Scotiabank Rates Coeur Mining (CDE) buy, $27.50 Price Target

Scotiabank's new price target suggests a strong upside for Coeur Mining shares.

By EarningsIQ Research Desk · Published Jun 12, 2026, 9:11 PM EDT · Updated Jun 17, 2026, 2:01 PM EDT

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Scotiabank rated Coeur Mining, Inc. ($CDE) "buy" with a $27.50 price target on June 12, 2026.

Since the rating, $CDE is up 1.6% after 1 week, down 9.4% after 1 month and down 10.1% to date (from the $17.20 close on Jun 12, 2026).

CDE Coeur Mining, Inc.

$15.47 -11.75% year to date

Daily close · Oct 16, 2026

Key Points

On June 12, 2026, Scotiabank raised its rating on Coeur Mining, Inc. (CDE) to a buy with a price target of $27.50.
Scotiabank's $27.50 price target implies 46.35% upside from Coeur Mining, Inc.'s ($CDE) current $18.79 share price.
Coeur Mining shares are currently trading at $18.79, leaving a substantial gap to the new target, which implies potential growth.
The company operates as a gold and silver producer and is headquartered in Chicago, Illinois.

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Scotiabank Upgrades Coeur Mining to Buy

On June 12, 2026, Scotiabank raised its rating on Coeur Mining, Inc. (CDE) to a buy and set a price target of $27.50. The stock was trading at $18.79 at the time of the announcement.

A Significant Gap to Target

This upgrade presents a notable gap between the current share price and the new target, suggesting significant upside potential for investors. The previous target was not available, but this new rating reflects a positive outlook for the company’s performance in the gold and silver market.

Analysts Set New Price Targets

Scotiabank has been active in its coverage of mining stocks recently. On August 8, 2026, the firm maintained a Sector Outperform rating for Coeur Mining with a target of $26.50, down from $28.50. Earlier, on July 14, 2026, they also maintained a Sector Outperform rating with a target of $28.50. These consistent ratings indicate a strong belief in the company’s potential despite fluctuations in target prices.

How Coeur Mining, Inc. Stock Has Traded

Coeur Mining shares are currently trading at $18.79. This price is significantly lower than the new target of $27.50, which suggests that investors may see the stock as undervalued. The shares have a 52-week low of $13.55 and a high of $27.77, showing that there is room for recovery and growth in the market.

12-month forecast

$CDE price target

Coeur Mining, Inc. daily closes and this analyst's $27.50 target. Not advice.

Recent Earnings

In its latest earnings report, Coeur Mining generated revenue of approximately $3.17 billion, with a net margin of about 26.8%. The company is scheduled to report its next earnings on October 28, 2026. This upcoming report will be crucial for assessing the company's performance and may influence future analyst ratings.

What Coeur Mining, Inc. Does

Coeur Mining, Inc. operates as a gold and silver producer in the United States, Canada, and Mexico. The company explores for various metals, including gold and silver, and sells its products under off-take agreements. With a solid operational foundation, the recent analyst upgrade may resonate well with investors looking for growth in the mining sector.

What’s Next for Coeur Mining

Investors will be watching the upcoming earnings report on October 28, 2026, to see how the company continues to perform. The recent upgrade from Scotiabank adds to the anticipation surrounding the stock, as it reflects optimism in the market for Coeur Mining’s future.