10/25/2026 | Press release | Distributed by Public on 10/25/2026 06:48
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Coeur Mining (CDE) stock closed at $13.45 on October 23, 2026, down 30% from its close on September 25. The shares lost 8.3% in the single session of October 22. When a stock falls that far in four weeks, the reflex is to buy before it bounces, and this is not the first time Coeur has fallen this hard. So what did buyers of those earlier drops make a year later?
Coeur Buyers Made A Median 7% A Year Later
Coeur stock has dropped this far this fast 21 times since the start of 2010. Two of those drops, this one and one in November 2025, are less than a year old and too recent to judge. Of the remaining 19, 10 left the stock higher a year later. The median result over that year was a gain of 7.0%, and the results ran from a 62% loss to a 563% gain.
Along the way, the gains were often much larger. At its best within a year of each drop, the stock was a median 53.3% above its price on the day of the drop, and it took a median 204 days, about seven months, to get there. Buyers also sat through further falls. At its lowest close in the year after each drop, the stock was a median 34.0% below its price on the day of the drop.
| Time after a past dip | Past dips with that much time after them | Median CDE price change |
|---|---|---|
| 21 trading days | 20 | 2.0% |
| 63 trading days | 20 | 10.5% |
| 126 trading days | 20 | 4.0% |
| 252 trading days | 19 | 7.0% |
| Dip date | CDE price change over the 30 trading days to the dip date | SPY price change over the same days | CDE price change 252 trading days after the dip date | Highest price in those 252 trading days, against the dip-date price | Calendar days to that highest price | Lowest price in those 252 trading days, against the dip-date price |
|---|---|---|---|---|---|---|
| 2026-10-22 | -31.8% | 1.0% | window not complete | window not complete | window not complete | window not complete |
| 2025-11-19 | -30.0% | -2.0% | window not complete | window not complete | window not complete | window not complete |
| 2023-09-07 | -30.3% | -2.0% | 135.0% | 201.8% | 313 | -10.7% |
| 2023-05-25 | -32.7% | 0.0% | 89.0% | 100.3% | 361 | -32.6% |
| 2023-03-09 | -31.2% | -2.0% | 12.0% | 53.3% | 35 | -30.5% |
| 2022-07-18 | -33.3% | -8.0% | 19.0% | 56.0% | 269 | -7.7% |
| 2022-05-12 | -30.8% | -14.0% | 7.0% | 42.9% | 336 | -15.5% |
| 2021-12-29 | -30.5% | 3.0% | -28.0% | 11.7% | 21 | -46.2% |
| 2021-07-23 | -33.6% | 4.0% | -62.0% | 3.8% | 6 | -64.0% |
| 2020-02-27 | -32.5% | -9.0% | 102.0% | 150.3% | 340 | -42.5% |
| 2019-04-03 | -30.1% | 3.0% | -19.0% | 109.0% | 267 | -34.0% |
| 2018-11-29 | -32.2% | -2.0% | 67.0% | 72.7% | 356 | -28.6% |
| 2018-08-16 | -32.2% | 4.0% | -10.0% | 6.4% | 62 | -48.5% |
| 2017-03-02 | -30.2% | 5.0% | -2.0% | 23.2% | 47 | -15.4% |
| 2016-01-19 | -34.2% | -8.0% | 563.0% | 823.7% | 204 | 0% |
| 2015-07-24 | -30.2% | -1.0% | 238.0% | 266.2% | 360 | -54.7% |
| 2015-03-27 | -30.0% | -1.0% | 13.0% | 25.6% | 83 | -65.7% |
| 2014-09-23 | -30.4% | 3.0% | -52.0% | 25.1% | 139 | -53.5% |
| 2013-10-08 | -30.5% | 0.0% | -58.0% | 14.2% | 14 | -60.5% |
| 2012-05-15 | -31.3% | -6.0% | -21.0% | 90.8% | 170 | -21.4% |
| 2011-05-18 | -30.5% | 1.0% | -34.0% | 18.5% | 286 | -35.1% |
| Median of 19 complete windows | - | - | 7.0% | 53.3% | 204 | -34.0% |
Coeur Earns More, But Two New Mines Run Late
Coeur's business is far stronger today than it was a few years ago. Revenue reached $3.17 billion over the four quarters to June 30, 2026, up 117.3% from a year earlier. Its operating margin over those four quarters was 36.1%, against 27.8% a year before. Three years earlier, in the four quarters to June 2023, the company ran an operating loss. Cash of $1.05 billion at June 30 was more than its debt of $713 million. At 16.3 times its last twelve months of earnings, Coeur stock is priced below the S&P 500, at 22.9 times.
Two mines Coeur recently acquired drove much of the latest jump. Management said on the August 6 call that the record second quarter came in large part from the first full quarter of New Afton and Rainy River. Both are ramping up more slowly than planned. On the August 6 call, management said it expected New Afton to reach its target mining rate early in the fourth quarter, roughly three months later than the plan it started the year with. In August, the company also cut its 2026 gold production forecast by about 8% from its May forecast.
What Has To Go Right For Coeur Buyers?
A buyer of Coeur today has to believe that a business earning far more than it used to will pull this drop into the better half of a record in which losses were nearly as common as gains. That buyer also has to hold through further selling of the kind past buyers saw, while the two new mines catch up to plan. Coeur's third-quarter report, expected in November 2026, is the next chance to hear whether New Afton reached the target mining rate management expected early in the fourth quarter.
Your Advisor Retired? Get A Second Opinion Before You Settle
A fall like this makes Coeur Mining holders want to act, by buying more or by getting out. When the advisor who built your plan moves on, it is a natural moment to ask whether the plan still fits the life you have now. Our partner advisory firm offers a free review of your holdings, fees and income plan.
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