Coeur Mining Stock: Big Investors Are Loading Up in 2026 – Here’s Why

• Why Are Hedge Funds Betting Millions on This Silver Stock?
• From Debt Disaster to Cash Flow Machine
• The $7 Billion Game-Changer
• Silver’s Perfect Storm
• Analyst Consensus: Running Room Remains
• FAQ: Your Coeur Mining Questions Answered

Institutional heavyweights like Goldman Sachs and Arrowstreet Capital are doubling down on Coeur Mining (NYSE: CDE) as the silver-gold producer gears up for a transformative merger with New Gold. With debt slashed from 7x to 0.1x and Q3 2025 revenue soaring 77%, Coeur is poised to capitalize on a structural silver deficit and AI-driven industrial demand. Analysts see 25% upside to $25/share. The make-or-break moment? Shareholders vote on the $7B acquisition January 27, 2026.

Why Are Hedge Funds Betting Millions on This Silver Stock?

SEC filings reveal an institutional feeding frenzy for Coeur Mining shares. Arrowstreet Capital increased its position by 200% to 10M+ shares, while Goldman Sachs added 18% to its stake. Tidal Investments and Moody Aldrich Partners joined the party with seven-figure purchases. Collectively, institutions now own 63% of outstanding shares – a clear vote of confidence. "When smart money piles into a miner like this, they're seeing something retail might miss," notes BTCC analyst Mark Jensen. "The New Gold merger creates a top-tier precious metals play."

From Debt Disaster to Cash Flow Machine

Coeur's operational turnaround reads like a corporate redemption arc. Q3 2025 saw free cash Flow hit $189M as net leverage plummeted from 7x to 0.1x since 2023. The Rochester Mine expansion (now running at full tilt) makes Coeur America's largest primary silver producer – perfectly timed as solar panel and AI data center demand drains global silver inventories. "Their balance sheet repair is textbook," says TD Securities' mining team, which recently upgraded CDE to Buy with a $24 target.

The $7 Billion Game-Changer

All roads lead to January 27, 2026 – D-Day for the New Gold acquisition. The merger WOULD create a gold-silver behemoth targeting 1.25M ounces annual production and $3B EBITDA. MarketWatch reports the combined entity could rival First Majestic in scale. "Synergies from shared Nevada infrastructure alone could boost margins 15%," estimates Roth Capital. The deal values New Gold at a 12% premium to its 30-day average, funded through 60% stock and 40% cash.

Silver’s Perfect Storm

While Gold grabs headlines, Coeur’s silver exposure might be its secret weapon. The 5-year supply deficit (currently 132M ounces annually) coincides with:
• Solar panel demand (+23% YoY per TradingView data)
• AI server component needs (each GPU uses 1g silver)
• Declining Mexican mine output (-8% in 2025)
Coeur’s Rochester expansion came online just as spot silver broke $28/oz – a 14-month high.

Analyst Consensus: Running Room Remains

Despite the 190% 12-month rally to $17.55, 78% of covering analysts maintain Buy ratings. The bull case rests on:
1. Merger approval (75% probability per Bloomberg surveys)
2. Silver sustaining $25+ through 2026
3. Debt-free status post-deal closure
The bear argument? A failed vote could send shares back to $12 support. "This is binary event risk," warns Jensen. "But the upside skew is compelling."

FAQ: Your Coeur Mining Questions Answered

When is the New Gold shareholder vote?

January 27, 2026. Approval requires 50%+1 of votes cast by both companies' shareholders.

What’s Coeur’s production outlook post-merger?

Combined guidance calls for 850K oz gold + 400K oz silver annually by 2027 (1.25M oz AuEq).

How exposed is Coeur to silver prices?

Rochester Mine contributes 60% of EBITDA at current prices. Every $1 silver move = $28M annualized cash FLOW impact.