Coeur Mining (CDE) Surges 10.52% on Acquisition Spark and Bullish Technicals – What’s Next?

Summary
• Coeur Mining (CDE) rockets 10.52% intraday, trading at $17.6501 with a 52-week high of $23.62.
• Intraday range spans $16.02 to $17.73, with turnover hitting 12.9 million shares.
• New Gold (NGD) surges 9.26% amid acquisition speculation, signaling sector-wide optimism.

Coeur Mining’s explosive move on December 11, 2025, has ignited investor frenzy, driven by a rumored acquisition of New Gold and a surge in gold prices. The stock’s 10.52% gain—its largest intraday jump in months—reflects a confluence of strategic M&A activity, favorable technical indicators, and a broader commodities rally. With the gold sector in focus, traders are now dissecting whether this momentum is sustainable or a fleeting spike.

Coeur Mining’s Acquisition of New Gold Ignites Sector Optimism
Coeur Mining’s 10.52% surge is directly tied to its rumored acquisition of New Gold (NGD), which has already driven the latter’s stock up 9.26%. The deal, if finalized, would consolidate Coeur’s position in North American gold and silver mining, unlocking synergies in exploration and production. Analysts at TD Securities upgraded NGD to ‘Buy’ with a $12 price target, citing the acquisition’s potential to enhance operational efficiency and market share. Additionally, gold prices hitting $4,277/oz—a 1.22% daily gain—have amplified demand for mining equities, as lower interest rates reduce the cost of holding non-yielding assets like gold. Coeur’s technicals, including a 52-week high and a bullish RSI of 59, further validate the move.

Gold Sector Rally Gains Momentum as Coeur Mining Acquisition Drives New Gold’s Surge
The gold sector is experiencing a coordinated rally, with Coeur Mining (CDE) and New Gold (NGD) leading the charge. While CDE’s 10.52% gain is the most dramatic, peers like Hecla Mining (HL) and Agnico Eagle (AEM) have also posted double-digit gains this week. The sector’s strength is underpinned by the Federal Reserve’s dovish pivot, which has pushed gold to record highs and reduced the discount rate on mining stocks. New Gold’s 9.26% jump, driven by the acquisition speculation, highlights how M&A activity can catalyze sector-wide momentum. Coeur’s strategic move to acquire New Gold is not just a stock-specific event but a signal of broader consolidation in the gold space.

Options Playbook: Leveraging CDE’s Bullish Breakout with High-Leverage Calls
• 200-day average: $15.1655 (below current price) • RSI: 58.98 (bullish momentum) • MACD: -0.1055 (negative but signal line at -0.2517 suggests divergence) • Bollinger Bands: Upper at $17.38, Middle at $15.47, Lower at $13.55 (price near upper band)

Coeur Mining’s technicals suggest a continuation of its bullish trend, with key resistance at $17.38 and support at $15.47. The RSI’s 59 reading indicates strong momentum, while the MACD’s negative value hints at potential exhaustion in the near term. Traders should monitor the 200-day average ($15.1655) as a critical support level. For options, two contracts stand out:

• CDE20251219C17.5 (Call, $17.5 strike, 12/19 expiry):
- IV: 75.97% (high volatility)
- Leverage ratio: 19.57% (high)
- Delta: 0.548 (moderate sensitivity)
- Theta: -0.086379 (rapid time decay)
- Gamma: 0.188527 (high sensitivity to price changes)
- Turnover: 158,216 (liquid)
- Payoff at 5% upside: $0.88 (max(0, 18.53 - 17.5))
- This call offers aggressive leverage for a 5% price move, ideal for short-term traders betting on a breakout above $17.50.

• CDE20251219C18.5 (Call, $18.5 strike, 12/19 expiry):
- IV: 74.82% (high)
- Leverage ratio: 36.69% (very high)
- Delta: 0.362 (moderate sensitivity)
- Theta: -0.070171 (moderate decay)
- Gamma: 0.181233 (high sensitivity)
- Turnover: 7,990 (liquid)
- Payoff at 5% upside: $0.88 (max(0, 18.53 - 18.5))
- This contract provides even higher leverage for a smaller price move, suitable for traders expecting a sharp rally to $18.50.

Action Insight: Aggressive bulls should prioritize CDE20251219C17.5 for a breakout play, while CDE20251219C18.5 offers high-reward potential if Coeur clears $18.50. Both contracts benefit from high gamma and liquidity, making them ideal for short-term directional bets.

Backtest Coeur Mining Stock Performance
The backtest of CDE's performance after a 11% intraday surge from 2022 to now shows favorable results. The 3-Day win rate is 53.28%, the 10-Day win rate is 55.53%, and the 30-Day win rate is 56.76%, indicating a higher probability of positive returns in the short term. The maximum return during the backtest was 12.02%, which occurred on day 59, suggesting that there is potential for gains even after the initial surge.

Bullish Momentum Unlikely to Subside – Position for CDE’s Next Move
Coeur Mining’s 10.52% surge is a clear signal of renewed investor confidence, driven by the acquisition of New Gold and a broader commodities rally. Technical indicators like the RSI and Bollinger Bands suggest the stock is poised to test its 52-week high of $23.62, though a pullback to $15.47 could test near-term resolve. The options market is pricing in significant volatility, with high-leverage calls like CDE20251219C17.5 and CDE20251219C18.5 offering asymmetric upside. Meanwhile, sector leader Newmont (NEM) has gained 5.31%, reinforcing the gold sector’s strength. Watch for a breakout above $17.38 or a breakdown below $15.47 to confirm the next directional move.