Shares of precious metals producer Coeur Mining continue to demonstrate resilience, buoyed by a confluence of operational achievements and favorable sector trends. The latest vote of confidence comes from Roth Capital, which on Monday issued a significant increase to its price target for the silver and gold miner.
Revised Target Signals Substantial Upside
Roth Capital raised its valuation forecast for Coeur Mining from $20 to $23 per share, implying a potential upside of approximately 36% from recent trading levels. The firm maintained its buy recommendation on the stock. Analyst Joe Reagor cited the company’s strengthened financial position and strategic advancements as key drivers behind the upgrade.
This move aligns with a broader positive sentiment among market observers. Previously, TD Securities set a $25 price target, while BMO Capital also lifted its own projection. The market’s reaction has been measured, with the equity holding steady around $17, consolidating gains from the prior week when it advanced by nearly ten percent.
Operational Momentum and Financial Strength
The optimistic analyst outlook is grounded in tangible financial results. Coeur Mining reported a year-over-year third-quarter revenue surge of 77%, reaching $554.6 million. This performance was fueled by elevated metal prices and expanded production. More critically, the company doubled its cash reserves to $266 million and reduced its net debt to a mere 0.1x EBITDA, showcasing a balance sheet markedly more robust than a year ago.
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Strategic initiatives provide further momentum. The announced acquisition of New Gold Inc. and a comprehensive exploration program at the Palmarejo mine in Mexico underscore growth ambitions. The company describes the Palmarejo campaign as its most extensive since 2012, aimed at extending the mine’s life and expanding its resource base.
Favorable Sector Tailwinds and Technical Position
Coeur Mining is also benefiting from a supportive macro environment for precious metals. Gold and silver prices are advancing, driven by expectations of forthcoming interest rate cuts from the U.S. Federal Reserve. As a producer with no hedging programs, Coeur is positioned to capture the full benefit of such price increases directly.
The stock has outperformed many peers in 2025, more than doubling in value. This rally has been supported notably by the ramp-up of the Rochester expansion in Nevada, which is now contributing meaningfully to free cash flow.
Looking ahead, near-term catalysts are in view, including the finalization of the New Gold transaction and new drill results from both Palmarejo and Rochester. From a technical perspective, the shares are testing a resistance zone near $17. A sustained breakout above this level could pave the way toward $20—a target increasingly reflected in analyst consensus.
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