Coeur Mining, Inc. (CDE): fair value, margin of safety and Wheel Score

Is CDE undervalued?

At 15.41 (close of 16 Oct 2026), CDE trades 27% under the GLS average fair value of 20.99. 4 of the 8 models that produced a value land above the price. A discount of this size counts as a positive margin of safety in every GLS screen; whether it is enough depends on the rest of the picture - the health score, the moat and the option premium below.

The 8 models disagree widely: DDM gives 0.2943 while GLS Growth gives 50.58. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.

The nightly engine files CDE under High Growth: revenue and earnings growing fast enough that the growth-based models carry the valuation.

Nine valuation models for CDE

Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.

Quality and financial health

Financial health is average - CDE passes 5 of the nine Piotroski tests, which falls one point short of the Sunday Scan's "6 or more" rule. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is low at 4.7 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.

Returns on capital are high - ROIC 15.9%, ROE 17.7%, ROA 12.5% - with debt at 0.11 times equity and a free-cash-flow yield of 7.3%.

The dividend yield is 0.13% with a payout ratio of 2% - a small yield that leaves most of the earnings in the business. Revenue comes mainly from Gold 68%, Product, Silver 32% (quarter Q2 FY2026).

Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.

Wheel Score 81: Prime

CDE scores 81 out of 100 on the Wheel Score, in the Prime band (80 and above), which fewer than one stock in twenty reaches on any night. The score blends five things a wheel trader checks before selling a cash-secured put: the margin of safety (Value, 24/25), Piotroski health (11/20), the GLS moat (7/15), the option premium on offer (19/20) and how easily the stock trades (19/20).

Implied volatility is 62% on the near-the-money contracts 20-60 days out - above the 60% ceiling of the sweet spot. Premiums are large, but the Wheel Score tapers the Premium points (19 of 20) because volatility this high usually comes with a reason. The option chain is deep: 497,716 contracts of open interest across all expiries, which means tight fills at most strikes.

Volume runs at 27.4M shares a day on a market cap of $15.9B, with a beta of 1.37 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 19 of 20.

The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.

Upcoming events

The next earnings report is due on 4 Nov 2026 (after the close), 19 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.

Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.

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