Coeur Mining Inc. (NYSE:CDE) is one of the 20 undervalued momentum stocks that are taking off. In mid-June, the company’s management presented its investment case at the RBC Capital Markets Global Mining & Materials Conference. The company offers a compelling investment opportunity as a multi-asset precious metals producer poised for a step-change in performance.
Coeur’s flagship silver asset and the largest primary silver operation in the U.S., the Rochester mine, is entering its first full year since completing a major expansion. Output is expected to rise meaningfully, while unit costs are projected to fall sharply, setting the stage for improved operating margins.
A miner examining yellow gold ore in a mine shaft, symbolizing the company’s exploration process.
The recent acquisition of Las Chispas has also strengthened Coeur’s positioning in the silver industry. As per the analyst, this mine delivers high-grade ore at low cash costs, thus reinforcing the company’s margins and expanding its production base.
The company’s aggressive exploration strategy is also expected to be a key catalyst for growth. The company has earmarked $77–$93 million for exploration in 2025, targeting growth at core sites like Palmarejo, Kensington, and Silvertip. Over the past five years, that focus has paid off—Coeur has expanded its proven and probable reserves by 66%, adding long-term value to its portfolio.
Financially, the company is in a strengthening position. With leverage declining to 0.9x net debt/EBITDA, improved cash flow, and a balanced capital plan, Coeur is increasingly well-positioned to deliver good shareholder returns. Adjusted EBITDA is forecasted to more than double in 2025, supported by rising gold and silver production from a well-diversified portfolio.
Recent analyst opinions about the stock have been largely positive, with the stock currently holding a consensus Buy rating. On June 4, RBC Capital analyst Michael Siperco reaffirmed a Buy rating, raising his price target to $11 from $10. Before that, in early May, Cantor Fitzgerald analyst Mike Kozak upgraded the stock to Overweight from Neutral, with a steady $10 price target.
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