Coeur Mining Is No Longer Cheap, But Growth Still Justifies More Upside

The Curious Analyst 5.25K Followers Follow Summary I'm reiterating Coeur Mining as a Strong Buy with a $26 price target, reflecting 30% upside. CDE delivered record revenue, adjusted EBITDA, and $388 million in free cash flow, ending the quarter with $1.1 billion cash and net cash position. The valuation has changed materially since my previous article because CDE now trades near the sector on forward earnings and EV/EBITDA rather than at a large discount. I therefore think investors are now paying for execution, which makes the New Afton and Rainy River ramp targets important milestones through the second half of 2026. I arrive at my price target by applying a FWD non-GAAP P/E multiple to my estimated FWD non-GAAP EPS of $1.26. Alan Nash/iStock via Getty Images Investment Thesis I am reiterating my Strong Buy rating on Coeur Mining, Inc. ( CDE ) following the company's Q2 2026 earnings results , while also introducing a $26 per share price target. More importantly, I think the This article was written by The Curious Analyst 5.25K Followers Follow My background is in Financial Engineering and I have long since been interested in analyzing strong solid companies with a rare financial Profile. My primary area of specialization is in quantamental analysis, where I use a combination of data driven models and fundamental research. My approach is centered on a structured process that combines top-down screening with bottom-up company specific analysis .I write on to share ideas with a wider audience and also learn more about companies and other analysts. My goal is to make unique ideas & research accessible to retail and professional investors alike, while maintaining analytical depth and a clear investment thesis.Associated with another author Kennedy Njagi Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in CDE over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.