Author presents a bullish call-option thesis on Coeur Mining, citing undervaluation, a pending NGD merger, production growth, and a near-term $23 target.
Unpriced research observations (excluded from Calls and Returns):
CDE — LONG The author argues Coeur Mining is significantly undervalued at $20.50 versus a VectorVest valuation of $32.50, and expects the stock to hit $23 within the next couple of weeks. The pending merger with NGD would expand production to roughly 900,000 ounces of gold and 20,000,000 ounces of silver, supporting growth into Q1/Q2 2026. The call options are a directional bet whose returns are expected to track the underlying CDE share price; the main stated risk is that the move depends on silver holding strong. ambiguous_option_contract
CDE made explosive moves today, crushing resistance. I can easily see this hitting $23 within the next couple of weeks, especially if silver holds strong.