Coeur D'Alene Mines Corporation (CDE): Today's Featured Metals & Mining Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Coeur D'Alene Mines Corporation ( CDE) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day up 1.1%. By the end of trading, Coeur D'Alene Mines Corporation fell 72 cents (-2.9%) to $23.90 on average volume. Throughout the day, 1.8 million shares of Coeur D'Alene Mines Corporation exchanged hands as compared to its average daily volume of 1.7 million shares. The stock ranged in price between $23.78-$24.58 after having opened the day at $24.49 as compared to the previous trading day's close of $24.62. Other companies within the Metals & Mining industry that declined today were: Crosshair Energy ( CXZ), down 11.1%, Gold Standard Ventures ( GSV), down 6.8%, Nevsun Resources ( NSU), down 5.8%, and Universal Stainless & Alloy Products ( USAP), down 4.3%.
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Coeur d'Alene Mines Corporation, together with its subsidiaries, engages in the ownership, operation, exploration, and development of silver and gold mining properties primarily located in the United States, Mexico, Bolivia, Argentina, and Australia. Coeur D'Alene Mines Corporation has a market cap of $2.2 billion and is part of the basic materials sector. The company has a P/E ratio of 101.1, above the S&P 500 P/E ratio of 17.7. Shares are up 0.1% year to date as of the close of trading on Friday. Currently there are six analysts that rate Coeur D'Alene Mines Corporation a buy, no analysts rate it a sell, and two rate it a hold.

TheStreet Ratings rates Coeur D'Alene Mines Corporation as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.

On the positive front, Jaguar Mining ( JAG), up 32%, Golden Star Resources ( GSS), up 7.3%, North American Palladium ( PAL), up 7.3%, and Great Panther Silver ( GPL), up 7%, were all gainers within the metals & mining industry with Barrick Gold Corporation ( ABX) being today's featured metals & mining industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider SPDR S&P Metals & Mining ETF ( XME) while those bearish on the metals & mining industry could consider PowerShares DB Base Metals Sht ETN ( BOS).

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