1. Coeur Mining, Inc. (NYSE:CDE)
Stock Upside Potential: 60.97%
Number of Hedge Fund Holders: 51
Coeur Mining Inc (NYSE:CDE) is one of the best gold mining companies to buy with high upside potential. On March 23, Cantor Fitzgerald upgraded Coeur Mining Inc (NYSE:CDE) to a Buy but lowered the price target to $20 from $24.
The upgrade is in response to the stock’s recent pullback amid broader industry consolidation. In addition, the research firm remains confident about the company’s long-term prospects, driven by its 2026 guidance and the prospects of mine life extensions. Dividend and buy-back plans also affirm commitment to shareholder value, thus the buy rating.
Coeur Mining Inc expects its 2026 consolidated gold, silver, and copper production to range between 680,000 and 815,000 ounces, 18.7 – 21.9 million ounces, and 50 – 65 million pounds, respectively. Amid the expected production, the board of directors has authorized an expanded $750 million share repurchase program. The board has also authorized a $0.02 share semiannual dividend expected to be paid in June and December.
“With the New Gold acquisition now complete, the addition of New Afton and Rainy River increases our expected overall gold production by 80% and adds meaningful copper production alongside our dominant silver production profile. The tremendous free cash flow profile from our combined platform of seven North American operations will allow the Company to meaningfully accelerate and enlarge its return of capital strategy while also further bolstering our overall liquidity position,” said Mitchell J. Krebs, Chairman, President and Chief Executive Officer.
Coeur Mining, Inc. (NYSE:CDE) is a precious metals producer with a primary focus on exploring, developing, and operating gold and silver mines in North America. It owns several major operations, including the Rochester (NV), Kensington (AK), Wharf (SD), Palmarejo (Mexico), and Las Chispas (Mexico) mines, as well as Canadian assets (Rainy River, New Afton).
While we acknowledge the potential of CDE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CDE and that has 100x upside potential, check out our report about the cheapest AI stock.
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