Buying a position in Coeur d'Alene (CDE) on the NYSE at a price of $15.8 for a total of $5,000. Stop loss: $14.0
Coeur d'Alene (www.coeur.com) is one of the world's leading silver mining company. It is also a significant gold producer. It has mines in Bolivia, Mexico, Chile, Argentina, Alaska and Nevada.
CDE is trading below its book value of $24.82, has over $300 million in revenue and revenue growth last quarter of over 147% on a year-to-year basis.
I am betting on a continuation of the increase of silver and gold prices this year that would then benefit to Coeur d'Alene stock price.
No comments:
Post a Comment