Coeur Mining (CDE) is trading higher as the market prices in an accelerated “return of capital” story following the New Gold transaction close. The company laid out a shareholder-returns framework that includes an expanded $750 million share repurchase program and an inaugural $0.02 per share semiannual dividend policy, with the first payment expected in the second quarter of 2026.

The buyback-and-dividend package reframes Coeur from a “build and de-lever” miner into a cash-return story, particularly after its balance-sheet strengthening and expanded operating footprint. Alongside the capital-return plan, Coeur also outlined an updated financial policy and liquidity actions (including a new revolving credit facility), which investors often interpret as management signaling confidence in forward free-cash-flow durability through the integration period.

Recent analyst activity has also kept attention on CDE, with multiple firms updating views and price targets in late March and early April as the post-deal outlook and mine-life discussion filtered into models. Separately, reported short interest fell sharply into the latest reporting period, reducing the overhang from bearish positioning and potentially amplifying upside follow-through on positive catalysts.