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Posted On: 05/05/2017 3:43:03 PM
Post# of 2218
$CDE Cheap Stocks to Buy: Couer Mining (CDE)
Stock Price: ~$10.50
Couer Mining Inc (NYSE:CDE) — previously Coeur d’Alene Mines — is a gold and silver miner, so obviously its fortunes will be tied to the performance of these precious metals.
The financials for CDE are just fine. While debt ($402 million) is more than cash ($223 million), it’s not wildly overleveraged. Besides, the company is cash-flow positive.
Amazingly, Coeur Mining sunk as low as $1.63 in early 2016 before reversing to current prices around $10. Between that and the fact the Federal Reserve has said it will raise interest rates multiple times this year — and interest-rate hikes are good for the U.S. dollar, which typically moves inversely to precious metals — investors think CDE could have a tough time this year.
Stock Price: ~$10.50
Couer Mining Inc (NYSE:CDE) — previously Coeur d’Alene Mines — is a gold and silver miner, so obviously its fortunes will be tied to the performance of these precious metals.
The financials for CDE are just fine. While debt ($402 million) is more than cash ($223 million), it’s not wildly overleveraged. Besides, the company is cash-flow positive.
Amazingly, Coeur Mining sunk as low as $1.63 in early 2016 before reversing to current prices around $10. Between that and the fact the Federal Reserve has said it will raise interest rates multiple times this year — and interest-rate hikes are good for the U.S. dollar, which typically moves inversely to precious metals — investors think CDE could have a tough time this year.
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