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Merkapital Research
Institutional Equity Research (Educational)
Equity Research Note

CDE Faces Mixed Market Sentiment Amid Metal Price Fluctuations

CDE|March 28, 2026

Merkapital proprietary research generated from the same Thesis Plan engine (news narrative → scenario overlay → risk framework → listed-options context). For information only — not a recommendation or personalized advice.

Executive Summary

  • Thesis: Recent headlines reflect a divergence in sentiment for Coeur Mining (CDE), driven by surging metal prices juxtaposed against broader industry losses.
  • Reference spot: $17.13 · Scenario-implied fair value: · Upside anchor: $27.65 (~+61.4% vs spot)
  • Risk framework: Volatility-adjusted stop at $15.78 (~7.9% below spot); risk/reward 7.76 : 1 vs modeled upside anchor.
  • Derivatives: Listed options snapshot unavailable (No valid bull call spread for ~6m / ~12m expirations (illiquid chain or R:R filter)).

Overview metrics

Quantitative snapshot from the Merkapital dashboard (same fields as Stocks → Overview Metrics), frozen at Thesis Plan save time.

Confidence Score
79
P(Up) 1Y
53%
Exp. Return (median 1Y)
+4.3%
Volatility (model)
+52.3%
1Y range (10th–90th)
-46.2%+102.2%
U/D ratio
2.21
Momentum (3-1m)
+78.5%
Merkapital Trend™
% to analyst target
+61.4%
PEG
3.75
ROE (TTM)
+26.4%
Op. margin (TTM)
+50.6%
Profit margin
+28.3%
Analyst target
$27.65
Fwd P/E
11.6
EPS TTM
0.95
Confidence factor breakdown (0–100 each)
Earnings growth
0
Analyst consensus
1
Value (PEG)
-0
Quality
1
Momentum
1
Market base
1

Merkapital proprietary research (public sample)

Key developments & media context

Catalyst / news flow (seed narrative)

The following item was flagged in Market Intelligence and used as the primary media input for this note. It frames the narrative that the Thesis Plan engine then maps into scenarios, risk/reward, and options structure — it is not a stand-alone fundamental view.

Feed sentiment is neutral or unscored; the thesis map below therefore relies more heavily on headline and summary content than on automated tone labels.

Primary headline

Stocks Slump on Iran War and Weakness in Chipmakers

Feed tone label: Neutral / not scored.

Symbols in focus

CDE · CDE · CDE

Publication

NASDAQ Stock Market.

https://www.nasdaq.com/articles/stocks-slump-iran-war-and-weakness-chipmakers

Merkapital proprietary research (public sample)

Revenue scenario

The following reflects consolidated revenue and segment mix assumptions recorded at the time this report was generated, benchmarked to the mapped segment disclosure and SEC-sourced consolidated revenue where applicable. Competitive positioning and filing references are provided for context only. These amounts represent hypothetical scenario inputs prepared in the research workflow and are not forecasts, targets, or projections of actual results.

Scenario consolidated revenue$2,070,126,000

Scenario basis: Forward analyst revenue estimate for the period ending December 31, 2027. Segment mix is benchmarked to the competitive map segment disclosure (FY 2025 (period end 2025-12-31)).

Change vs baseline+0.0%
Baseline (map)$2,070,126,000
SegmentMap %Thesis %
Gold Mining85.0%85.0%
Silver Mining10.0%10.0%
Other5.0%5.0%
Competitive position

challenger

Consolidated revenue (SEC)

$2.07B

Segment period

FY 2025 (period end 2025-12-31)

Segments (from map)

Gold Mining · Silver Mining · Other

Merkapital proprietary research (public sample)

Scenario Lab

Earnings and multiple assumptions from the Thesis Plan wizard (step 3), prior to the execution plan below.

Last close
$17.13
Consensus EPS (next FY, baseline)
Scenario EPS
Forward P/E (baseline)
Scenario forward P/E
Street-implied (baseline)
$27.65
Scenario implied fair value
$27.65
Analyst target
$27.65
Scenario vs spot
+61.4%

Frozen at Thesis Plan save; does not update with live quotes.

Merkapital proprietary research (public sample)

Valuation & Scenario Overlay

MetricValue
Last / model spot$17.13
Consensus analyst target (where available)$27.65
Scenario Lab implied price
Thesis upside anchor (options / R:R)$27.65
ATR-style volatility proxy (14d scale)$0.90
Annualized vol (model)52.3%
Risk per share (spot − stop)$1.35
Reward per share (anchor − spot)$10.52

Merkapital proprietary research (public sample)

Risk Management & Invalidation

Volatility-adjusted stop: consider closing or reducing if price ≤ $15.78 (entry − 1.5× ATR proxy using model volatility). Scenario upside anchor: $27.65. Educational workflow only — not advice.

Stop / downside anchor
$15.78
Risk : reward (per share)
7.76 : 1

Merkapital proprietary research (public sample)

Listed Options — Expression of View

Structures are algorithmically selected from available chains (bull call spread; ~6m and ~12m anchors). Quotes may be delayed; liquidity and execution assumptions not modeled here.

No valid bull call spread for ~6m / ~12m expirations (illiquid chain or R:R filter)

Merkapital proprietary research (public sample)

Investment Thesis Map

CDE Faces Mixed Market Sentiment Amid Metal Price Fluctuations

Constructive angles

Constructive

CDE could benefit from rising metal prices, particularly in silver.

CDE

The surge in metal prices can enhance CDE's revenue potential and profitability.

Mechanism: As demand for precious metals increases, CDE's operational leverage may lead to higher earnings.

Constructive

Coeur Mining's operational efficiency may position it well amidst industry volatility.

CDE

If CDE can maintain or improve its cost structure, it may outperform peers during downturns.

Mechanism: Improved margins can buffer against price declines in silver and gold.

Cautious / bearish angles

Cautious / short-bias

CDE may face headwinds from overall industry sentiment as silver stocks trend downward.

HL, SCCO

Negative sentiment in the silver sector could lead to selling pressure on CDE.

Mechanism: Investor flight from underperforming stocks can impact CDE's stock price despite its fundamentals.

Cautious / short-bias

Geopolitical tensions and broader market weakness may adversely affect CDE's stock.

CDE

Market instability can lead to reduced investment in mining stocks, including CDE.

Mechanism: Increased risk aversion may push investors away from equities in the precious metals sector.

Second-order effects

  • Increased volatility in precious metals could lead to greater trading opportunities for CDE.
  • A sustained downturn in silver prices may trigger cost-cutting measures within the company.

Risks & invalidation

  • A significant drop in metal prices could erode CDE's profitability.
  • Continued geopolitical instability could lead to broader market declines, impacting CDE's stock performance.

Suggested news monitors

CDE stock performance · Silver price trends · Coeur Mining news · Mining industry outlook

Important Disclosures

This document is generated by Merkapital's research tooling for informational and educational purposes only. It does not constitute investment advice, a solicitation, or a recommendation to buy or sell any security or derivative. Scenario outputs depend on user inputs and model assumptions; actual results may differ materially.

Options involve substantial risk and are not suitable for all investors. Past performance does not guarantee future results.

Merkapital proprietary research — public sample

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