Coeur Mining Corp
Revised Scenario (2025–2027, with $4,000 gold / $50 silver)
| Case | Assumptions | Revenue (est.) | FCF (est.) | Stock Potential |
|---|---|---|---|---|
| Bull (now baseline) | Gold $4,000+, Silver $50, steady ops, costs flat | $2.5–2.8B | $1.0–1.2B+ | Stock could 2–3× from here (i.e., $40–$60/share) |
| Base (pullback) | Gold $3,000–3,500, Silver $35–40 | $1.8–2.2B | $600–800M | Stock could +50–100% |
| Bear (deep correction) | Gold <$2,500, Silver <$25 | $1.0–1.4B | Break-even to $200M | Stock could retrace to –40–60% from current |
⚖️ Here’s a simplified list of the main institutional investors in Coeur Mining (CDE):
🏦 Biggest Holders
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Vanguard Group – about 10%
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BlackRock – about 9%
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Van Eck (GDXJ / gold miner funds) – about 6–7%
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State Street (SSGA) – about 3–4%
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Mirae Asset Global Investments – about 2–3%
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Dimensional Fund Advisors – about 2–3%
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Geode Capital (index manager for Fidelity funds) – about 2–3%
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Arrowstreet Capital – about 1–2%
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Sprott Inc. – about 1–2% (specialist in gold/silver)
✅ Key point: Roughly 70–75% of CDE is owned by institutions, with the big ETF managers (Vanguard, BlackRock, Van Eck) holding the largest stakes.
Investment Takeaway Under Current Prices
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CDE transforms from a mid-tier producer into a “cash-machine” with strong leverage to silver.
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The SilverCrest acquisition (Las Chispas) now looks prescient — it greatly increased CDE’s silver exposure right before an all-time-high rally.
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Compared to majors (Newmont, Agnico), CDE’s torque to silver is higher, so its upside is greater.
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Risk remains (prices could correct, mining hiccups, integration risk), but in a $4,000 gold / $50 silver environment, CDE should massively outperform.
