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Silver Wheaton Corp. Message Board

  • roxettewish roxettewish Oct 14, 2013 2:10 AM Flag

    Barrons likes CDE and silver sees CDE at $16

    SLW undervalued

    Barron's also highlighted the country's largest silver miner, Coeur Mining (CDE). The magazine speculated that after falling some 60% over the past year the stock could have 50% upside as the company restructures its operations and sentiment improves on the sector.

    Insiders have made some small purchases over the past two months and the stock is cheap at around half of book value. Coeur is currently posting losses but is solidly profitable on an operating cash flow basis. Coeur also has a solid balance sheet with little net debt.

    The median analyst price target of the 8 analysts that follow the stock is $15.50 a share, some 40% above its current stock price. CDE is selling at less than 1/3 of its highs of a couple of years ago. As the environment for miners eventually improves and as the company restructures its operations, it could make a good long-term speculative play for patient value investors. The company also recently announced a 91.5% increase of proven and probable silver reserves at its Rochester mine in Nevada, which bodes well for future growth.

27.82-0.87(-3.03%)Sep 23 4:02 PMEDT