CDE vs. HMY

Last updated Apr 2, 2026

Compare and contrast key facts about Coeur Mining, Inc. (CDE) and Harmony Gold Mining Company Limited (HMY).

Performance

CDE vs. HMY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Coeur Mining, Inc. (CDE) and Harmony Gold Mining Company Limited (HMY). The values are adjusted to include any dividend payments, if applicable.

CDE vs. HMY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CDE Coeur Mining, Inc.	7.18%	211.71%	75.46%	-2.98%	-33.33%	-51.30%	28.09%	80.76%	-40.40%	-17.49%
HMY Harmony Gold Mining Company Limited	-18.79%	145.47%	35.39%	82.51%	-16.42%	-10.25%	28.93%	102.79%	-4.28%	-12.94%

Fundamentals

EPS CDE : $0.63 HMY : $41.64
PE Ratio CDE : 30.25 HMY : 0.39
PEG Ratio CDE : 0.26 HMY : 0.00
PS Ratio CDE : 7.27 HMY : 0.07
Total Revenue (TTM) CDE : $1.70B HMY : $150.28B
Gross Profit (TTM) CDE : $835.24M HMY : $57.55B
EBITDA (TTM) CDE : $695.36M HMY : $55.56B

Returns By Period

In the year-to-date period, CDE achieves a 7.18% return, which is significantly higher than HMY's -18.79% return. Over the past 10 years, CDE has underperformed HMY with an annualized return of 12.98%, while HMY has yielded a comparatively higher 17.04% annualized return.

CDE

• 1D: 1.81%
• 1M: -29.06%
• YTD: 7.18%
• 6M: 1.22%
• 1Y: 242.47%
• 3Y*: 68.56%
• 5Y*: 15.30%
• 10Y*: 12.98%

HMY

• 1D: 5.14%
• 1M: -28.31%
• YTD: -18.79%
• 6M: -11.93%
• 1Y: 8.38%
• 3Y*: 59.85%
• 5Y*: 28.84%
• 10Y*: 17.04%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CDE vs. HMY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CDE

CDE Risk / Return Rank: 94
CDE Sharpe Ratio Rank: 97
CDE Sortino Ratio Rank: 93
CDE Omega Ratio Rank: 92
CDE Calmar Ratio Rank: 94
CDE Martin Ratio Rank: 93

HMY

HMY Risk / Return Rank: 46
HMY Sharpe Ratio Rank: 44
HMY Sortino Ratio Rank: 45
HMY Omega Ratio Rank: 44
HMY Calmar Ratio Rank: 47
HMY Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CDE vs. HMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Coeur Mining, Inc. (CDE) and Harmony Gold Mining Company Limited (HMY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CDE	HMY	Difference
Sharpe ratio Return per unit of total volatility	3.29	0.13	+3.16
Sortino ratio Return per unit of downside risk	3.29	0.64	+2.65
Omega ratio Gain probability vs. loss probability	1.44	1.08	+0.36
Calmar ratio Return relative to maximum drawdown	5.51	0.22	+5.29
Martin ratio Return relative to average drawdown	13.42	0.57	+12.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CDE vs. HMY - Sharpe Ratio Comparison

The current CDE Sharpe Ratio is 3.29, which is higher than the HMY Sharpe Ratio of 0.13. The chart below compares the historical Sharpe Ratios of CDE and HMY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CDE	HMY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.29	0.13	+3.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	0.50	-0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.19	0.28	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	-0.10	0.05	-0.16

Correlation

The correlation between CDE and HMY is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CDE vs. HMY - Dividend Comparison

CDE has not paid dividends to shareholders, while HMY's dividend yield for the trailing twelve months is around 1.32%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CDE Coeur Mining, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HMY Harmony Gold Mining Company Limited	1.32%	1.07%	1.59%	0.66%	1.14%	2.23%	0.00%	0.00%	0.00%	3.13%	1.37%

Drawdowns

CDE vs. HMY - Drawdown Comparison

The maximum CDE drawdown since its inception was -99.40%, roughly equal to the maximum HMY drawdown of -97.04%. Use the drawdown chart below to compare losses from any high point for CDE and HMY.

Drawdown Indicators

	CDE	HMY	Difference
Max Drawdown Largest peak-to-trough decline	-99.40%	-97.04%	-2.36%
Max Drawdown (1Y) Largest decline over 1 year	-40.44%	-48.85%	+8.41%
Max Drawdown (5Y) Largest decline over 5 years	-81.79%	-63.78%	-18.01%
Max Drawdown (10Y) Largest decline over 10 years	-87.42%	-71.05%	-16.37%
Current Drawdown Current decline from peak	-93.38%	-37.94%	-55.44%
Average Drawdown Average peak-to-trough decline	-81.43%	-52.87%	-28.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.60%	19.09%	-2.49%

Volatility

CDE vs. HMY - Volatility Comparison

Coeur Mining, Inc. (CDE) and Harmony Gold Mining Company Limited (HMY) have volatilities of 23.93% and 23.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CDE	HMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.93%	23.03%	+0.90%
Volatility (6M) Calculated over the trailing 6-month period	58.45%	48.78%	+9.67%
Volatility (1Y) Calculated over the trailing 1-year period	74.59%	66.46%	+8.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.31%	58.21%	+10.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.94%	61.54%	+7.40%

Financials

CDE vs. HMY - Profitability Comparison

The chart below illustrates the profitability comparison between Coeur Mining, Inc. and Harmony Gold Mining Company Limited over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CDE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Coeur Mining, Inc. reported a gross profit of 305.83M and revenue of 554.57M. Therefore, the gross margin over that period was 55.2%.

HMY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Harmony Gold Mining Company Limited reported a gross profit of 20.53B and revenue of 46.57B. Therefore, the gross margin over that period was 44.1%.

CDE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Coeur Mining, Inc. reported an operating income of 177.09M and revenue of 554.57M, resulting in an operating margin of 31.9%.

HMY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Harmony Gold Mining Company Limited reported an operating income of 19.36B and revenue of 46.57B, resulting in an operating margin of 41.6%.

CDE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Coeur Mining, Inc. reported a net income of 266.82M and revenue of 554.57M, resulting in a net margin of 48.1%.

HMY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Harmony Gold Mining Company Limited reported a net income of 9.29B and revenue of 46.57B, resulting in a net margin of 19.9%.