Why Coeur Mining Stock Popped Today

Coeur is turning into a free cash flow monster -- so long as gold prices stay high.An investor could get dizzy tracking the meanderings of Coeur Mining (CDE +7.02%) stock. Up strongly last week and into Monday this week, this gold miner (Coeur also mines silver, zinc, and lead) saw its stock slip on Tuesday, bounce on Wednesday, stumble into Thursday -- and today, it's up 7.1% through 11:45 a.m. ET. Image source: Getty Images. Gold and silver prices rise At least we know why it's up today: because the price of gold is up! After hitting an all-time high of $5,419.80 per ounce on Jan. 28, gold prices tumbled to almost $4,500 in early February, according to data from TradingEconomics.com. Gold moved back above the $5,000 threshold last week, slipped below it yesterday, and is back above $5,000 today -- $5,015 per ounce, to be precise. The story on silver is similar. Silver prices peaked Jan. 28 at $116.58 per ounce. Silver prices fell to $66, then bounced back above $80, only to fall nearly 10% yesterday. At last report, silver is up a modest 0.7% today, and approaching $78. It makes sense that with gold and silver up today, Coeur Mining stock is up, too. ExpandNYSE: CDECoeur MiningToday's Change(7.02%) $1.47Current Price$22.41Key Data PointsMarket Cap$13BDay's Range$21.10 - $22.5552wk Range$4.58 - $27.77Volume987KAvg Vol22MGross Margin31.80% Is Coeur Mining stock a buy? What's next for Coeur stock? Potentially, another leg higher. Yesterday, analysts at RBC Capital raised Coeur's price target to $26, citing the company's acquisition of New Gold and "high near-term free cash flow." Coeur's already generating strong FCF by the way -- nearly $370 million over the last 12 months, backing up 90% of Coeur's reported $409 million in net earnings. And analysts polled by S&P Global Market Intelligence think Coeur could do more than $2.3 billion in FCF this year, pushing its price-to-free cash flow ratio below 6.0. Sounds pretty cheap to me.Read NextFeb 9, 2026 •By Rich SmithWhy Coeur Mining Stock Bounced Back TodayFeb 5, 2026 •By Rich SmithWhy Coeur Mining Stock Keeps FallingSep 22, 2023 •By Steve SymingtonWhy Coeur Mining Stock Soared TodayJul 14, 2023 •By Scott LevineWhy Shares of New Gold, Fortuna Silver Mines, and Coeur Mining Are Soaring This WeekOct 3, 2022 •By Scott LevineWhy Shares of New Gold, Endeavour Silver, and Coeur Mining Are Soaring TodaySep 19, 2022 •By Scott LevineWhy Shares of Coeur Mining Are Soaring TodayAbout the AuthorRich Smith is a contributing Motley Fool defense and stock market analyst covering publicly traded and emerging companies in defense, space, aerospace, and other sectors. Prior to The Motley Fool, Rich practiced international corporate law for Clifford Chance in Russia, and for the Russian-Ukrainian Legal Group in Moscow, Kyiv, and Washington, D.C. He holds a bachelor’s degree in international relations from the College of William & Mary, a law degree from the University of Baltimore, and a language certification from the International Institute of Russian Language & Culture in Tver, Russian Federation. The Globe and Mail once featured him as “one of the best stock pickers since 2009.”TMFDittyX@RichSmithFoolStocks MentionedCoeur MiningNYSE: CDE$22.41 (+7.02%) $+1.47*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.