock up sharply year to date as investors reconsider its leverage to gold and silver prices.

See our latest analysis for Coeur Mining.

That surge has been backed by improving sentiment toward precious metals and Coeur’s own operational progress, and with the share price now at $16.89 after a 172.42% year to date share price return and a 392.42% three year total shareholder return, momentum still looks more like a powerful rerating than a fleeting spike.

If this kind of turnaround story has your attention, it might be worth seeing what else is setting up for strong reratings via fast growing stocks with high insider ownership.

Yet with Coeur still trading at a notable discount to analyst targets and some estimates of intrinsic value, the key question now is whether this rally leaves meaningful upside on the table or already factors in the next leg of growth.

Most Popular Narrative Narrative: 19% Undervalued

With the most followed narrative setting fair value above Coeur Mining's last close, the valuation hinges on ambitious growth and profitability assumptions.

The successful ramp up and integration of the Rochester expansion and Las Chispas asset are driving significant increases in silver and gold production, positioning Coeur for robust revenue and earnings growth in the near to medium term.

Strengthened operational efficiencies reflected in declining cost applicable to sales per ounce and process improvements at key mines are improving operating leverage and could further support margin expansion and cash generation.

Read the complete narrative.

Curious how faster revenue growth, surging earnings power and thicker margins all combine into that higher fair value estimate plus still moderate future multiple? The full narrative unpacks the exact growth runway, profitability shift and valuation reset that underpin this upside case, and shows how those projections could reshape Coeur's earnings profile if they play out.

Result: Fair Value of $20.86 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, this upside case depends on continued exploration success and timely permitting, with setbacks or delays likely to quickly pressure both earnings and valuation assumptions.

Find out about the key risks to this Coeur Mining narrative.

Another Take on Valuation

On earnings based metrics, Coeur looks far less forgiving. Its P E ratio of 26.5 times sits above both peers at 23.3 times and a fair ratio of 25.8 times, suggesting the market already bakes in a lot of good news and leaves less room for execution slips.

See what the numbers say about this price — find out in our valuation breakdown.

Build Your Own Coeur Mining Narrative

If you see things differently or simply prefer to dig into the numbers yourself, you can build a complete view in minutes with Do it your way.

A great starting point for your Coeur Mining research is our analysis highlighting 4 key rewards and 1 important warning sign that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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