Mining Stock on the Rebound

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Coeur d'Alene Mines Corporation (NYSE: CDE ) - This mining company engages in the operation, ownership, exploration and development of silver and gold properties in South America, Mexico, the United States and Australia.

Ford Equity Research rates the stock a "buy" and is projecting that it will outperform the market over the next six to 12 months. EPS has increased from a loss of 60 cents to a gain of $1.17 over the past five quarters.

Technically, CDE broke from a triple-top on Feb. 28, hitting a new high at $36, and then pulled back to its near-term trendline at $30. It is now rebounding from that line, making it one of my current top stock picks. The trading target for CDE is $38.

Trade of the Day - Coeur d'Alene Mines Corporation (NYSE: CDE) Chart

Trade of the Day Chart Key

If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

Referenced Stocks: CDE

Sam Collins

Sam Collins

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