ARMN vs MUX vs HL vs CDE vs PAAS

For growth investors, Coeur Mining, Inc.

(CDE) is the stronger pick with 96. 4% revenue growth year-over-year, versus 13. 2% for McEwen Mining Inc. (MUX). Coeur Mining, Inc. (CDE) offers the better valuation at 20. 6x trailing P/E (9. 4x forward), making it the more compelling value choice. Analysts rate Aris Mining Corporation (ARMN) a "Buy" — based on 1 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, Coeur Mining, Inc.

(CDE) is the cheapest at 20. 6x versus Aris Mining Corporation at 46. 9x. On forward P/E, Aris Mining Corporation is actually cheaper at 8. 4x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Coeur Mining, Inc. wins at 0. 18x versus Pan American Silver Corp. 's 0. 48x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.

Over the past 5 years, Aris Mining Corporation (ARMN) delivered a total return of +820.

9%, compared to +77. 8% for Pan American Silver Corp. (PAAS). Over 10 years, the gap is even starker: ARMN returned +824. 8% versus MUX's +3. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Aris Mining Corporation (ARMN) is the lower-risk stock at 0.

55β versus Coeur Mining, Inc. 's 1. 89β — meaning CDE is approximately 243% more volatile than ARMN relative to the S&P 500. On balance sheet safety, McEwen Mining Inc. (MUX) carries a lower debt/equity ratio of 0% versus 36% for Aris Mining Corporation — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Coeur Mining, Inc.

(CDE) is pulling ahead at 96. 4% versus 13. 2% for McEwen Mining Inc. (MUX). On earnings-per-share growth, the picture is similar: Hecla Mining Company grew EPS 765. 7% year-over-year, compared to 168. 6% for McEwen Mining Inc.. Over a 3-year CAGR, CDE leads at 38. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

Coeur Mining, Inc.

(CDE) is the more profitable company, earning 28. 3% net margin versus 8. 4% for Aris Mining Corporation — meaning it keeps 28. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ARMN leads at 38. 5% versus -6. 5% for MUX. At the gross margin level — before operating expenses — ARMN leads at 49. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, Coeur Mining, Inc. (CDE) is the more undervalued stock at a PEG of 0. 18x versus Pan American Silver Corp. 's 0. 48x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Aris Mining Corporation (ARMN) trades at 8. 4x forward P/E versus 21. 0x for McEwen Mining Inc. — 12. 6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CDE: 46. 6% to $27. 20.

In this comparison, PAAS (0.

8% yield) pays a dividend. ARMN, MUX, HL, CDE do not pay a meaningful dividend and should not be held primarily for income.

For long-horizon retirement investors, Aris Mining Corporation (ARMN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.

55), +824. 8% 10Y return). Coeur Mining, Inc. (CDE) carries a higher beta of 1. 89 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (ARMN: +824. 8%, CDE: +156. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Basic Materials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: ARMN is a small-cap high-growth stock; MUX is a small-cap quality compounder stock; HL is a mid-cap high-growth stock; CDE is a mid-cap high-growth stock; PAAS is a mid-cap high-growth stock. PAAS pays a dividend while ARMN, MUX, HL, CDE do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.