Is Coeur Mining (CDE) One of the Top Stocks to Buy As Gold Rallies?

Coeur Mining, Inc. (NYSE:CDE) is one of the top stocks to buy as gold rallies. On October 7, the company presented a case for its strategic turnaround at the John Tumazos Very Independent Research Virtual Metals Conference 2025. The company detailed a financial turnaround in 2024 and 2025, highlighting a projected EBITDA surge from $142 million in 2023 to over $900 million in 2024. Free cash flow improved from negative territory (-$297 million) in 2023 to a projected $500 million-plus for 2024. Q2 2024 free cash flow was approximately $150 million, and the net leverage (net debt/EBITDA) ratio is expected to reach zero by year-end FY2024.

Production is also robust. The company stated that gold production increased by about 20% year over year, while silver production rose by over 60%. The major drivers behind this growth were the Rochester mine expansion – a large heap leach silver/gold operation in Nevada – and the acquisition of SilverCrest Metals (Sonora, Mexico).

Coeur also fully repaid its revolving credit balance in Q2 2025. Also, initial share repurchases began as part of a new $75 million buyback program, and cash and cash equivalents grew to $111.6 million as of August 2025.

Coeur Mining, Inc. (NYSE:CDE) explores, develops, and operates precious metals mines across North America. Its core assets include the Palmarejo silver-gold complex in Mexico, the Rochester silver-gold mine in Nevada, and the Kensington gold mine in Alaska. The company also holds interests in development-stage projects such as Silvertip in British Columbia. Its main offerings are silver and gold bullion.

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 this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.