Coeur Mining, Inc. CDE

Competitive advantage analysis · basic-materials

Corporate Default
Overall moat score
58/100
Moderate

About Coeur Mining, Inc.

Coeur Mining, Inc. operates as a gold and silver producer in the United States, Canada, and Mexico. The company operates through Palmarejo, Rochester, Kensington, Wharf, Silvertip, and Las Chispas segments. It explores for gold, silver, zinc, lead, and other related metals. It markets and sells its concentrates to third-party customers, including refiners and smelters, under off-take agreements. The company was … Full CDE analysis →

Competitive advantage assessment

Key strengths

  • ROIC Sustainably Above Peers ROIC at 66.0th percentile exceeds peers and WACC, demonstrating superior capital allocation.
  • Consistent Cash Generation Cash generation is strong and consistent (score 0.75).

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Moderate
51

Where CDE ranks in Gold

Coeur Mining, Inc. ranks #18 of 49 scored companies in Gold by moat score — the top 37%. The widest moat in the group is Agnico Eagle Mines Limited (AEM) at 78/100.

Moat scores for companies ranked near CDE in Gold
# Company Moat score Rating
14 Harmony Gold Mining Company Lim HMY 62/100 Moderate
15 Fortuna Mining Corp. FSM 60/100 Moderate
16 Centerra Gold Inc. CGAU 60/100 Moderate
17 Caledonia Mining Corporation Pl CMCL 60/100 Moderate
18 Coeur Mining, Inc. CDE 58/100 Moderate
19 Pan American Silver Corp. PAAS 58/100 Moderate
20 B2Gold Corp BTG 57/100 Moderate
21 Eldorado Gold Corporation EGO 57/100 Moderate
22 Iamgold Corporation IAG 56/100 Moderate

See every Commodities & Mining company ranked by moat score →

How CDE scores on the Corporate Default defenses

Pricing Power

Score 51 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 63 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 63 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 64 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 58 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 52 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding CDE's moat

What is Coeur Mining, Inc.'s moat score?

Coeur Mining, Inc. (CDE) scores 58 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #18 of 49 scored companies in Gold, the top 37%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 48 companies in Gold. Its strongest defense is Capital Efficiency (64/100) and its weakest is Pricing Power (51/100).

How does Coeur Mining, Inc. compare with other Gold companies?

Coeur Mining, Inc. ranks #18 of 49 scored companies in Gold by moat score. The widest moat in Gold is Agnico Eagle Mines Limited (AEM) at 78/100. The companies ranked closest are Caledonia Mining Corporation Pl (CMCL) at 60 just above it and Pan American Silver Corp. (PAAS) at 58 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 48 companies in Gold. The defenses are then weighted to produce the overall score out of 100.

Why is Coeur Mining, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Coeur Mining, Inc.?

The Corporate Default template measures 6 defenses, and CDE scores: Pricing Power (51), Cost Advantage (63), Customer Stickiness (63), Capital Efficiency (64), Resilience (58), Scale & Market Position (52). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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