CDE
Coeur Mining Inc
NYSE: CDE · BASIC MATERIALS · GOLD
$17.20
+4.88% today
Updated 2026-06-12
Market cap
$17.73B
P/E ratio
13.87
P/S ratio
6.91x
EPS (TTM)
$1.24
Dividend yield
—
52W range
$8 – $28
Volume
21.9M
Coeur Mining Inc (CDE) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed CDE price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$17.20
Today
Analyst consensus
$24.56
+42.79% · 12M
2030 Base
$15.03
-12.62% future
NPV today
$9.18
@ 11% WACC
14 analysts:
10 Buy4 Hold0 Sell
Management guidance
Coeur Mining completed acquisition of New Gold in March 2026, significantly expanding production capacity across North America. Company provided full-year 2026 production guidance with expected increases in gold, silver, and copper output. Management targets substantial production growth and improved cost profile through 2026-2027 from New Gold asset integration, positioning for multi-year revenue expansion.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
CDE · Coeur Mining Inc · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$4.46
NPV today: $2.72
Base case (2030)
$15.03
NPV today: $9.18
Bull case (2030)
$46.75
NPV today: $28.54
WallStSmart.com
CDE financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $2.1B | $5.9B | $7.3B | $8.7B | $9.9B | $11.0B |
| Revenue growth | 96.4% | 184.5% | 23.6% | 18.8% | 14.7% | 10.7% |
| Net margin | — | 40.1% | 43.0% | 44.1% | 44.5% | 44.6% |
| EPS | $0.78 | $2.28 | $3.02 | $3.68 | $4.25 | $4.72 |
| Diluted shares | — | 1036M | 1037M | 1038M | 1039M | 1039M |
| Net debt | — | $1.16B | $2.18B | $3.40B | $4.80B | $6.34B |
| P/S multiple | — | 2.0x | 2.0x | 2.0x | 2.0x | 2.0x |
| Implied price (base) | — | $10.26 | $11.94 | $13.39 | $14.48 | $15.03 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $11.0B | $11.0B | $11.0B |
| P/S multiple | 1.0x | 2.0x | 5.0x |
| Diluted shares | 1039M | 1039M | 1039M |
| Net debt | $6.34B | $6.34B | $6.34B |
| Implied P/E † | 1x | 3x | 10x |
| 2030 Price | $4.46 | $15.03 | $46.75 |
| NPV @ 11% | $2.72 | $9.18 | $28.54 |
† Implied P/E: Multiples remain elevated across all three scenarios because CDE is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $15.03 base case
CDE catalysts and risks
Growth catalysts
+ Full integration of New Gold acquisition assets (March 2026 close) driving production ramp through 2027
+ Gold and silver price appreciation (geopolitical tensions, central bank buying, U.S. debt trajectory support elevated pricing)
+ Production growth from newly acquired Canadian operations (higher-margin assets with expansion potential)
+ Strong free cash flow conversion enabling $750M share buyback and inaugural dividend program
+ Hyperscaler and industrial demand for silver and gold in semiconductors, clean energy transition
Key risks
- Significant share dilution (62% increase past year) masks underlying per-share earnings power; EPS growth much slower than net profit growth
- Metal price volatility (gold, silver exposed to geopolitical shocks, rate cuts, USD strength)
- Integration execution risk on New Gold acquisition; combined operating efficiency not yet proven
- Recent analyst downgrades (Cantor Fitzgerald downgrade in May 2026) signal valuation concerns after 136% YoY run
- High debt/capex requirements for mine operations; commodity price downturns compress margins rapidly
Methodology · Coeur Mining Inc 2030 stock forecast model
Coeur Mining Inc 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 14 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (1% cumulative for CDE by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($6.34B by 2030) |
| 3. Time value | NPV calculated using 11% WACC (CAPM: beta 1.242) |
| 4. Multiple framework | P/S compresses with scale: bear 1.0x / base 2.0x / bull 5.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 21, 2026.
CDE price target FAQ
What is the CDE price target for 2030?
WallStSmart's Coeur Mining Inc 2030 base case is $15.03 per share, with a bull case of $46.75 and bear case of $4.46. The NPV of the base case discounted to today at 11% WACC is $9.18.
How is the Coeur Mining Inc 2030 stock forecast calculated?
The CDE 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the CDE price target account for dilution?
Coeur Mining Inc is projected to grow diluted share count from 1031M to 1039M by 2030 (a 1% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 1%.
What is the analyst consensus on CDE stock?
14 analysts cover CDE with an average 12-month price target of $24.56. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.