Coeur Mining (CDE) shares surge 7.52% on Q2 earnings beat, SilverCrest acquisition, and bull market demand.

Coeur Mining (CDE) shares surged to a 52-week high of $18.87 on September 29, 2025, marking a 3.96% intraday gain and a 7.52% rally over three consecutive sessions. The stock’s momentum reflects strong investor confidence amid a confluence of operational and strategic catalysts.

Second-quarter earnings underscored the company’s resilience, with a $0.20 per share profit outpacing estimates and reversing a $0.01 loss in the prior-year period. Revenue surged 116.5% year-over-year to $480.65 million, driven by robust demand for precious metals and operational efficiency. The quarter also saw $146 million in free cash flow, signaling improved liquidity and shareholder value potential.

Analyst sentiment reinforced the stock’s appeal. Roth Capital and BMO Capital upgraded price targets to $13.00 and $12.00, respectively, while National Bank Financial issued a “strong-buy” rating. Institutional investors, including Vanguard and Tidal Investments LLC, bolstered holdings, with the latter increasing its stake by 55.3% in Q2. These moves highlight confidence in CDE’s strategic expansion, including the $1.7 billion acquisition of SilverCrest Metals, which expanded its silver portfolio in Mexico.

Exploration successes at key assets further fueled optimism. High-grade gold mineralization at Alaska’s Kensington mine and promising silver potential at Mexico’s Las Chispas project reinforced CDE’s long-term production outlook. Meanwhile, a conservative debt-to-equity ratio of 0.12 and proactive debt repayment efforts underscored financial discipline, aligning with BMO Capital’s “outperform” rating.

Market dynamics also played a role. A broader bull market for gold and silver, driven by inflationary pressures and geopolitical risks, positioned CDE as a top-tier miner. The stock’s elevated valuation, with a P/E of 51.13, is justified by analysts citing its growth trajectory and sector momentum. However, insider sales, including transactions by the CFO and board member, introduced cautious scrutiny, though institutional optimism and a $183.7 million share repurchase program signaled management’s confidence in the stock’s intrinsic value.