We recently compiled a list of the 12 Best Gold Stocks to Invest In According to Billionaires. In this article, we are going to take a look at where Coeur Mining, Inc. (NYSE:CDE) stands against the other gold stocks.
Within the global metals industry, the gold sector is essential because it offers long-term investors a profitable opportunity as well as a store of value in times of crisis. Gold continues to be one of the most sought-after precious metals in the world due to its historical use as a haven during times of inflation and geopolitical unrest, as well as its growing use in cutting-edge technologies.
According to Reuters, gold prices have risen to all-time highs as of March 2025, with spot prices hitting $2,936.38 per ounce and U.S. gold futures topping $2,956.10. Record central bank purchases, growing fears about inflation, and changing global monetary policies have all contributed to the surge, which has made gold a key asset class in an uncertain environment. Demand for gold as a safe haven has increased as a result of increased investor uncertainty brought on by the ongoing trade war between the United States and China, which has resulted in supply chain disruptions and retaliatory tariffs.
Gold produced a 43.83% return in 2024, significantly above the 20.89% gain of the whole market. Supported by over-the-counter investments and strategic central bank hoarding, especially in emerging nations like China and India, the total demand for gold hit a record high of 4,974 metric tons. For the third year in a row, central bank purchases topped 1,000 metric tons, according to the World Gold Council. Gold’s appeal is strengthened by this accumulation, which is a part of a larger trend of diversification away from the U.S. currency. The premium that investors are willing to pay in the current inflationary environment is reflected in the 9% increase in overall expenditure on gold jewelry, despite an 11% drop in demand for jewelry due to high costs.
Strong demand for investments further supports the market’s momentum. Demand for actual bars and coins remained stable at 1,186 metric tons, while ETFs saw no significant withdrawals for the first time since 2020. Due to gold’s use in semiconductor and artificial intelligence applications, technology use also increased by 7%. As gold moved from Asian markets like Dubai and Hong Kong to the U.S. due to favorable futures premiums and expected import duties, arbitrage opportunities drove an 80% increase in U.S. Comex inventories since late 2024.
Additionally, billionaire investors have increased their attention to the metals industry. According to the 2024 UBS Billionaire Ambitions Report, 40% of affluent investors intend to expand their holdings of gold and other precious metals in the upcoming year. Warren Buffett’s conglomerate has chosen mining stocks over actual gold, and Jeff Bezos and Bill Gates have invested $537 million in Africa’s rare metals sector. This is part of a larger strategy move toward assets linked to technology and sustainable energy. The fact that eight of the top 100 billionaires in Forbes have made their riches in mining and metals highlights the industry’s ongoing profitability.
Methodology
To create our list of the 12 Best Gold Stocks to Invest In According to Billionaires, we examined Insider Monkey’s exclusive database of billionaire stock holdings. Based on the largest number of billionaire investors, as of Q4 2024, we have chosen the 12 best gold stocks. We have included the total value of billionaire holdings as a secondary criterion to rank the stocks that have the same number of billionaire holdings. We have also considered the number of hedge funds holding a stake in the respective stocks, as per Insider Monkey’s database of Q4 2024.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Aerial view of a gold mine, reflecting the company’s precious metals mining operations.
Coeur Mining, Inc. (NYSE:CDE)
Number of Billionaire Investors: 10
Number of Hedge Fund Holders: 37
North American precious metals manufacturer Coeur Mining, Inc. (NYSE:CDE) operates in the United States, Canada, and Mexico. With properties including Palmarejo, Rochester, Kensington, Wharf, Silvertip, and the recently merged Las Chispas, the company searches for and produces gold, silver, zinc, and lead. It uses long-term off-take agreements to market its metal concentrates. CDE is among the best gold stocks on our list.
Coeur Mining, Inc. (NYSE:CDE) reported $360 million in sales for the quarter that ended March 31, 2025, up from $305 million in Q4 2024 and $213 million in Q1 2024. Adjusted net income from continuing operations was $60 million, or $0.11 per share, whereas GAAP net income was $33 million. At $149 million, adjusted EBITDA showed a significant year-over-year gain and a 28% sequential rise. Despite $130 million in one-time expenditures, such as tax and incentive payments, free cash flow was $18 million.
At low adjusted costs per ounce, Las Chispas alone contributed 7,175 ounces of gold and approximately 714,000 ounces of silver. Profitability was further supported by an improvement in average realized prices to $2,635 per gold ounce and $32.05 per silver ounce. Up to 8.3 million ounces of silver and 75,000 ounces of gold are expected to be delivered by the Rochester site by 2025.
The full-year 2025 production projection of 95,000–105,000 ounces of gold and 5.4–6.5 million ounces of silver was reiterated by Coeur Mining, Inc. (NYSE:CDE). With the help of improved margins, lower leverage, and sustained performance from Las Chispas, the company anticipates generating $75–$100 million in average quarterly free cash flow for the rest of the year. It demonstrated better financial health and operational momentum by ending the quarter with $78 million in cash and a 44% reduction in its revolving credit amount to $110 million.
Overall CDE ranks 8th on our list of the best gold stocks to invest in according to billionaires. While we acknowledge the potential of CDE as an investment, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CDE but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
