CDE vs HL vs PAAS Stock Comparison

Coeur Mining, Hecla Mining and Pan American Silver Prices as of Oct 23, 2026 Peers: Industry group
CDE Coeur Mining, Inc.
$13.47 -30.3% 1M -29.0% 1Y
Market cap
$14.03B
P/E
16.5x
Revenue (TTM)
$3.17B
Div. yield
–
Silver Basic Materials
5 wins
HL Hecla Mining Co/De/
$13.85 -24.2% 1M +7.1% 1Y
Market cap
$9.38B
P/E
28.1x
Revenue (TTM)
$1.60B
Div. yield
–
Silver Basic Materials
2 wins

Head to Head

11 decided of 12

Coeur Mining leads on 5 of the 12 questions below (Coeur Mining 5, Pan American Silver 4, Hecla Mining 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCDEHLPAASLeader
Larger companyMarket capitalisation $14.03B $9.38B $15.38B PAAS
Cheaper on earningsLower P/E, profitable companies only 16.5x 28.1x 49.6x CDE
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.5x 21.3x 12.9x CDE
Faster revenue growthRevenue growth, trailing twelve months +117.3% +74.4% +2.3% CDE
More profitableNet margin, trailing twelve months 26.8% 20.8% 9.7% CDE
Better return on capitalReturn on invested capital 5.9% 19.9% 0.0% HL
Less leveragedLower net debt / EBITDA -0.2x -0.5x -4.4x PAAS
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -29.0% +7.1% +10.8% PAAS
Better 5-year returnAnnualised price return, 5 years +14.9%/yr +18.9%/yr +9.0%/yr HL
Less volatileAnnualised volatility, 1 year 72.2% 71.1% 58.0% PAAS
Higher overall scoreMean of the five percentile scores vs peers 77/100 74/100 67/100 CDE

Percentile Scorecard

CDEHLPAAS

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCDEHLPAAS
Valuation 81 #31 of 162 61 #64 of 162 57 #70 of 162
Growth 99 #3 of 147 98 #4 of 147 73 #40 of 147
Profitability 76 #30 of 122 93 #10 of 122 52 #59 of 122
Financial Health 72 #47 of 166 88 #21 of 166 85 #26 of 166
Shareholder Returns 59 #45 of 107 32 #73 of 107 70 #33 of 107
Overall 77 74 67
  • CDE ranked among 176 companies in Metals and Mining
  • HL ranked among 176 companies in Metals and Mining
  • PAAS ranked among 176 companies in Metals and Mining

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCDEHLPAASSPY
1 month -30.3%-24.2%-16.6% -1.0%
3 months -11.0%-8.5%-8.9% +2.9%
6 months -30.2%-26.3%-28.3% +6.4%
Year to date -24.5%-27.8%-22.6% +11.4%
1 year -29.0%+7.1%+10.8% +13.1%
3 years +426.2%+231.3%+163.1% +79.4%
3 years, per year +74.0%+49.1%+38.1% +21.5%
5 years +100.1%+137.2%+54.1% +67.7%
5 years, per year +14.9%+18.9%+9.0% +10.9%
10 years +20.6%+134.3%+137.7% +255.2%
10 years, per year +1.9%+8.9%+9.0% +13.5%

Risk

MeasureCDEHLPAASSPY
Volatility, 1Y 72.2%71.1%58.0% 12.7%
Downside volatility, 1Y 72.6%70.1%60.2% 12.7%
Beta vs S&P 500, 1Y 3.002.572.01 1.00
Return / volatility, 1Y -0.400.100.19 1.03
Max drawdown, 5Y -72.0%-56.5%-59.2% -25.4%
From 52-week high -50.4%-56.5%-41.6% -2.5%
52-week high $27.15$31.81$68.70 $779.14
52-week low $13.47$11.97$33.20 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCDEHLPAAS
P/E now vs peer median 16.3xmedian 12.7x 27.9xmedian 12.7x 49.4xmedian 12.7x
P/S now vs peer median 4.4xmedian 3.1x 5.8xmedian 3.1x 5.3xmedian 3.1x
EV/EBITDA now vs peer median 8.6xmedian 6.9x 9.7xmedian 6.9x 43.2xmedian 6.9x
P/FCF now vs peer median 12.0xmedian 15.1x 19.2xmedian 15.1x 15.1xmedian 15.1x
P/B now vs peer median 1.0xmedian 2.1x 3.5xmedian 2.1x 2.3xmedian 2.1x
PEG now vs peer median 0.19median 0.27 0.27median 0.27 1.12median 0.27

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCDEHLPAAS
Revenue $3.17B $1.60B $3.19B
Gross profit $2.50B – $882.07M
Operating income $1.07B $737.49M $1.90M
Net income $850.41M $333.98M $930.65M
Free cash flow $1.16B $483.99M $1.12B
R&D – $30.73M –
EPS (diluted) $0.82 $0.49 $0.81
Cash & equivalents $1.05B $483.48M $1.57B
Total debt $705.29M $803.22M $3.00M
Shares (diluted) 1.03B 675.89M 381.58M
Enterprise value $11.32B $7.85B $10.23B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCDEHLPAAS
P/E 16.3x 27.9x 49.4x
P/FCF 12.0x 19.2x 15.1x
P/Operating cash flow 9.4x 12.7x 15.1x
P/S 4.4x 5.8x 5.3x
P/B 1.0x 3.5x 2.3x
P/Tangible book 1.0x 3.5x 2.3x
EV/EBITDA 8.6x 9.7x 43.2x
EV/EBIT 12.6x 12.0x 8,078x
EV/Revenue 4.3x 5.5x 4.8x
EV/FCF 11.7x 18.2x 13.7x
EV/Operating cash flow 9.2x 12.0x 13.7x
PEG (3Y EPS CAGR) 0.19 0.27 1.12

Growth

14 metrics
MetricCDEHLPAAS
Revenue growth (1Y) 117.3% 74.4% 2.3%
Revenue CAGR (3Y) 61.2% 30.6% 22.3%
Gross profit growth (1Y) 296.7% – -0.3%
Gross profit CAGR (3Y) 176.2% – 104.0%
Operating income growth (1Y) 203.1% 344.3% 116.1%
Operating income CAGR (3Y) 52.2% 217.6% 127.1%
Net income growth (1Y) 346.0% 233.1% 123.6%
Net income CAGR (3Y) 146.7% 109.0% 75.4%
EPS growth (1Y) 177.3% 216.5% -57.1%
EPS CAGR (3Y) 83.6% 102.4% 44.1%
Operating cash flow growth (1Y) 226.3% 129.4% 74.4%
Operating cash flow CAGR (3Y) 373.7% 112.8% –
Free cash flow growth (1Y) 364.5% 293.4% 66.2%
Free cash flow CAGR (3Y) 73.8% 81.0% 56.4%

Profitability

14 metrics
MetricCDEHLPAAS
Gross margin 79.0% – 27.7%
EBITDA margin 49.6% 56.9% 11.1%
Operating margin 33.8% 46.0% 0.1%
Pretax margin 33.5% 43.4% 0.1%
Net margin 26.8% 20.8% 9.7%
FCF margin 36.5% 30.2% 35.1%
Operating cash flow margin 46.2% 45.8% 35.1%
Return on equity 3.0% 26.7% 0.0%
Return on assets 2.7% 21.4% 0.0%
Return on invested capital 5.9% 19.9% 0.0%
Return on capital employed 7.3% 23.5% 0.0%
Asset turnover 0.2x 0.5x 0.3x
Cash conversion (OCF / net income) 1.7x 2.2x 1.2x
Stock comp / revenue 0.9% 0.7% –

Financial Health

11 metrics
MetricCDEHLPAAS
Debt / assets 4.6% 0.2% 0.0%
Debt / equity 0.1x 0.0x 0.0x
Net debt / EBITDA -0.2x -0.5x -4.4x
Debt / FCF 0.6x 0.0x 0.0x
Liabilities / assets 9.9% 15.9% 27.5%
Equity / assets 90.1% 84.1% 72.5%
Interest coverage – 27.3x 21.3x
Current ratio 3.7x 5.2x 14.1x
Quick ratio 2.3x 5.0x 2.5x
Cash ratio 2.2x 3.3x 2.2x
Altman Z-score 5.86 12.46 5.04

Shareholder Returns

7 metrics
MetricCDEHLPAAS
Dividend yield 0.1% 0.0% 1.7%
Net buyback yield 0.3% -0.4% -1.5%
Shareholder yield 0.4% -0.4% 0.2%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCDEHLPAAS
Forward P/E 12.5xFY2026 21.3xFY2026 12.9xFY2026
EPS, next fiscal year $1.08FY2026 $0.65FY2026 $3.11FY2026
EPS growth, next FY +35.0%FY2026 +47.7%FY2026 +22.9%FY2026
EPS growth, the year after +50.0% +38.5% +37.3%
Revenue, next fiscal year $5.00BFY2026 $1.49BFY2026 $4.45BFY2026
Revenue growth, next FY +141.8%FY2026 +5.1%FY2026 +23.3%FY2026
Revenue growth, the year after +16.2% -7.2% +12.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCDEHLPAAS
Held by institutions 76.7% 72.1% 56.5%
Institutions holding 678 584 584
Change in shares held, QoQ +2.7% +0.4% -1.0%
Institutions buying 397 313 268
Institutions selling 192 187 199
Buyers to sellers 2.07 1.67 1.35

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CDEHLPAAS
CDE 1.00 0.87 0.85
HL 0.87 1.00 0.85
PAAS 0.85 0.85 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CDE, HL and PAAS?

Pan American Silver (PAAS) is the largest by market capitalisation: Coeur Mining (CDE) $14.03B, Hecla Mining (HL) $9.38B, Pan American Silver (PAAS) $15.38B.

Which stock is cheaper, CDE, HL and PAAS?

Coeur Mining (CDE) trades on the lowest price-to-earnings ratio (Coeur Mining (CDE) 16.5x, Hecla Mining (HL) 28.1x, Pan American Silver (PAAS) 49.6x). On next year's consensus earnings, Coeur Mining (CDE) is cheapest (Coeur Mining (CDE) 12.5x, Hecla Mining (HL) 21.3x, Pan American Silver (PAAS) 12.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Coeur Mining (CDE) grew revenue fastest over the trailing twelve months: Coeur Mining (CDE) +117.3%, Hecla Mining (HL) +74.4%, Pan American Silver (PAAS) +2.3%.

Which company is more profitable?

Coeur Mining (CDE) has the highest net margin (Coeur Mining (CDE) 26.8%, Hecla Mining (HL) 20.8%, Pan American Silver (PAAS) 9.7%). On return on invested capital, Hecla Mining (HL) leads (Coeur Mining (CDE) 5.9%, Hecla Mining (HL) 19.9%, Pan American Silver (PAAS) 0.0%).

Which stock has performed better?

Over the past year Pan American Silver (PAAS) returned the most: Coeur Mining (CDE) -29.0%, Hecla Mining (HL) +7.1%, Pan American Silver (PAAS) +10.8%. Over five years, Hecla Mining (HL) compounded fastest (Coeur Mining (CDE) +14.9%/yr, Hecla Mining (HL) +18.9%/yr, Pan American Silver (PAAS) +9.0%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Pan American Silver (PAAS) has been the steadiest (Coeur Mining (CDE) 72.2%, Hecla Mining (HL) 71.1%, Pan American Silver (PAAS) 58.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CDE, HL and PAAS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Coeur Mining (CDE) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.