Is Coeur Mining, Inc. overvalued or undervalued?

As of 28 November 2025, the valuation grade for Coeur Mining, Inc. has moved from very attractive to attractive, indicating a shift in its perceived value. The company appears to be overvalued, given its high P/E ratio of 44, which is significantly above the peer average of 27.25 for Royal Gold, Inc., and its EV to EBITDA ratio of 15.91, which also exceeds the industry benchmark. Additionally, the PEG ratio stands at a low 0.23, suggesting that despite the high P/E, growth expectations may not justify the current price.
In comparison to its peers, Coeur Mining, Inc. has a higher P/E ratio than Royal Gold, Inc. and Hecla Mining Co., which are valued at 27.25 and 61.32 respectively. The company's recent performance has been strong, with a year-to-date return of 201.92%, significantly outpacing the S&P 500's return of 16.45% over the same period. However, the long-term 10-year return of 141.88% compared to the S&P 500's 227.69% suggests that while Coeur Mining has had impressive short-term gains, it may struggle to maintain its valuation in the long run.