Coeur Mining (CDE) Valuation Check After Palmarejo’s Biggest Exploration Push Since 2012 and New Drill Success

Coeur Mining (CDE) just kicked off its biggest exploration push at Palmarejo since 2012, and early drilling hits at La Unión, Camuchín, Hidalgo, and San Miguel are quietly reshaping the long term resource picture.

See our latest analysis for Coeur Mining.

That exploration update lands after a huge run, with Coeur’s share price now at $16.07 and a powerful year to date share price return of 159.19 percent alongside a 1 year total shareholder return of 129.9 percent. This is signalling momentum that investors clearly see as tied to growing resource confidence rather than just gold price moves.

If this kind of turnaround story has your attention, it could be a good moment to explore fast growing stocks with high insider ownership as you look for the next wave of high conviction ideas.

Yet with analysts still seeing upside to their price targets and Palmarejo’s exploration potential only starting to be reflected in the numbers, should investors expect more room to run here, or assume the market is already discounting the next leg of growth?

Most Popular Narrative: 23% Undervalued

With Coeur Mining last closing at $16.07 against a narrative fair value near $21, the gap hints at sizable upside if the thesis holds.

The analysts have a consensus price target of $13.083 for Coeur Mining based on their expectations of its future earnings growth, profit margins and other risk factors. However, there is a degree of disagreement amongst analysts, with the most bullish reporting a price target of $14.5, and the most bearish reporting a price target of just $12.0.

Read the complete narrative.

Want to see why this narrative leans into accelerating earnings, rising margins, and a richer future multiple than today, yet still calls the stock undervalued? Dive in.

Result: Fair Value of $20.86 (UNDERVALUED)

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

However, that potential upside depends on exploration success and smoother permitting. Delays, cost inflation, or weaker drill results could quickly challenge today’s optimistic assumptions.

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

Another Angle on Value

Analysts and narratives see upside, but the market is already paying a rich 25.2 times earnings for Coeur, compared with 22.3 times for peers and a fair ratio of 25.9 times. That leaves only a slim valuation cushion if growth or metals prices stumble.

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

Build Your Own Coeur Mining Narrative

If you see the story differently or would rather test the numbers yourself, you can build a custom view in just minutes: 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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