Wed, Jun 15, 2011 - 5:10pm
I took my eyes off the miners side of my portfolio and before I knew it, CDE was down 20%. Considering I bought this close to its high for a long hold I am not too shaken but seeing that much of a drop makes me a little uncertain..
I don't normally read or take Seeking Alpha seriously but they did post this recently:
Coeur d'Alene Mines Corporation (CDE) is trading at $23.80. CDE is a silver and precious metals company based in Idaho. These shares have a 52 week range of $14.02 and $37.59. The 50 day moving average is $28.68 and the 200 day moving average is $25.67. Earnings estimates for CDE are for a profit $3.11 per share in 2011, and profits of $3.33 per share in 2012.
Why Coeur d'Alene shares could rebound: These shares are oversold and look cheap around these levels. It makes sense to buy in stages, and see over time if these shares have truly bottomed out. Insiders recently bought shares around $26 per share. See that buying here.
The data is sourced from Yahoo Finance and Stockcharts.com. The information and data is believed to be accurate, but no guarantees or representations are made. Rougemont is not a registered investment advisor and does not provide specific investment advice. This information is solely educational in nature and not intended to serve as the basis for any investment decision.
What do you guys think?
Link to article:
Edited by: jaj64 on Nov 8, 2014 - 5:09am