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CDE · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Coeur Mining, Inc. (CDE) stock moving?
Coeur reported Q3 2026 results on Nov 4: revenue rose 77% year over year to $1.0B, adjusted EBITDA rose 69% to $448M, free cash flow reached $240M, and GAAP net income was $109M ($0.11 per share). Benzinga reported adjusted EPS of $0.10 against a $0.34 estimate and sales of $983.6M against a $1.268B estimate, so the headline growth came alongside a consensus miss. Quarterly gold output was 161,400 oz, but silver output fell 12% year over year to 4.2M oz, and realized prices eased to $3,979 gold and $62.22 silver from $4,140 and $71.18. Capital returns are a clear support: cash rose to $1.2B, the $750M buyback has repurchased $231M since mid-May (including $111M in Q3), and a $0.02 dividend is payable Dec 16. On Nov 9 management reiterated 2026 guidance at the low end of its ranges (about 630,000 oz gold, 18.7M oz silver and 40.0M lb copper) and flagged operating challenges at Rainy River, Palmarejo and Rochester. Analyst reaction is mixed: Scotiabank kept Sector Outperform but cut its target to $23.5, and Roth cut its target to $17 from $19 while keeping a Buy. The price rose about 14% from the Nov 3 close of 13.41 to the Nov 9 close of 16.45, with the largest gain on Nov 4 (+8.7%) after results. On Nov 10 the stock fell 7.1% to 15.29 on volume of 36.2M, close to the recent average and below the Nov 5 and Nov 6 peaks. The 30-day range runs from 12.71 (Oct 30) to 16.78 (Nov 9).
News behind the analysis
- Coeur Mining Reports Operational Updates and Maintains 2026 Production GuidanceCoeur reported $1.17 billion in cash and kept 2026 production guidance at the low end of its ranges, despite operating challenges at Rainy River, Palmarejo and Rochester.
- Scotiabank Maintains Sector Outperform on Coeur Mining, Lowers Price Target to $23.5Scotiabank kept its Sector Outperform rating on Coeur but lowered its price target to $23.5.
- Coeur Mining CFO to Participate in RBC Capital Markets Precious Metals ConferenceCFO Thomas S. Whelan will speak at the RBC Capital Markets Precious Metals Conference in London.
- Coeur Mining Q3 2026 Earnings Call TranscriptTranscript of the Q3 2026 earnings call, where management discussed the quarter's results and outlook.
- Amazon, Apple, FTAI Aviation And A Basic Material Stock: CNBC's 'Final Trades'CNBC's Final Trades segment included Coeur Mining as a pick from one of the guests.
- Coeur Mining Reports Third Quarter 2026 Financial ResultsCoeur reported $1.0 billion in revenue, up 77% year over year, and $109 million in GAAP net income ($0.11 per share), with adjusted EBITDA of $448 million.
- Coeur Mining Q3 Adj. EPS $0.10 Misses $0.34 Estimate, Sales $983.616M Miss $1.268B EstimateBenzinga reported Q3 adjusted EPS of $0.10 versus a $0.34 estimate and sales of $983.6 million versus a $1.268 billion estimate.
- CNBC Halftime Report Final Trades: Coeur Mining, Amazon, FTAI Aviation, AppleCoeur Mining was among the stocks discussed on CNBC's Halftime Report Final Trades segment.
- Analyst Adjusts Coeur Mining Price TargetRoth Capital kept its Buy rating on Coeur but cut its price target to $17 from $19.
About Coeur Mining, Inc.
Coeur Mining is a Chicago-based precious metals miner that runs seven wholly owned mines across the US, Canada and Mexico, including Rochester (Nevada), Kensington (Alaska), Wharf (South Dakota), Palmarejo and Las Chispas (Mexico), and New Afton and Rainy River (Canada). It stands out as one of the larger silver producers listed in the US. Its operations are all in North America, and it grew sharply by buying SilverCrest in 2025 and New Gold, for roughly $7 billion in stock, in March 2026.
How it makes money
Coeur makes money by mining and selling gold, silver and, since buying New Gold, some copper. Gold brings in the largest share of revenue, likely more than half, and silver is the second-largest source. Its 2026 guidance calls for roughly 680,000–815,000 ounces of gold, about 19–22 million ounces of silver and about 50–65 million pounds of copper. Profit depends mainly on the gap between metal prices and mining costs. Coeur recently started a small twice-yearly dividend and a share buyback program of about $750 million.
What usually moves CDE
- Gold and silver prices
- Mine production and cost per ounce
- Integration of the New Gold mines
- Mexican and Canadian operating and regulatory conditions
- Inflation in energy, labor and materials costs