On Friday, December 26, 2025, Coeur Mining, Inc. (NYSE: CDE) is back in the spotlight as U.S. markets reopen after the Christmas holiday and precious metals extend a historic year-end surge. In thin post-holiday trading conditions, miners tied to gold and silver have been among the most reactive corners of the tape—and Coeur is right in the middle of that action. [1]
Below is what’s driving CDE stock today, what the latest forecasts and analyst targets are signaling as of Dec. 26, and why the company’s pending acquisition of New Gold could define the next leg of the story into early 2026. [2]
Coeur Mining stock price today: where CDE stands on Dec. 26, 2025
With U.S. markets reopening after the Dec. 25 holiday, CDE’s most recent regular-session close was $18.72 on Dec. 24. Early pre-market indications around 6:53 a.m. showed the stock near $19.33, implying a roughly +3% move before the opening bell. [3]
That kind of pre-market pop isn’t happening in a vacuum. It’s arriving at the intersection of:
- record-setting precious metal prices, and
- a company-specific catalyst that investors keep circling back to: Coeur’s proposed all-stock acquisition of New Gold. [4]
For context on volatility, Investing.com lists Coeur’s 52-week range from roughly $4.58 to $23.615—a reminder of how dramatically sentiment has shifted over the past year in the precious metals complex. [5]
What’s moving Coeur Mining stock on Dec. 26: the metal rally is doing the heavy lifting
1) Silver just cleared $75 as gold and platinum hit fresh records
The biggest “today” headline for precious-metals equities is simple: spot silver broke above $75/oz for the first time, while gold and platinum also pushed to all-time highs, according to Reuters reporting from Dec. 26. [6]
Reuters noted multiple drivers behind the move, including:
- rate-cut expectations supporting non-yielding assets like gold,
- geopolitical uncertainty, and
- low year-end liquidity amplifying volatility—a classic ingredient for outsized swings in metals (and, by extension, miners). [7]
2) Miners are reacting fast—Coeur included
In the same post-holiday context, Reuters also reported that U.S.-listed precious metal miners (including Coeur Mining) were among the names moving higher as gold and silver hit fresh records. [8]
This “torque” is one of the defining features of mining stocks: when metal prices spike, miners can move more than the metal itself, because the market reprices future cash flows and margins (sometimes aggressively, sometimes recklessly).
The biggest company-specific catalyst: Coeur’s proposed New Gold acquisition heads to a Jan. 27 vote
If the metals rally is the daily spark, Coeur’s proposed acquisition of New Gold is the structural storyline investors keep pricing and repricing.
What the deal is
Coeur and New Gold announced in early November that they entered into a definitive agreement where a Coeur subsidiary would acquire all outstanding New Gold shares in an all-stock transaction, with New Gold shareholders receiving 0.4959 shares of Coeur common stock per New Gold share. [9]
The timeline investors are watching
Both companies have now put hard dates on the calendar:
- Coeur stockholders: a special meeting on Jan. 27, 2026 (online) to vote on matters connected to the transaction, including a charter amendment to increase authorized shares (from 900 million to 1.3 billion) and approval of the share issuance related to the deal. [10]
- New Gold shareholders: a special meeting on Jan. 27, 2026 to approve the transaction, with New Gold stating it has filed and started mailing its circular and proxy materials. [11]
New Gold also disclosed it received an interim court order related to meeting logistics and reported that Canada’s Competition Act approval requirement (via an advance ruling certificate) was satisfied on Dec. 5, 2025. [12]
Why the deal matters for CDE stockholders
Coeur’s original announcement positioned the transaction as a scale-and-quality leap: a combined North American precious-metals producer with expected 2026 output of approximately 20 million ounces of silver, 900,000 ounces of gold, and 100 million pounds of copper, alongside expectations of about $3 billion in EBITDA and about $2 billion in free cash flow in 2026 (company-provided expectations, not guarantees). [13]
That’s the promise. The market’s job is to decide how much of that promise is credible, financeable, and executable—especially if metals prices remain volatile.
Coeur Mining stock forecast: what analysts and models are saying as of Dec. 26, 2025
“Forecast” can mean two very different things in finance:
- Wall Street research (human analysts issuing price targets and ratings), and
- model-driven prediction sites (algorithmic or technical-indicator-based projections).
Both are widely read. Neither is a crystal ball. Here’s where the published numbers stand going into today’s session.
Analyst ratings and price targets: bullish ratings, but targets vary widely
On MarketBeat, Coeur shows a consensus rating of Moderate Buy based on 11 analyst ratings, with an average 12-month price target of $16.75, and a wide range from $8.25 (low) to $25.00 (high). Notably, that average target sits below the recent ~$18–$19 trading area, implying analysts (as aggregated there) see the stock as closer to fairly valued—or even modestly overextended—depending on methodology and timing. [14]
StockAnalysis, using a smaller displayed set of analysts, shows a more optimistic snapshot: 3 analysts with an average target of $20 (low $12, high $25) and an overall Strong Buy consensus. It also lists recent target updates including a Roth Capital raise (covered below). [15]
Why the mismatch? These platforms can differ in which firms they include, how recently they refresh, and whether they weight older targets. The important takeaway for readers isn’t which site is “right”—it’s that there is real dispersion in how Wall Street values Coeur after a massive 2025 run.
A notable recent update: Roth raises Coeur’s target to $23
TipRanks (via TheFly) reported that Roth Capital analyst Joe Reagor raised Coeur’s price target to $23 from $20 and maintained a Buy rating, citing revised forecasts for Q4 2025 and beyond and updating assumptions around gold and silver pricing. [16]
That kind of upward target revision tends to matter most when it changes the narrative: it can reinforce the idea that Coeur is not just a “metal beta” trade, but a company whose earnings power could look meaningfully different if the current metals regime persists.
Model-based forecasts published today: cautious near-term projections despite “bullish” signals
Several forecast sites updated their technical outlook around today’s session. CoinCodex’s Coeur Mining page (updated on Dec. 26, 2025) describes sentiment as “Bullish,” while projecting a move to around $18.33 by Jan. 25, 2026 (a modest decline from the current ~$18.7 area shown on that page). [17]
If that sounds contradictory—bullish sentiment but a slightly lower target—welcome to technical analysis, where “bullish” often means “more indicators pointing up than down,” not “guaranteed higher price.”
For investors and readers, the practical use of these model pages is less about believing the exact number and more about recognizing the setup: volatility is elevated, and near-term direction is being treated as a tug-of-war rather than a one-way street. [18]
Under the hood: Coeur’s latest reported fundamentals still show real momentum
A key reason Coeur has remained “sticky” on watchlists in 2025 is that the company hasn’t just ridden metal prices—it has also reported strong operating results.
In its third-quarter 2025 results (reported Oct. 29, 2025), Coeur posted:
- Revenue of $555 million
- GAAP net income from continuing operations of $267 million ($0.41/share)
- Record quarterly free cash flow of $189 million
- Record adjusted EBITDA of $299 million
- Quarter-end cash and equivalents of $266 million, more than doubling from the prior quarter-end (per the release)
- Year-to-date repayment of over $228 million of total debt, with a net leverage ratio of 0.1x at quarter-end (per the release) [19]
These figures matter because they help explain why Coeur has been treated as more than a short-term momentum trade. When miners generate cash, reduce leverage, and report consecutive quarters of profitability, the market’s willingness to assign higher multiples tends to increase—especially in a metal bull market. [20]
Is Coeur Mining stock overvalued after a huge 2025 run?
Coeur has been one of the standout performers of 2025 in the large-cap universe. Cabot Wealth included Coeur Mining among its best-performing large-cap stocks of 2025, listing it around +230% year-to-date. [21]
That kind of move invites the inevitable question: is the stock already pricing in peak optimism?
Different outlets answer that differently:
- Simply Wall St (Dec. 13, 2025) presented a DCF-based framework suggesting an intrinsic value near $29.93/share under its assumptions, while also noting the stock’s valuation signals can look “about right” on earnings-based comparisons—essentially arguing that the answer depends on which lens you trust and what you assume about future cash flow. [22]
- Other analyst-consensus aggregations (like MarketBeat) show an average target below current levels, which can be read as caution after a sharp run. [23]
The honest synthesis is this: Coeur is no longer a “forgotten miner.” It’s a widely watched, widely owned metals name in a year when metals became the main character.
What to watch next: the three catalysts that could move CDE stock into early 2026
1) Precious metal prices and volatility
With silver pushing record territory and gold printing new highs, the metal tape remains the daily driver. Reuters specifically flagged that thin liquidity is amplifying volatility—meaning miners can swing hard even on modest changes in the macro narrative. [24]
2) The New Gold transaction vote on Jan. 27
Jan. 27, 2026 is now the key date: both Coeur and New Gold are holding meetings that day tied to the transaction approvals. [25]
3) Earnings season: next report window in mid-February
According to Zacks’ earnings calendar, Coeur is expected to report its next quarterly results on Feb. 18, 2026. (Earnings calendars can shift, but that is the published scheduled date there as of now.) [26]
Bottom line for Dec. 26, 2025
Coeur Mining stock is entering the last stretch of 2025 with two forces pulling on it at once:
- A once-in-a-generation-feeling precious-metals tape, with silver above $75 and gold at record highs, and
- A high-stakes corporate catalyst, as Coeur’s planned acquisition of New Gold approaches a decisive shareholder vote on Jan. 27, 2026. [27]
Analysts remain broadly constructive on ratings, but price targets are scattered, and model-based forecasts suggest choppy, high-volatility trading is still the base case near term. [28]
In other words: Coeur isn’t just trading on what it did in 2025—it’s trading on what investors believe silver does next, and whether Coeur can turn a metal rally plus M&A into durable, repeatable free cash flow. [29]
References
1. www.reuters.com, 2. www.sec.gov, 3. www.investing.com, 4. www.reuters.com, 5. www.investing.com, 6. www.reuters.com, 7. www.reuters.com, 8. www.reuters.com, 9. www.coeur.com, 10. www.sec.gov, 11. www.prnewswire.com, 12. www.prnewswire.com, 13. www.coeur.com, 14. www.marketbeat.com, 15. stockanalysis.com, 16. www.tipranks.com, 17. coincodex.com, 18. coincodex.com, 19. www.coeur.com, 20. www.coeur.com, 21. www.cabotwealth.com, 22. simplywall.st, 23. www.marketbeat.com, 24. www.reuters.com, 25. www.sec.gov, 26. www.zacks.com, 27. www.reuters.com, 28. www.marketbeat.com, 29. www.coeur.com
