Coeur Mining (CDE) Shares Jump 8.77% on New Gold Acquisition Backing, Earnings Surge

Coeur Mining Inc. (CDE) shares surged to their highest level so far this month, climbing 6.50% intraday on Jan. 17. The stock has gained 8.77% over two days, extending a rally fueled by strategic developments and sector dynamics.

The stock’s ascent follows Coeur’s proposed acquisition of New Gold Inc., which has garnered institutional backing and highlighted potential operational synergies. Institutional Shareholder Services recommended New Gold shareholders approve the deal, citing enhanced balance sheet strength and cost savings. Coeur shareholders are set to vote on the merger on Jan. 27, with approval critical to the transaction’s completion.

Operational and financial momentum has bolstered investor confidence. Coeur’s third-quarter 2025 net income rose to $266.82 million, reversing 2024’s weaker performance. The company reduced liabilities by $228 million through the first nine months of 2025, while silver prices near $90 per troy ounce have amplified profit margins. Analysts project fourth-quarter revenue to double to $668.70 million, with earnings per share expected to jump 118% to $0.24. The stock’s low PEG ratio of 0.28 underscores its undervaluation relative to growth prospects.