Coeur Mining, Inc.CDE
NYSE•Basic Materials•Gold
Coeur Mining, Inc. operates as a gold and silver producer in the United States, Canada, and Mexico. The company operates through Palmarejo, Rochester, Kensington, Wharf, Silvertip, and Las Chispas segments. It explores for gold, silver, zinc, lead, and other related metals. It markets and sells its concentrates to third-party customers, including refiners and smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc. in May 2013. Coeur Mining, Inc. was incorporated in 1928 and is headquartered in Chicago, Illinois.
Coeur Mining, Inc. (CDE) reported trailing twelve months revenue of $2.57B as of March 2026, a 113.7% increase year-over-year. Quarterly revenue reached $856.19M, reflecting continued top-line momentum.
Coeur Mining, Inc. generated $799.28M in TTM net income, with quarterly EBITDA of $449.00M. The operating margin expanded from 17.3% to 40.8%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (40.8%) and net margin (28.8%) indicates moderate non-operating costs. Net margin has improved from 9.3% a year ago, signaling stronger bottom-line efficiency.
CDE trades at a P/E of 14.3x (below the broader market average) and a P/S of 4.4x. The price-to-book ratio of 1.1x reflects a moderate premium to book value.
The company generated $266.76M in free cash flow over the trailing twelve months, a 1412.8% increase year-over-year, indicating cash generation ability. The balance sheet shows $15.26B in total assets with $747.30M in long-term debt against $10.41B in stockholders equity for a debt-to-equity ratio of 0.1, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are expanding at ~28.3%, suggesting durable pricing power and cost discipline.
ROE is low or negative, suggesting limited competitive advantage or capital allocation challenges.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (7 of 7 quarters up), with ~187.8% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~37.6% — no sign of cost or pricing stress.
FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.
D/E ratio is 0.1 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares outstanding increased 75.3% — significant dilution, likely from stock compensation or capital raises.