Coeur Mining Surges 6.33% on Analyst Upgrades and Scandium Breakthrough – What’s Next for the Gold Miner?

Summary
• Coeur Mining (CDE) rockets 6.33% to $18.205, hitting a 2025 high of $18.54
• Analysts upgrade price targets (Roth to $23, Raymond James to $21) amid bullish sentiment
• Scandium recovery breakthrough at the Hat Project adds speculative upside
• Merging with New Gold positions CDE as a North American senior precious metals producer

Coeur Mining’s explosive 6.33% intraday rally has outpaced the broader gold sector, driven by a confluence of analyst upgrades, a strategic merger, and a metallurgical breakthrough at the Hat Project. The stock’s surge to $18.205—its highest since October 2025—reflects both sector tailwinds and speculative fervor. With gold prices near record highs and scandium demand projected to surge, CDE’s move signals a pivotal moment for the miner.

Analyst Upgrades and Scandium Breakthrough Ignite CDE
Coeur Mining’s 6.33% surge is fueled by a dual catalyst: analyst upgrades and a breakthrough in scandium recovery. Roth Capital raised its price target to $23, while Raymond James set a $21 target, reflecting confidence in CDE’s exploration potential and operational efficiency. Simultaneously, the Hat Project’s 82% scandium recovery from copper flotation tailings repositions CDE as a beneficiary of U.S. critical minerals policy. This innovation, combined with the merger with New Gold, creates a strategic tailwind for the stock, attracting both institutional and speculative capital.

Gold Sector Soars as CDE Outpaces Peers
The gold sector, led by the GOLD ETF (up 2.23%), is surging on inflation-driven rate-cut expectations and geopolitical safe-haven demand. Coeur Mining’s 6.33% gain far outpaces the sector average, reflecting its dual exposure to gold and emerging scandium markets. While peers like Hecla Mining (HL) and Freeport-McMoRan (FCX) benefit from gold’s rally, CDE’s metallurgical innovation and North American footprint position it as a speculative play on both precious metals and critical minerals.

Bullish Options and ETFs for a Gold Sector Breakout
• MACD: 0.262 (bullish), Signal Line: 0.077, Histogram: 0.185 (positive divergence)
• RSI: 48.59 (neutral), Bollinger Bands: 18.29 (upper), 16.15 (middle), 14.01 (lower)
• 200D MA: 11.54 (well below current price), 30D MA: 15.71 (support)

Coeur Mining’s technicals suggest a continuation of its bullish momentum. The stock is trading above its 200-day average and approaching the upper Bollinger Band, with MACD divergence indicating potential for a breakout. Two options stand out for aggressive positioning:

• CDE20251226C18 (Call, $18 strike, 2025-12-26):
- IV: 57.11% (moderate), Leverage Ratio: 22.65%, Delta: 0.609 (moderate sensitivity), Theta: -0.0906 (high time decay), Gamma: 0.2475 (high sensitivity to price changes), Turnover: 2,415
- This call offers a 22.65% leverage ratio and high gamma, ideal for capitalizing on a short-term breakout. A 5% upside to $19.00 would yield a payoff of $1.00/share.

• CDE20251226C18.5 (Call, $18.50 strike, 2025-12-26):
- IV: 63.19% (moderate), Leverage Ratio: 29.59%, Delta: 0.4866 (moderate sensitivity), Theta: -0.0855 (high time decay), Gamma: 0.2323 (high sensitivity), Turnover: 1,944
- With a 29.59% leverage ratio and strong gamma, this contract is well-suited for a continuation of the current rally. A 5% upside would generate a $0.50/share payoff.

Action Insight: Aggressive bulls should consider CDE20251226C18 into a test of the $18.23 intraday high. If the stock breaks above $18.50, CDE20251226C18.5 offers amplified exposure to a potential 52-week high challenge.

Backtest Coeur Mining Stock Performance
The backtest of the CDE's performance after an intraday surge of at least 6% from 2022 to the present shows favorable results. The 3-Day win rate is 53.27%, the 10-Day win rate is 55.51%, and the 30-Day win rate is 56.73%, indicating a higher probability of positive returns in the short term. The maximum return during the backtest was 12.11%, which occurred on day 59, suggesting that there is potential for significant gains following the 6% surge.

Coeur Mining at a Pivotal Crossroads: Act Now on Gold and Scandium Momentum
Coeur Mining’s 6.33% surge reflects a perfect storm of gold sector strength and speculative excitement over its scandium byproduct. With the stock approaching its 52-week high of $23.61 and options like CDE20251226C18 offering high leverage, the near-term outlook is bullish. Investors should monitor the $18.23 intraday high as a key resistance level and watch for confirmation of a breakout. The gold sector leader GOLD’s 2.23% gain underscores the broader trend, but CDE’s unique positioning in both precious and critical minerals makes it a compelling play. Act now: Target CDE20251226C18 if $18.23 is cleared, or consider a bull call spread to manage risk while capitalizing on the rally.