<ul>
<li>想知道 Coeur Mining 在大幅上涨后是否仍然是一个便宜的投资，还是你已经错过了机会？这份分析将帮助你决定当前的股价是否合理，或者是否已经超出预期。</li>
<li>该股票飙升，过去一周上涨了 8.8%，过去一个月上涨了 10.4%，年初至今上涨了 178.2%，此外，过去一年上涨了 163.0%，三年上涨了 427.5%。</li>
<li>最近的走势与贵金属情绪的变化密切相关，投资者重新关注黄金和白银相关的股票。Coeur 也因其运营更新和战略举措而成为头条新闻，旨在将其定位为在更强的金属价格环境中更高质量、倾向于增长的生产商。</li>
<li>尽管股价上涨，Coeur Mining 的估值检查得分仅为 3/6。下面我们将探讨不同的估值方法对该股票的看法，然后最后看看如何超越简单模型来思考价值。</li>
</ul>
<p>Coeur Mining 在过去一年中实现了 163.0% 的回报。看看这与其他金属和矿业行业的表现相比如何。</p>
<h3>方法 1：Coeur Mining 折现现金流（DCF）分析</h3>
<p>折现现金流模型通过预测公司未来能够产生的现金流，并将这些现金流折现回今天的美元价值，来估算公司的价值。对于 Coeur Mining，2 阶段自由现金流到股权模型以过去 12 个月的自由现金流约 1.75 亿美元为起点，然后根据分析师的预测和长期外推进行构建。</p>
<p>分析师目前预计 Coeur 的自由现金流到 2029 年将上升至约 11.1 亿美元。中间路径包括预计在 2026 年至 2035 年之间自由现金流在 10 亿至 12 亿美元范围内，反映出随着资产的成熟和金属价格的支持，业务将显著扩展。Simply Wall St 将分析师的估计延长到通常的五年窗口之外，以创建完整的 10 年现金流曲线，然后将这些现金流折现回今天。</p>
<p>基于此，模型得出的内在价值约为每股 29.93 美元。与当前市场价格相比，这意味着 Coeur Mining 的交易价格大约有 42.4% 的折扣，暗示如果这些现金流假设准确，存在潜在的上涨空间。</p>
<p><strong>结果：被低估</strong></p>
<p>我们的折现现金流（DCF）分析表明 Coeur Mining 被低估了 42.4%。将其跟踪到你的观察列表或投资组合中，或发现基于现金流的 907 只被低估的股票。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/ca43dd6a-3e5a-4be6-8669-bdd0cb77b3f0/chart/dcf?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1706" height="760" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/ca43dd6a-3e5a-4be6-8669-bdd0cb77b3f0/chart/dcf"/></p>
<p>截至 2025 年 12 月的 CDE 折现现金流</p>
<p>前往我们公司报告的估值部分，了解我们如何得出 Coeur Mining 的公允价值的更多细节。</p>
<h3>方法 2：Coeur Mining 价格与收益</h3>
<p>对于一家产生正收益的公司，市盈率（PE）是判断市场价格相对于当前盈利能力是否合理的直接方式。一般来说，增长较快和风险较低的企业可以合理化更高的市盈率，而增长较慢或风险较高的公司则往往以较低的倍数交易。</p>
<p>Coeur Mining 当前的市盈率约为 27.1 倍，较广泛的金属和矿业行业平均水平约为 22.9 倍以及同行组的约 23.5 倍都要高。为了细化这种比较，Simply Wall St 使用一种专有的公允比率，估算在考虑其盈利增长前景、利润率、行业、市值和特定风险特征的情况下，Coeur 应该预期的市盈率。对于 Coeur，这个公允比率约为 26.3 倍。</p>
<p>由于公允比率是针对公司量身定制的，因此它提供了比简单的同行或行业平均值更细致的基准，这些平均值可能掩盖了增长和风险的重要差异。由于 Coeur 的实际市盈率仅略高于其公允比率，股价看起来与其基本面大致一致。</p>
<p><strong>结果：大致合理</strong></p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/ca43dd6a-3e5a-4be6-8669-bdd0cb77b3f0/chart/pe-multiple-vs-industry?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1640" height="650" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/ca43dd6a-3e5a-4be6-8669-bdd0cb77b3f0/chart/pe-multiple-vs-industry"/></p>
<p>截至 2025 年 12 月的 NYSE:CDE 市盈率</p>
<p>市盈率讲述了一个故事，但如果真正的机会在其他地方呢？发现 1448 家内部人士正在大举押注于爆炸性增长的公司。</p>
<h3>提升你的决策能力：选择你的 Coeur Mining 故事</h3>
<p>我们之前提到过，还有一种更好的方式来理解估值，因此让我们向你介绍叙事，这是一种简单的方法，通过将你对 Coeur Mining 未来收入、收益和利润率的看法与财务预测、公允价值估计和最终投资决策联系起来，来附加你自己的故事。</p>
<p>在 Simply Wall St 的社区页面上，叙事易于创建和比较，并且随着新消息或收益的到来而动态更新，因此你的公允价值始终基于最新信息，而不是静态模型。</p>
<p>一旦你有了叙事，你可以快速将其公允价值与今天的股价进行比较，以决定 Coeur 在你的投资组合中的表现如何，并且你可以看到你的观点与平台上其他人的观点如何比较，该平台被数百万投资者使用。</p>
<p>例如，一个乐观的 Coeur Mining 叙事可能侧重于强劲的银需求、利润率扩张和成功的勘探，以证明每股公允价值接近 21 美元，而一个更谨慎的叙事可能集中在运营和监管风险上，以支持接近 12 美元的公允价值，显示出不同的故事如何导致不同但明确量化的观点。</p>
<p>你认为 Coeur Mining 的故事还有更多内容吗？前往我们的社区看看其他人怎么说！</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/ca43dd6a-3e5a-4be6-8669-bdd0cb77b3f0/chart/quote-price?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1510" height="1044" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/ca43dd6a-3e5a-4be6-8669-bdd0cb77b3f0/chart/quote-price"/></p>
<p>NYSE:CDE 1 年股票价格走势图</p>
<p><em>这篇来自 Simply Wall St 的文章是一般性的。<strong>我们仅基于历史数据和分析师预测提供评论，采用无偏见的方法，我们的文章并不意图作为财务建议。</strong> 它不构成买卖任何股票的推荐，也未考虑您的目标或财务状况。我们的目标是为您提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>
<p>国防和灾难的移动基础设施</p>
<p>下一波机器人技术不是类人型的。它是完全自主的塔楼，在 30 分钟内提供 5G、ISR 和雷达，随时随地。</p>
<p>在下一轮合同之前获取投资者简报</p>
<p>由 CiTech 赞助</p>

科尔黛伦矿业

<p>科尔黛伦矿业的股票大幅上涨，受到对贵金属的积极情绪和战略运营更新的推动。尽管股价上涨，折现现金流分析显示该股票被低估了 42.4%，每股内在价值为 29.93 美元。市盈率表明股价与其基本面大致一致。投资者在评估该股票未来潜力时，建议考虑自身的叙述和财务预测</p>

<ul>
<li>Wondering if Coeur Mining is still a bargain after its big run, or if you are late to the party? This breakdown will help you decide whether the current share price makes sense or is getting ahead of itself.</li>
<li>The stock has rocketed, with shares up 8.8% over the last week, 10.4% over the past month, and 178.2% year to date, on top of a 163.0% gain over the last year and a 427.5% rise over three years.</li>
<li>Recent moves have been closely tied to shifting sentiment around precious metals, as investors rotate back into gold and silver exposed names. Coeur has also been in the headlines for operational updates and strategy moves that aim to position it as a higher quality, growth leaning producer in a stronger metals price environment.</li>
<li>Despite the rally, Coeur Mining only scores a 3/6 valuation check score. Below we walk through what different valuation methods say about the stock, then finish by looking at a way to think about value beyond simple models.</li>
</ul>
<div class="lb-trans"><ul>
<li>想知道 Coeur Mining 在大幅上涨后是否仍然是一个便宜的投资，还是你已经错过了机会？这份分析将帮助你决定当前的股价是否合理，或者是否已经超出预期。</li>
<li>该股票飙升，过去一周上涨了 8.8%，过去一个月上涨了 10.4%，年初至今上涨了 178.2%，此外，过去一年上涨了 163.0%，三年上涨了 427.5%。</li>
<li>最近的走势与贵金属情绪的变化密切相关，投资者重新关注黄金和白银相关的股票。Coeur 也因其运营更新和战略举措而成为头条新闻，旨在将其定位为在更强的金属价格环境中更高质量、倾向于增长的生产商。</li>
<li>尽管股价上涨，Coeur Mining 的估值检查得分仅为 3/6。下面我们将探讨不同的估值方法对该股票的看法，然后最后看看如何超越简单模型来思考价值。</li>
</ul>
</div><p>Coeur Mining delivered 163.0% returns over the last year. See how this stacks up to the rest of the Metals and Mining industry.</p>
<div class="lb-trans"><p>Coeur Mining 在过去一年中实现了 163.0% 的回报。看看这与其他金属和矿业行业的表现相比如何。</p>
</div><h3>Approach 1: Coeur Mining Discounted Cash Flow (DCF) Analysis</h3>
<div class="lb-trans"><h3>方法 1：Coeur Mining 折现现金流（DCF）分析</h3>
</div><p>A Discounted Cash Flow model estimates what a company is worth by projecting the cash it can generate in the future and then discounting those cash flows back to today in dollar terms. For Coeur Mining, the 2 Stage Free Cash Flow to Equity model starts with last twelve months Free Cash Flow of about $175.0 million and then builds forward using analyst forecasts and longer term extrapolations.</p>
<div class="lb-trans"><p>折现现金流模型通过预测公司未来能够产生的现金流，并将这些现金流折现回今天的美元价值，来估算公司的价值。对于 Coeur Mining，2 阶段自由现金流到股权模型以过去 12 个月的自由现金流约 1.75 亿美元为起点，然后根据分析师的预测和长期外推进行构建。</p>
</div><p>Analysts currently see Coeur’s Free Cash Flow rising toward roughly $1.11 billion by 2029. The interim path includes projected annual FCF in the $1.0 billion to $1.2 billion range between 2026 and 2035, reflecting expectations that the business will scale meaningfully as its assets mature and metals prices remain supportive. Simply Wall St extends analyst estimates beyond the usual five year window to create a full 10 year cash flow curve, and then discounts those cash flows back to today.</p>
<div class="lb-trans"><p>分析师目前预计 Coeur 的自由现金流到 2029 年将上升至约 11.1 亿美元。中间路径包括预计在 2026 年至 2035 年之间自由现金流在 10 亿至 12 亿美元范围内，反映出随着资产的成熟和金属价格的支持，业务将显著扩展。Simply Wall St 将分析师的估计延长到通常的五年窗口之外，以创建完整的 10 年现金流曲线，然后将这些现金流折现回今天。</p>
</div><p>On this basis, the model arrives at an intrinsic value of about $29.93 per share. Compared to the current market price, this implies Coeur Mining is trading at roughly a 42.4% discount, suggesting potential upside if these cash flow assumptions prove accurate.</p>
<div class="lb-trans"><p>基于此，模型得出的内在价值约为每股 29.93 美元。与当前市场价格相比，这意味着 Coeur Mining 的交易价格大约有 42.4% 的折扣，暗示如果这些现金流假设准确，存在潜在的上涨空间。</p>
</div><p><strong>Result: UNDERVALUED</strong></p>
<div class="lb-trans"><p><strong>结果：被低估</strong></p>
</div><p>Our Discounted Cash Flow (DCF) analysis suggests Coeur Mining is undervalued by 42.4%. Track this in your watchlist or portfolio, or discover 907 more undervalued stocks based on cash flows.</p>
<div class="lb-trans"><p>我们的折现现金流（DCF）分析表明 Coeur Mining 被低估了 42.4%。将其跟踪到你的观察列表或投资组合中，或发现基于现金流的 907 只被低估的股票。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/ca43dd6a-3e5a-4be6-8669-bdd0cb77b3f0/chart/dcf" alt="" original-src="https://images.simplywall.st/company/ca43dd6a-3e5a-4be6-8669-bdd0cb77b3f0/chart/dcf"/></p>
<p>CDE Discounted Cash Flow as at Dec 2025</p>
<div class="lb-trans"><p>截至 2025 年 12 月的 CDE 折现现金流</p>
</div><p>Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Coeur Mining.</p>
<div class="lb-trans"><p>前往我们公司报告的估值部分，了解我们如何得出 Coeur Mining 的公允价值的更多细节。</p>
</div><h3>Approach 2: Coeur Mining Price vs Earnings</h3>
<div class="lb-trans"><h3>方法 2：Coeur Mining 价格与收益</h3>
</div><p>For a company that is generating positive earnings, the price to earnings, or PE, ratio is a straightforward way to judge whether the market price looks reasonable relative to current profitability. In general, faster growing and lower risk businesses can justify a higher PE ratio, while slower growth or higher risk names tend to trade on lower multiples.</p>
<div class="lb-trans"><p>对于一家产生正收益的公司，市盈率（PE）是判断市场价格相对于当前盈利能力是否合理的直接方式。一般来说，增长较快和风险较低的企业可以合理化更高的市盈率，而增长较慢或风险较高的公司则往往以较低的倍数交易。</p>
</div><p>Coeur Mining currently trades on a PE of about 27.1x, which is a premium to both the broader Metals and Mining industry average of roughly 22.9x and the peer group at around 23.5x. To refine this comparison, Simply Wall St uses a proprietary Fair Ratio, which estimates what PE you would expect for Coeur, given its earnings growth outlook, margins, industry, market cap and specific risk profile. For Coeur, this Fair Ratio comes out at about 26.3x.</p>
<div class="lb-trans"><p>Coeur Mining 当前的市盈率约为 27.1 倍，较广泛的金属和矿业行业平均水平约为 22.9 倍以及同行组的约 23.5 倍都要高。为了细化这种比较，Simply Wall St 使用一种专有的公允比率，估算在考虑其盈利增长前景、利润率、行业、市值和特定风险特征的情况下，Coeur 应该预期的市盈率。对于 Coeur，这个公允比率约为 26.3 倍。</p>
</div><p>Because the Fair Ratio is tailored to the company, it offers a more nuanced benchmark than simple peer or industry averages, which can mask important differences in growth and risk. With Coeur’s actual PE only slightly above its Fair Ratio, the share price looks broadly aligned with what its fundamentals warrant.</p>
<div class="lb-trans"><p>由于公允比率是针对公司量身定制的，因此它提供了比简单的同行或行业平均值更细致的基准，这些平均值可能掩盖了增长和风险的重要差异。由于 Coeur 的实际市盈率仅略高于其公允比率，股价看起来与其基本面大致一致。</p>
</div><p><strong>Result: ABOUT RIGHT</strong></p>
<div class="lb-trans"><p><strong>结果：大致合理</strong></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/ca43dd6a-3e5a-4be6-8669-bdd0cb77b3f0/chart/pe-multiple-vs-industry" alt="" original-src="https://images.simplywall.st/company/ca43dd6a-3e5a-4be6-8669-bdd0cb77b3f0/chart/pe-multiple-vs-industry"/></p>
<p>NYSE:CDE PE Ratio as at Dec 2025</p>
<div class="lb-trans"><p>截至 2025 年 12 月的 NYSE:CDE 市盈率</p>
</div><p>PE ratios tell one story, but what if the real opportunity lies elsewhere? Discover 1448 companies where insiders are betting big on explosive growth.</p>
<div class="lb-trans"><p>市盈率讲述了一个故事，但如果真正的机会在其他地方呢？发现 1448 家内部人士正在大举押注于爆炸性增长的公司。</p>
</div><h3>Upgrade Your Decision Making: Choose your Coeur Mining Narrative</h3>
<div class="lb-trans"><h3>提升你的决策能力：选择你的 Coeur Mining 故事</h3>
</div><p>Earlier we mentioned that there is an even better way to understand valuation, so let us introduce you to Narratives, a simple way to attach your own story about Coeur Mining to the numbers by linking what you believe about its future revenue, earnings and margins to a financial forecast, a fair value estimate and, ultimately, an investment decision.</p>
<div class="lb-trans"><p>我们之前提到过，还有一种更好的方式来理解估值，因此让我们向你介绍叙事，这是一种简单的方法，通过将你对 Coeur Mining 未来收入、收益和利润率的看法与财务预测、公允价值估计和最终投资决策联系起来，来附加你自己的故事。</p>
</div><p>On Simply Wall St’s Community page, Narratives are easy to create and compare, and they update dynamically as new news or earnings arrive, so your fair value is always grounded in the latest information rather than a static model.</p>
<div class="lb-trans"><p>在 Simply Wall St 的社区页面上，叙事易于创建和比较，并且随着新消息或收益的到来而动态更新，因此你的公允价值始终基于最新信息，而不是静态模型。</p>
</div><p>Once you have a Narrative, you can quickly compare its Fair Value to today’s share price to decide how Coeur looks in your portfolio, and you can see how your view stacks up next to others on the platform, which is used by millions of investors.</p>
<div class="lb-trans"><p>一旦你有了叙事，你可以快速将其公允价值与今天的股价进行比较，以决定 Coeur 在你的投资组合中的表现如何，并且你可以看到你的观点与平台上其他人的观点如何比较，该平台被数百万投资者使用。</p>
</div><p>For example, one optimistic Coeur Mining Narrative might lean into strong silver demand, margin expansion and successful exploration to justify a fair value closer to $21 per share, while a more cautious Narrative could focus on operational and regulatory risks to support a fair value nearer $12, showing how different stories lead to different but clearly quantified views.</p>
<div class="lb-trans"><p>例如，一个乐观的 Coeur Mining 叙事可能侧重于强劲的银需求、利润率扩张和成功的勘探，以证明每股公允价值接近 21 美元，而一个更谨慎的叙事可能集中在运营和监管风险上，以支持接近 12 美元的公允价值，显示出不同的故事如何导致不同但明确量化的观点。</p>
</div><p>Do you think there's more to the story for Coeur Mining? Head over to our Community to see what others are saying!</p>
<div class="lb-trans"><p>你认为 Coeur Mining 的故事还有更多内容吗？前往我们的社区看看其他人怎么说！</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/ca43dd6a-3e5a-4be6-8669-bdd0cb77b3f0/chart/quote-price" alt="" original-src="https://images.simplywall.st/company/ca43dd6a-3e5a-4be6-8669-bdd0cb77b3f0/chart/quote-price"/></p>
<p>NYSE:CDE 1-Year Stock Price Chart</p>
<div class="lb-trans"><p>NYSE:CDE 1 年股票价格走势图</p>
</div><p><em>This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.</em></p>
<div class="lb-trans"><p><em>这篇来自 Simply Wall St 的文章是一般性的。<strong>我们仅基于历史数据和分析师预测提供评论，采用无偏见的方法，我们的文章并不意图作为财务建议。</strong> 它不构成买卖任何股票的推荐，也未考虑您的目标或财务状况。我们的目标是为您提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>
</div><p>Mobile Infrastructure for Defense and Disaster</p>
<div class="lb-trans"><p>国防和灾难的移动基础设施</p>
</div><p>The next wave in robotics isn't humanoid. Its fully autonomous towers delivering 5G, ISR, and radar in under 30 minutes, anywhere.</p>
<div class="lb-trans"><p>下一波机器人技术不是类人型的。它是完全自主的塔楼，在 30 分钟内提供 5G、ISR 和雷达，随时随地。</p>
</div><p>Get the investor briefing before the next round of contracts</p>
<div class="lb-trans"><p>在下一轮合同之前获取投资者简报</p>
</div><p>Sponsored On Behalf of CiTech</p>
<div class="lb-trans"><p>由 CiTech 赞助</p>
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科尔黛伦矿业 2025 年股价的飙升是否合理，是否由其现金流前景所支撑？