This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

7 Mining Stocks to Watch

3. Coeur d'Alene Mines (CDE - Get Report) is a primary silver producer with gold production and has assets located in the U.S., Mexico, Bolivia, Argentina and Australia. Through its subsidiaries, it is involved in the operation and ownership, development and exploration of silver and gold mining properties and companies.

For the second quarter, the company reduced its debt by 16%, while cash and cash equivalents stood at $106.8 million, increasing 159% from the same quarter last year. In an interview to, CDE's chief executive Mitch Krebs said cash balance has grown to $147 million since the end of June. Net metal sales for the quarter increased 129% year-over-year to $231.1 million. Adjusted earnings stood at $58 million, or 65 cents per share, as against a loss of $8.9 million, or 10 cents per share, in year-ago quarter.

As reported by Bloomberg, chief executive Mitch Krebs believes that gold prices will march towards $2,000 and above by 2012, although the metal would experience a brief pullback in the short run. He said that the company is seeking to exploit the current price environment by carrying out exploration activities around its existing mines. For the second half of the year, the company's exploration budget has been hiked by 67% to $14 million for carrying out exploration activities in Mexico, Argentina and Nevada.

The company estimates 2011 silver production of 19.5 million to 20.5 million ounces and 240,000 ounces to 250,000 ounces of gold. Gold production is likely to boost during the second half, lowering cash operating costs per gold ounce. The company is planning an attractive dividend policy for 2012. Going forward, the company will not issue any shares as its operating cash flow is adequate to fund investment and distribution.

Of the eight analysts covering the stock, four recommended a buy and the rest suggest a hold. There are no sell ratings on the stock. Analysts polled by Bloomberg foresee the stock gaining an average 36% to $40.83 in the forthcoming 12 months.

6 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AEM $27.94 -0.21%
BHP $46.47 -1.50%
CDE $4.71 -2.69%
HBM $8.18 -2.27%
NEM $21.71 -1.41%


DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs