Canaccord Upgrades Coeur Mining (CDE) on Factors Driving Gold

Coeur Mining, Inc. (NYSE:CDE) is one of the top cheap stocks to buy with the biggest upside potential. On April 29, Canaccord upgraded Coeur Mining, Inc. (NYSE:CDE) to Buy from Hold, keeping the price target the same at $26. The firm upgraded three other names after raising its gold forecast, including Franco-Nevada, Gold Royalty, and Hecla Mining. It upped its 2026 gold price estimate to $4,758 per ounce from $4,401, with the firm telling investors in a research note that the factors driving gold remain in place, including unresolved trade and geopolitical tensions, supportive central bank policies, and an unsustainable U.S. debt trajectory.

Canaccord further stated that it leans “more defensive”, citing no clear end in sight for the Iran conflict and the risk of central banks tightening monetary policy into a “supply shock”. It believes gold producers have been improving margins and profitability as capital spending remains low.

In another development, Coeur Mining, Inc. (NYSE:CDE) announced on April 8 that it will report its fiscal Q1 2026 operational and financial results after the New York Stock Exchange closes for trading on Wednesday, May 6, 2026. The company further reported that it will host a conference call at 11:00 a.m. Eastern Time on Thursday, May 7, 2026.

Coeur Mining, Inc. (NYSE:CDE) is a well-diversified, growing precious metals producer that operates through the Palmarejo, Rochester, Kensington, Wharf, and Silvertip.

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