Coeur Mining, Inc. (CDE) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
Forensic Analysis · Materials / Mining & Chemicals · as of Sep 24, 2026
Coeur Mining, Inc. (CDE)
A forensic read on Coeur Mining, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Safe
Financial health
12.7
Distress distance
Watch
Earnings quality
3
Forensic signals
23.9
P / E (ttm)
17.7%
ROE
$19.9B
Market cap
0.22%
Dividend yield
96.4%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Coeur Mining, Inc. earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 12.7, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by accruals ratio (% of noa).
What the filings flag
+86.5%
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets grew +86.5% relative to their own average in FY2025 — scaled by NOA itself, not by total assets, which is what the Forensic Screens card's own accrual row divides by. Accruals are building sharply — a large slice of profit sits in operating assets, not cash. An accrual is a claim that still has to be collected or written down, so the gap resolves in a later period whichever way it goes. The build is led by receivables up +131% against revenue +96% and inventory up +108% against +96% in revenue. A cash-flow measure on the same base disagrees: reported earnings ran behind operating cash by 16% of net operating assets, against an accruals ratio of 86.5%. The two are computed differently: the accruals ratio is the change in net operating assets over average net operating assets, while the cash-flow figure is net income less operating cash flow over that same average. Read them as two results, not one.
+33.9%/yr
FY2023–FY2025
Share-count dilution.Diluted share count changed +79% over the last 2 years to FY2025 (+33.9%/yr). The count is growing: more stock was issued than repurchased over this window, so aggregate results grew faster than their per-share equivalents. That's ~33.9% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2023 has been diluted ~44%.
0.9% of rev
FY2025
Stock-based comp load.Stock-based compensation ran 0.9% of revenue and 3% of free cash flow in FY2025 — about $0.03 per diluted share. No cash left the business to pay it, which is why operating cash flow adds it back. Net of repurchases the diluted count still rose about 35.3% a year and that rate is not falling, so total profit has to grow by that much annually before any of it reaches a share. Stock compensation is one source of that issuance; acquisition consideration, equity raises, convertibles and other employee plans also net into the count, and these figures do not separate them.
Key fundamentals
Latest Revenue$2.07B
Revenue Growth YoY+96.4%
Revenue CAGR (2yr)+58.7%
Net Margin28.3%
Free Cash Flow$665.7M
Return on Equity17.7%
Debt / Equity0.01x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Coeur Mining, Inc.'s actual 10-K/10-Q/8-K filings?