CDE Stock Forecast: 106.18% Gain In 3 Months

2013-coeur-logoCoeur Mining, Inc. (CDE) was a Small Stock pick based on predictive algorithm recommended to I Know First subscribers on November 6th for the 3-months time horizon. CDE had a signal of 493.69.16 and a predictability of 0.47. In accordance with the algorithm, the company reported short-term capital gains of 106.18%.

CDE was part of the stock forecast that can be found in the “Small Cap Stocks” Package.

The full Top 10 Small Cap Stocks forecast includes a daily prediction for a total of 20 stocks with bullish and bearish signals:

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CDE Stock

Coeur Mining, Inc. (CDE) is a precious metals mining company listed on the Toronto and New York Stock exchanges. It operates four mines from Alaska to Bolivia and has royalty interests in a four other operating mines.In 2013 the company changed its name to Coeur Mining, Inc. from Coeur d’Alene Mines[3] and moved its head office to Chicago, Illinois from Coeur d’Alene Idaho.

Coeur Mining, Inc .(CDE ) has been on the move lately as the stock has risen by more than 100% in the past three months. CDE  shares are up these last couple of months for a couple of reasons.  On the first hand, silver prices have been going up lately in tandem with rising gold prices. Increasing speculative activity and bargain buying at lower levels supported the rise. However, strength in Nickel prices also acted as a positive factor. This situation of course helped silver and gold producers such as Couer Mining.

On the other hand, Coeur Mining (CDE) last posted its quarterly earnings results on Thursday, November 6th, beating the consensus estimates. The company reported ($0.23) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.29) by $0.06. The company had revenue of $170.90 million for the quarter, compared to the consensus estimate of $162.00 million. During the same quarter in the prior year, the company posted ($0.27) earnings per share. The company’s quarterly revenue was down 14.9% on a year-over-year basis. Analysts expect that Coeur Mining will post $-1.10 EPS for the current fiscal year.