CHICAGO, August 30, 2026, 21:00 (EDT)
- Coeur Mining fell 4.86% Friday to $21.13, erasing about $1.1 billion.
- Gold and silver futures lost 0.63% and 0.92%, respectively.
- Management projects $2.3 billion of 2026 adjusted EBITDA and $1.5 billion of free cash flow.
- The average analyst target of $23.32 implies 10.4% upside.
Coeur Mining, Inc. (NYSE:CDE) fell 4.86% Friday to $21.13. The decline erased roughly $1.1 billion from its equity value.
The move was much larger than the metals decline. Gold futures fell 0.63%, while silver futures lost 0.92% as hawkish Federal Reserve language pressured mining shares Reuters.
That gap matters because Coeur now has record output and cash generation. The stock still behaves like a leveraged metals position.
| Friday comparison | Close | Session move |
|---|---|---|
| Coeur Mining | $21.13 | -4.86% |
| Gold futures | $4,501.16 | -0.63% |
| Silver futures | $67.16 | -0.92% |
| S&P 500 | 7,711.76 | -0.25% |
Coeur reported record second-quarter revenue of $1.1 billion. Adjusted EBITDA reached $478 million, and free cash flow climbed to $388 million company results.
Gold output rose 69% sequentially to a record 163,490 ounces. Silver production held at 4.4 million ounces despite lower grades at Rochester and Palmarejo.
The acquisitions of New Afton and Rainy River drove much of that expansion. They also increased weighted-average shares to 1.03 billion from 699 million a year earlier.
Management expects about 690,000 gold ounces and 20 million silver ounces this year. Its $2.3 billion adjusted EBITDA forecast values the equity near 9.4 times that measure.
The $1.5 billion free-cash-flow outlook implies a 6.9% equity yield. Coeur also held $1.1 billion of cash and repurchased $121 million of stock through July 31.
Analysts remain constructive but see limited immediate room. Eleven analysts carry a Buy consensus, with nine Buy ratings and no Sell ratings. Their $23.32 average target offers 10.4% upside MarketScreener.
Friday’s close was also 24% below the 52-week high. Yet it remains 64% above the low, leaving the shares exposed to further metals volatility.
Risks: Lower gold, silver or copper prices would pressure margins quickly. Mine integration, grades, recoveries and permitting could also reduce production or raise costs.
The next scheduled earnings report is November 11. Investors will focus on whether record production converts into the promised full-year cash flow market and calendar data.
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