Coeur Mining, Inc.

NYSE:CDE Stock Report

Market Cap: US$2.6b

Coeur Mining Valuation

Is CDE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CDE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CDE ($6.57) is trading below our estimate of fair value ($20)

Significantly Below Fair Value: CDE is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CDE?

Key metric: As CDE is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for CDE. This is calculated by dividing CDE's market cap by their current revenue.
What is CDE's PS Ratio?
PS Ratio2.6x
SalesUS$1.01b
Market CapUS$2.65b

Price to Sales Ratio vs Peers

How does CDE's PS Ratio compare to its peers?

The above table shows the PS ratio for CDE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average5.5x
BVN Compañía de Minas BuenaventuraA
2.8x2.0%US$3.1b
DRD DRDGOLD
2.4x11.0%US$833.9m
RGLD Royal Gold
14.8x18.5%US$9.7b
AU AngloGold Ashanti
2.1x11.4%US$10.6b
CDE Coeur Mining
2.6x17.0%US$2.6b

Price-To-Sales vs Peers: CDE is good value based on its Price-To-Sales Ratio (2.6x) compared to the peer average (5.5x).

Price to Sales Ratio vs Industry

How does CDE's PS Ratio compare vs other companies in the US Metals and Mining Industry?

25 CompaniesPrice / SalesEstimated GrowthMarket Cap
TX Ternium
0.4x2.7%US$6.55b
CLF Cleveland-Cliffs
0.3x4.1%US$5.87b
ARNC Arconic
0.4x5.8%US$3.01b
CSTM Constellium
0.3x9.3%US$1.76b
CDE 2.6xIndustry Avg. 1.3xNo. of Companies25PS0246810+
25 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: CDE is expensive based on its Price-To-Sales Ratio (2.6x) compared to the US Metals and Mining industry average (1.3x).

Price to Sales Ratio vs Fair Ratio

What is CDE's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CDE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.6x
Fair PS Ratio2.8x

Price-To-Sales vs Fair Ratio: CDE is good value based on its Price-To-Sales Ratio (2.6x) compared to the estimated Fair Price-To-Sales Ratio (2.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CDE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$6.57
US$8.64
+31.6%
9.8%US$10.00US$7.25n/a7
Nov ’25US$6.15
US$8.67
+40.9%
8.4%US$9.75US$7.50n/a6
Oct ’25US$6.90
US$7.86
+13.9%
16.3%US$9.50US$5.25n/a9
Sep ’25US$6.14
US$7.14
+16.3%
13.0%US$8.25US$5.25n/a9
Aug ’25US$6.00
US$7.08
+18.1%
14.0%US$8.50US$5.25n/a9
Jul ’25US$5.40
US$5.93
+9.8%
12.3%US$7.50US$5.00n/a9
Jun ’25US$5.75
US$5.79
+0.7%
11.7%US$7.50US$5.00n/a9
May ’25US$4.58
US$5.13
+12.0%
11.9%US$6.00US$4.25n/a9
Apr ’25US$4.18
US$3.75
-10.3%
12.9%US$4.50US$3.00n/a8
Mar ’25US$2.71
US$3.75
+38.4%
12.9%US$4.50US$3.00n/a8
Feb ’25US$2.86
US$4.22
+47.5%
10.0%US$5.00US$3.50n/a8
Jan ’25US$3.26
US$3.88
+18.9%
15.1%US$5.00US$3.00n/a8
Dec ’24US$3.16
US$3.78
+19.7%
18.2%US$5.00US$2.75n/a8
Nov ’24US$2.46
US$4.29
+74.2%
15.1%US$5.25US$3.25US$6.157
Oct ’24US$2.22
US$4.32
+94.7%
12.6%US$5.25US$3.75US$6.907
Sep ’24US$2.41
US$4.25
+76.3%
15.1%US$5.25US$3.25US$6.147
Aug ’24US$2.95
US$4.71
+59.8%
16.9%US$6.00US$3.75US$6.007
Jul ’24US$2.84
US$4.68
+64.7%
17.3%US$6.00US$3.75US$5.407
Jun ’24US$3.12
US$4.63
+48.2%
19.4%US$6.00US$3.75US$5.756
May ’24US$3.31
US$4.56
+37.8%
14.5%US$5.75US$4.00US$4.585
Apr ’24US$3.99
US$4.21
+5.5%
19.9%US$5.75US$3.25US$4.185
Mar ’24US$3.16
US$4.09
+29.5%
19.8%US$5.75US$3.25US$2.716
Feb ’24US$3.98
US$4.29
+7.8%
18.5%US$6.00US$3.50US$2.866
Jan ’24US$3.36
US$3.96
+18.0%
23.9%US$6.00US$3.00US$3.267
Dec ’23US$3.50
US$4.00
+14.3%
24.8%US$6.00US$3.00US$3.167
Nov ’23US$3.93
US$4.27
+8.7%
21.9%US$6.25US$3.15US$2.467

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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