CDE vs DRD

Coeur Mining, Inc. vs DRDGOLD Limited — Valuation Comparison 2026

By CirclFi Research Team · Updated 2026-06-03 · Data from SEC EDGAR, FRED & GDELT

Quick Summary — DRD scores higher on quality with 9.9/10 vs CDE's 9.4/10. CDE trades at $19.19 while DRD trades at $25.88. Both analyzed daily using SEC EDGAR data across 13 institutional models.

CDE

Gold
Coeur Mining, Inc.
Quality
9.4
out of 10
Value Trap
11
SAFE
Price
$19.19
Last close
Models
13/13
Active
VS

DRD

Gold
DRDGOLD Limited
Quality
9.9
out of 10
Value Trap
6
SAFE
Price
$25.88
Last close
Models
13/13
Active
CDE
Quality Score 9.4/10 — top tier
Limited to 2/13 visible models
DRD
Quality Score 9.9/10 — top tier
Limited to 2/13 visible models

CDE vs DRD — Fair Value Comparison

CDE
$0$8$15$23 Price$19.19 Bayesian …$9.52 (-50.4%) Earnings …$6.05 (-68.5%)
DRD
$0$10$20$31 Price$25.88 Bayesian …$4.70 (-81.8%) Earnings …$19.64 (-24.1%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType CDE Fair ValueCDE Upside DRD Fair ValueDRD Upside
Bayesian DCF Intrinsic $9.52 -50.4% $4.70 -81.8%
Earnings Power Value Intrinsic $6.05 -68.5% $19.64 -24.1%
EROIC Spread Intrinsic $•••.•• ••.•% $•••.•• ••.•%
First Chicago Scenario $•••.•• ••.•% $•••.•• ••.•%
Markov DDM Intrinsic $•••.•• ••.•% $•••.•• ••.•%
ML-RIV Intrinsic $•••.•• ••.•% $•••.•• ••.•%
Dynamic NAV Asset-Based $•••.•• ••.•% $•••.•• ••.•%
PWERM Option-Based $•••.•• ••.•% $•••.•• ••.•%
Regime Cross-Sectional Relative $•••.•• ••.•% $•••.•• ••.•%
Sentiment SOTP Hybrid $•••.•• ••.•% $•••.•• ••.•%
CUCE Ensemble Ensemble $•••.•• ••.•% $•••.•• ••.•%
FTNN Topology Relative $•••.•• ••.•% $•••.•• ••.•%
RCMH-DCF Intrinsic $•••.•• ••.•% $•••.•• ••.•%

CDE vs DRD — Which Stock Is More Undervalued in 2026?

DRD scores higher with a 9.9/10 quality rating vs CDE's 9.4/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do CDE and DRD Valuations Compare?

At $19.19, CDE trades +50.4% above its Bayesian DCF fair value of $9.52, while DRD at $25.88 trades +81.8% above its estimate of $4.70. DRD shows a wider gap between price and intrinsic value.

Quality of Company: CDE vs DRD

CDE earns a Quality of Company score of 9.4/10 compared to DRD's 9.9/10. The scores are closely matched, indicating similar fundamental quality profiles. The QOC score synthesizes 32 signals spanning profitability margins, revenue growth, free cash flow, capital allocation, and leverage.

Value Trap Risk: CDE vs DRD

CDE carries a SAFE value trap risk (11/100) while DRD shows SAFE risk (6/100). Both companies show manageable value trap risk, suggesting their current valuations are not artificially depressed by fundamental deterioration.

Both in Gold

Both CDE and DRD operate in Gold, which has 50 stocks tracked by CirclFi. Same-industry comparisons provide the most direct insight into relative valuation since both companies face similar regulatory environments, market dynamics, and competitive pressures. Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN), and ensemble methods (CUCE).

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