Value
7.6/10data confidence 100%| Component | Sub-score |
|---|---|
| P/E | 7.9 |
| P/S | 6.2 |
| EV/EBITDA | 5.0 |
| Fwd P/E | 9.4 |
| PEG | 10.0 |
| Analyst target | 6.0 |
- ▸Forward P/E: 9.0x
- ▸PEG: 0.02
- ▸Attractively valued
CDE · Why this verdict
Why Coeur Mining (CDE) is rated HOLD
Updated
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security. Our sole compensation is subscription revenue.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
VerdictHOLD
Overall score6.7/10
ConfidenceMEDIUM
MacroNEUTRAL
TrendMatrix Research · core thesis
Engine thesis — one sentence
Revenue growth of 138% year-over-year, operating margins of 31%, and a forward multiple of 9.0x at a PEG of 0.02 present a compelling combination of growth and value with roughly 27% upside to the analyst price target and a favorable risk/reward of approximately 3.9-to-1; the principal risk is a debt-to-equity ratio of 7.4 that amplifies any earnings shortfall, and an elevated put/call ratio of 1.58 signals hedging activity worth monitoring.
Falsifiable statement — pillar-level invalidators below. Engine-derived; not personalized advice.
Thesis pillars
| Pillar | Expectation | Trend |
|---|---|---|
Revenue grew 138% year-over-year, making this the growth leader within its industry peer group; even at a fraction of that rate, the current valuation provides meaningful room for upside as the market prices in a higher earnings trajectory. Growth breakdown | Revenue growth stays above 30% year-over-year for 2 consecutive quarters, confirming the inflection is durable rather than a one-period event. | ↓Deteriorating |
| CounterTriple-digit revenue growth is nearly always non-recurring; the base period likely contained a trough of operational or production weakness, and growth rates will compress materially as comparisons normalize, potentially disappointing a market that extrapolates the current pace. | ||
A forward price-to-earnings multiple of 9.0x and a PEG of 0.02 indicate the market is pricing in minimal optimism, while the analyst consensus implies roughly 46% upside from current levels — a spread that suggests significant undervaluation if the earnings trajectory is maintained. Valuation breakdown | The stock reaches within 10% of the analyst consensus target within 12 months, or the consensus target is revised upward as earnings continue to beat or match expectations. | ↓Deteriorating |
| CounterA heavily leveraged balance sheet at 7.4 times debt-to-equity means a single quarter of earnings weakness could prompt material analyst target downgrades and erode the apparent upside quickly; the cheap multiple may reflect that leverage risk rather than a genuine valuation gap. | ||
Operating margins of 31%, a Piotroski F-Score of 8 out of 9, and strong return metrics across the asset base indicate a business generating real profitability on its revenue, lending credibility to the high growth figure and supporting the quality of reported earnings. Quality breakdown | Operating margin stays above 20% and Piotroski F-Score remains at 7 or above over the next 12 months. | →Stable |
| CounterFree cash flow at only 64% of net income raises the question of whether reported earnings overstate true cash generation; if capital requirements rise to sustain the growth rate, margins and free cash flow could compress simultaneously, making the quality profile less durable than the current score suggests. | ||
A debt-to-equity ratio of 7.4 is the primary structural risk in this setup; at that leverage level, a modest decline in revenue or cash flow can disproportionately impair equity value and limit the company's ability to finance its growth ambitions. Bear case | Debt-to-equity ratio falls below 4.0 within 12 months as operating cash generation reduces outstanding obligations. | ↓Deteriorating |
| CounterStrong revenue growth and 31% operating margins suggest the company is generating significant cash to service its debt; if growth continues, de-leveraging may occur organically faster than the current balance sheet implies, reducing this risk materially. | ||
The stock is pulling back while the 200-day moving average is still rising at roughly 6.4% per month and on-balance volume continues to accumulate, suggesting the current weakness is a pause within a broader uptrend rather than confirmed trend deterioration. Momentum breakdown | Price returns above the 200-day moving average within 2 quarters and momentum score rises above 7.0. | →Stable |
| CounterA gap up of roughly 8% followed by a retreat below the 200-day moving average increases the probability of continued near-term weakness, and an elevated put/call ratio of 1.58 signals that options participants are hedging for additional downside before any recovery; the gap may need to fully fill before buyers regain control. | ||
Revenue grew 138% year-over-year, making this the growth leader within its industry peer group; even at a fraction of that rate, the current valuation provides meaningful room for upside as the market prices in a higher earnings trajectory.
↓DeterioratingGrowth breakdown
- Expectation
- Revenue growth stays above 30% year-over-year for 2 consecutive quarters, confirming the inflection is durable rather than a one-period event.
CounterTriple-digit revenue growth is nearly always non-recurring; the base period likely contained a trough of operational or production weakness, and growth rates will compress materially as comparisons normalize, potentially disappointing a market that extrapolates the current pace.
A forward price-to-earnings multiple of 9.0x and a PEG of 0.02 indicate the market is pricing in minimal optimism, while the analyst consensus implies roughly 46% upside from current levels — a spread that suggests significant undervaluation if the earnings trajectory is maintained.
↓DeterioratingValuation breakdown
- Expectation
- The stock reaches within 10% of the analyst consensus target within 12 months, or the consensus target is revised upward as earnings continue to beat or match expectations.
CounterA heavily leveraged balance sheet at 7.4 times debt-to-equity means a single quarter of earnings weakness could prompt material analyst target downgrades and erode the apparent upside quickly; the cheap multiple may reflect that leverage risk rather than a genuine valuation gap.
Operating margins of 31%, a Piotroski F-Score of 8 out of 9, and strong return metrics across the asset base indicate a business generating real profitability on its revenue, lending credibility to the high growth figure and supporting the quality of reported earnings.
→StableQuality breakdown
- Expectation
- Operating margin stays above 20% and Piotroski F-Score remains at 7 or above over the next 12 months.
CounterFree cash flow at only 64% of net income raises the question of whether reported earnings overstate true cash generation; if capital requirements rise to sustain the growth rate, margins and free cash flow could compress simultaneously, making the quality profile less durable than the current score suggests.
A debt-to-equity ratio of 7.4 is the primary structural risk in this setup; at that leverage level, a modest decline in revenue or cash flow can disproportionately impair equity value and limit the company's ability to finance its growth ambitions.
↓DeterioratingBear case
- Expectation
- Debt-to-equity ratio falls below 4.0 within 12 months as operating cash generation reduces outstanding obligations.
CounterStrong revenue growth and 31% operating margins suggest the company is generating significant cash to service its debt; if growth continues, de-leveraging may occur organically faster than the current balance sheet implies, reducing this risk materially.
The stock is pulling back while the 200-day moving average is still rising at roughly 6.4% per month and on-balance volume continues to accumulate, suggesting the current weakness is a pause within a broader uptrend rather than confirmed trend deterioration.
→StableMomentum breakdown
- Expectation
- Price returns above the 200-day moving average within 2 quarters and momentum score rises above 7.0.
CounterA gap up of roughly 8% followed by a retreat below the 200-day moving average increases the probability of continued near-term weakness, and an elevated put/call ratio of 1.58 signals that options participants are hedging for additional downside before any recovery; the gap may need to fully fill before buyers regain control.
Per-dimension breakdown
Quality
7.7/10data confidence 100%| Component | Sub-score |
|---|---|
| ROE | 4.3 |
| ROA | 4.8 |
| Gross margin | 7.3 |
| Op margin | 8.1 |
| Net margin | 10.0 |
| Current ratio | 9.3 |
| FCF quality | 6.7 |
| Moat | 8.4 |
| Piotroski F | 10.0 |
- ▸Strong margins: 27%
- ▸Wide economic moat
- ▸Compounder quality: strong returns + growth
- ▸Strong Piotroski F-Score: 9/9
Growth
6.8/10data confidence 67%| Component | Sub-score |
|---|---|
| Rev growth | 10.0 |
| EPS growth | 3.5 |
- ▸Strong growth: 126% YoY
Momentum
7.6/10data confidence 100%| Component | Sub-score |
|---|---|
| RSI | 5.0 |
| MACD | 10.0 |
| OBV | 10.0 |
| MA position | 8.0 |
| Volume | 4.8 |
- ▸Volume accumulation (rising OBV)
- ▸Above 200-MA but MA slope flat
Sentiment
7.3/10data confidence 100%| Component | Sub-score |
|---|---|
| LLM sentiment | 7.0 |
| Analyst rating | 7.0 |
| Price target | 8.1 |
- ▸LLM news sentiment: +0.41 (n=5)
- ▸Analyst upside: 24%
Insider
7.3/10data confidence 75%| Component | Sub-score |
|---|---|
| materiality | 5.0 |
| holder change | 10.0 |
| notable moves | 7.0 |
- ▸Negligible insider selling — $714,637 (0.004% of mkt cap)
- ▸Institutions accumulating
Peer rank
5.6/10data confidence 80%| Component | Sub-score |
|---|---|
| value rank | 3.5 |
| quality rank | 3.3 |
| growth rank | 9.4 |
- ▸Industry growth leader
Technical
2.3/10data confidence 100%| Component | Sub-score |
|---|---|
| bollinger | 0.0 |
| support resistance | 0.7 |
| 52w position | 3.6 |
| gap | 5.0 |
Risk (lower is worse)
5.8/10data confidence 100%| Component | Sub-score |
|---|---|
| short interest | 7.2 |
| days to cover | 8.9 |
| volatility | 0.0 |
| put call | 9.6 |
| implied vol | 0.0 |
| beta | 5.6 |
| debt equity | 9.7 |
| news risk | 5.5 |
- ▸High IV: 85%
Catalyst
4.3/10data confidence 100%| Component | Sub-score |
|---|---|
| erm | 5.0 |
| earnings history | 1.1 |
| earnings timing | 5.0 |
| surprise avg | 0.0 |
| dividend safety | 6.8 |
| news activity | 8.0 |
- ▸Earnings concerns: 1B/2M
How the verdict was assembled
Engine trigger
Wide-moat business. Accumulate on weakness. | News modifier -1 (STRONG_BUY_WAIT → HOLD_IF_HOLDING).
Engine technical detail
verdict_path:
L4:PATH_E_WIDE_MOAT|L3:NEWS_MOD=-1Passed (8)
- MOMENTUM:7.6>=5.5
- INSIDER:OK
- DEATH_CROSS:QUALITY_MOMENTUM_EXEMPT
- 8K:CLEAN
- NEWS_EVENTS:NONE_RECENT
- EARNINGS_PROXIMITY:77d clear
- SEMI_CYCLE_PEAK:CLEAR
- MATERIALS_CYCLE_PEAK:CLEAR
Failed (1)
- ASYMMETRY:0.5<1.5@spot
Warning (1)
- DEATH_CROSS:quality=7.7>=7.5+momentum=7.6>=5.0 exempted
Reward-to-Risk
0.53
Upside
+7.9%
Downside
15.0%
Sizing output
AVOID
SetupMomentum Cont — Trend continuation, RSI 68, MACD bullish
EdgeNo clear edge — No clear edge identified
SuitabilityAggressive — Beta 1.34>1.3
Investment implication
The HOLD_IF_HOLDING verdict reflects the ASYMMETRY gate's 0.5<1.5@spot outcome against Quality at 7.7 and asymmetric R:R of 0.53.
The strongest dimensions are Quality at 7.7, Value at 7.6, and Momentum at 7.6; the weakest are Technical at 2.3, Catalyst at 4.3, and Peer rank at 5.6. The V9 engine flagged 1 failed gate with 1 warning, producing an asymmetric reward-to-risk of 0.53 and an engine sizing output of AVOID.
What would invalidate the thesis
Falsifying conditions — when triggered, the corresponding pillar's thesis is invalidated.
- P1Exceptional Revenue Growth Inflection
Trip ifRevenue growth falls below 30% year-over-year for 2 consecutive quarters.
- P2Valuation And Analyst Upside
Trip ifAnalyst consensus price target falls below $18.66 (current price level), eliminating implied upside.
- P3Margin Quality And Financial Health
Trip ifOperating margin compresses below 20% for 2 consecutive quarters.
- P4Leverage Amplifies Downside Risk
Trip ifDebt-to-equity ratio falls below 4.0 for 2 consecutive reporting periods, confirming de-leveraging is underway.
- P5Pullback Within Rising Trend
Trip ifPrice closes below the 200-day moving average for 4 consecutive weeks while the 200-day MA slope turns negative.