Is Coeur Mining, Inc. overvalued or undervalued?

As of 7 May 2025, Coeur Mining, Inc. has moved from an expensive to a fair valuation grade. The company is currently fairly valued based on its financial metrics. It has a P/E ratio of 44, a Price to Book Value of 2.18, and an EV to EBITDA of 15.91. Comparatively, Gatos Silver, Inc. has a P/E of 29.51, while Caledonia Mining Corp. Plc shows a much lower P/E of 10.86, indicating that Coeur Mining is trading at a premium relative to some peers.
Coeur Mining's PEG ratio stands at an attractive 0.23, suggesting potential growth relative to its valuation. The company's ROCE is 7.71% and ROE is 5.01%, which are reasonable figures in the context of the mining industry. Notably, Coeur Mining has outperformed the S&P 500 with a year-to-date return of 58.39% compared to the index's 2.44%, reinforcing the notion that the stock is positioned well in the current market environment.