Shares of Coeur d Alene Mines Corp (CDE) saw unusually high trading volume on Monday. Approximately 4,026,256 shares changed hands during mid-day trading, an increase of 64.17% from the previous session. The stock last traded at $30.93.
On a related note, analysts at Zacks Investment Research downgraded shares of Coeur d Alene Mines Corp from an outperform rating to a neutral rating in a research note to investors on Monday, February 14th. Separately, analysts at Deutsche Bank (NYSE: DB) upgraded shares of Coeur d Alene Mines Corp from a hold rating to a buy rating in a research note to investors on Tuesday, January 11st. They now have a $54.00 price target on the stock, up previously from $22.00.
Coeur d’Alene Mines Corporation (Coeur) is a silver producer with gold assets located in North America. The Company, through its subsidiaries, is engaged in the operation, ownership, development and exploration of silver and gold mining properties and companies located primarily within South America (Chile, Argentina and Bolivia), Mexico (Chihuahua), United States (Nevada and Alaska) and Australia (New South Wales). The Company owns, either directly or indirectly, 100% of Coeur Mexicana S.A. de C.V., which operates the underground and surface Palmarejo silver and gold mine in Mexico. It owns 100% of Coeur Rochester, Inc., which has owned and operated the Rochester mine, a silver and gold surface mining operation located in northwestern Nevada. Coeur owns, either directly or indirectly, 100% of Coeur Argentina S.R.L., which owns and operates the underground silver and gold Martha mine located in Santa Cruz, Argentina. On July 1, 2009, it sold its 100% interest in the Broken Hill mine.
Shares of Coeur d Alene Mines Corp (CDE) traded up 12.84% during mid-day trading on Monday, hitting $31.20. Coeur d Alene Mines Corp has a 52 week low of $13.96 and a 52 week high of $28.38. The stocks 50-day moving average is $24.97 and its 200-day moving average is $22.16. The company has a market cap of $2.787 billion.
