Coeur d'Alene Mines [United States] hits two-month high February 21, 2012
STOCKS
Coeur d'Alene Mines (CDE.N) traded at its 48-day high of US$29.28. The stock price gained US$1.12 (or 4.0%) to close at US$28.98. Compared with the Dow Jones Industrials index, which rose 15.6 points (or 0.1%) on the day, this was a relative price change of 3.9%.
TECHNICAL ANALYSIS
Significant Uptrend
Support: the support price is hovering at the US$26.23 level. Volume traded at the support price zone was 1.6 times average during the four occasions when the support price was breached. In the last month the lowest price was US$26.23 on Jan 24. The second lowest was US$26.24 on Jan 25, the third lowest was US$26.36 on Jan 23, the 4th at US$26.43 on Feb 16.
Resistance: previous rallies have been met with firm resistance at US$29.28. Volume was 1.4 times average during the nine occasions when the resistance price was breached in the last one month. In the last one month the highest was at US$29.28 on Feb 21, the second highest at US$29.25 on Jan 31. The third advance halted at US$29.14 on Jan 27, the 4th at US$29.08 on Jan 26 and the 5th at US$28.885 on Feb 02.
Trailing month: in the last 21 trading sessions there has been a net rise of 9.69%; the stock has advanced 20 times and the biggest one day rise was 6.5% on Jan 25.
PRICE VOLUME DYNAMICS
Volatility: the stock traded between an intraday low of US$28.11 and two-month high of US$29.28, suggesting a trading opportunity between peaks and troughs. The average daily volatility of 4.8% places the stock in the 1st quartile in the market meaning it is highly volatile.
Volume: there were 1,561,929 shares worth US$45.3 million traded. The volume was 0.5 times average trading of 985,240 shares.
% Discount to high: the last price is at a discount of 22.9% to the 12-month high of US$37.59.
Volume weighted price (VWP): the price is at a premium of 3.8% to the 1-month volume weighted average price of US$27.909. Given that this premium has exceeded 3.8% eighty-nine times and been under 3.8% forty-two times in the last year, the upside:downside probability is estimated at 89:42 or 2.1:1.
Beta: The Beta of this stock is 1.57. A Beta greater than 1 suggests this is a high risk, high return stock with volatility greater than that of the market.
Standard Deviation (SD): SD is a statistical measure of deviation from the mean. The SD of 3.4% gives it a percentile rank of 81 meaning that 81% of stocks in the global market are less volatile than this stock.
OPEN INTEREST TREND AND INTERPRETATION
Same day trend: open interest fell, ending a three-day streak of rises. Open interest dropped 4.5% from 64,383 to 61,493. Combined with the price rising 4.0% this suggests the market is weakening.
Trailing one week trend: Open interest increased 2.3% from 60,120 a week ago while the stock jumped 7.4% from US$27.18 a week ago. Combined with the rising price this suggests the market is strong.
Trailing one month trend: open interest crashed 15.0% from 72,355 a month ago while the stock soared 10.1% from US$26.42 a month ago. Combined with the rising price this also suggests the market is weakening.
Open interest as % of issued capital: 6,149,300 shares, representing 6.9% of the issued capital.
[ranked 269 out of 1917 stocks in descending order]
Put:call ratio: open interest contracts on exchange traded options included 20,503 put contracts and 40,990 call contracts.
The put:call ratio was 0.5, down 4.6% for the day, up 1.8% in the past week and down 5.8% in the past month.
Top three traded call options [volume of contracts in brackets; 1 contract is 100 shares]
Exercise US$29.0; Expires Mar 17: US$1.25 up 47.1% [1419]
Exercise US$30.0; Expires Mar 17: 85.0c up 70.0% [673]
Exercise US$31.0; Expires Mar 17: 50.0c up 25.0% [226]
Top three traded put options [volume of contracts in brackets; 1 contract is 100 shares]
Exercise US$29.0; Expires Mar 17: US$1.25 down 35.2% [165]
Exercise US$28.0; Expires Mar 17: 90.0c down 30.8% [115]
Exercise US$24.0; Expires Mar 17: 10.0c down 50.0% [90]
Access comprehensive Stock Research on http://www.buysellsignals.com/00101202121021239161
PRICE PERFORMANCE RANK IN SECTORS
The stock is in 2 sectors.
The following index and sectors rose setting the trend for its rise of 4.0%:
Metals & Mining sector of 172 stocks traded today, which was up 156.2 points or 1.4% to 11,674.5;
The index of Top 5000 stocks by MCap, which was up 22.7 points or 0.2% to 9,006.6;
Dow Jones Industrials index of 30 stocks traded today, which was up 15.6 points or 0.1% to 12,965.
RELATIVE VALUATION INDICATORS [RVI] FUNDAMENTAL ANALYSIS
The stock meets the following value criteria set by Benjamin Graham:
-"Total debt less than tangible book value"; total debt of US$193.4 million is less than tangible book value of US$2 billion.
Other Bullish Signals:
- The Price to Book of 1.3 lower than average of 2.4 for the Metals & Mining sector and 2.2 in the global market of top 5000 stocks by MCap. We estimate the shares are trading at a current year Price to Book of 1.2 and a forward year Price to Book of 1.1.
Bearish Signals:
- Price/Sales of 3.8 versus sector average of 2.3 and market average of 1.0. We estimate the shares are trading at a current year Price/Sales of 2.2 and a forward year Price/Sales of 1.3.
- Total Liabilities/ EBITDA of 13.4 is more than or equal to 5, this compares unfavourably with Joseph Piotroski benchmark of 5.
The stock has a score of merely 3 out of 9 set by Joseph Piotroski [pass mark >=5 ]:
Positive operating cashflow; Improvement in long-term debt to total assets from 0.06 to 0.04; Improvement in asset turnover [growth in revenue of 71.61% exceeded growth in assets of 3.39%].
RELATIVE VALUATION INDICATORS [RVI] TECHNICAL ANALYSIS
Bullish Signals:
- The price jumped 7.4% in the last week and soared 10.1% in the last month.
- Compared with the Dow Jones Industrials index which rose 0.7% for the week and 1.9% for the month, this represented a relative price increase of 6.7% for the week and 8.2% for the month.
- The price to 50-day EMAP ratio is 1.1, a bullish indicator. In the past 50 days this ratio has exceeded 1.1 six times suggesting further upside.
- The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) minus the 26-day EMA is positive suggesting a bullish signal.
- The price to 200-day MAP ratio is 1.11, a bullish indicator. The stock is trading above both its MAPs and the 50-day MAP of US$26.66 is higher than the 200-day MAP of US$26.10, a bullish indicator. The 200-day MAP has increased to US$26.10. An increase is another bullish indicator.
Breakout:
- The stock traded at a two-month high of US$29.28 today.
- The bulls are maintaining control with price open, high, low and close exceeding yesterday's levels.
Bearish Signals:
- In the global market of top 5000 stocks by MCap, the stock has a 6-month relative strength of 43 which means it has underperformed 57.0% of its global peers.
- the stock is overbought according to the Williams % R indicator of -10.5.
SHAREHOLER RETURNS
Trailing one week: the stock fell twice (50% of the time) and rose twice (50% of the time). The volume was 0.4 times average trading of 4,926,200 shares. The value of US$1,000 invested a week ago is US$1,066 [vs USD1,008 for the Dow Jones Industrials index], for a capital gain of US$66 (or rise of 6.6%).
Trailing one month: the stock fell eleven times (55% of the time) and rose nine times (45% of the time). The volume was 0.5 times average trading of 21,675,280 shares. The value of US$1,000 invested a month ago is US$1,101 [vs USD1,022 for the Dow Jones Industrials index], for a capital gain of US$101 (or rise of 10.1%).
Trailing one year: the value of US$1,000 invested one year ago is US$1,061 [vs USD1,075 for the Dow Jones Industrials index], for a capital gain of US$61. The total return to shareholders for 1 year is 6.1%.
Trailing five years: the value of US$1,000 invested five years ago is US$638, for a capital loss of US$362.
The present value of US$1000 invested at a previous date is shown below:
FINANCIALS
Quarterly Report released on November 26, 2011; year-on-year comparisons with previous corresponding period:
In the quarter to September 30, 2011 total revenue was up 189.8% to US$343.6 million; net profit recovery to US$31.1 million; EPS of 35.0c.
Annual Report for the year ended December 31, 2010 (year-on-year comparisons with previous corresponding period)-
EPS of -105.0 U.S. cents.
Favourable Changes: total revenue up 85.8% to $US683.0m; total debt to net tangible assets down from 10.0% to 9.5%; total liabilities to EBITDA down 69.6% to 13.4. While this compares unfavourably with the Joseph Piotroski benchmark of <5, the trend is favourable; although the Total Liabilities to Operating Cash Flow ratio of 6.8 also compares unfavourably with the Joseph Piotroski benchmark of <4, it had improved by 61.6% from the previous year.; debt to equity down 10.0% to 0.1; total revenue to total assets up 79.8% to 0.2.
Unfavourable Changes: EBIT loss of $US61.7m; EBIT Margin of -12.0%; losses in all of the last 3 years; current ratio down 1.0% to 1.0; Net tangible assets per share down 16.2% to $US23.41.
Steady: total liabilities to total assets steady at 0.4.
Major Common Size Ratios: fixed assets to total assets up from 17.6% to 21.2%; total current assets to total assets up from 6.1% to 8.4%; cash to total assets up from 0.7% to 2.1%; current debtors to total assets down from 1.9% to 1.9%; non-current debtors to total assets up from 1.2% to 1.4%; cost of goods sold to sales down from 52.1% to 37.7%; depreciation to sales down from 22.1% to 20.7%; EBITDA to Sales up from 6.5% to 12.2%; interest expenses to sales down from 4.9% to 4.5%; Administration expenses to Sales down from 6.0% to 3.5%.
FUNDAMENTALS
Price to cash: the price to cash backing per share is 1.3.
ISSUED CAPITAL
Based on 89,653,222 issued shares the market capitalisation is US$2.6 billion. It is the world's largest Metals & Mining company by market capitalisation.
ACTIVITIES
It is the world's 91st largest Metals & Mining company by total revenue.
Coeur d'Alene Mines Corporation is one of the world's leading silver companies and is also a significant gold producer. In 2009, the Company produced a record 17.7 million ounces of silver, up 47% from the previous year, with record reserve levels of 269 million silver ounces.
TOP MANAGEMENT
The chief financial officer is Frank L. Hanagarne Jr. and the chief executive officer is Mitchell J. Krebs.
BUSINESS NEWS ROUND UP
The last 5 snippets are:
November 07: Coeur Posts All-Time Record Quarterly Sales and Operating Cash Flow
http://phx.corporate-ir.net/phoenix.zhtmlc=86472&p=irol-newsArticle&ID=1626813&highlight= Source: Company Website
October 19: Coeur d'Alene Mines Corporation Announces Third Quarter 2011 Earnings Conference Call Schedule
Coeur d'Alene Mines Corporation (NYSE:CDE)(TSX:CDM) will report its third quarter 2011 financial results on Monday, November 7, 2011 before the New York Stock Exchange and Toronto Stock Exchange open for trading. There will be a conference call that day at 1:00 p.m.
September 15: Coeur's Kensington Gold Mine Production Continues
COEUR D'ALENE, Idaho, Sep 15, 2011 (BUSINESS WIRE) --Coeur d'Alene Mines Corporation (NYSE:CDE) (TSX:CDM) reports that its wholly owned Kensington gold mine and processing facility, located 45 miles northwest of Juneau, in Alaska, is operating at full capacity following the fatal accident in the underground operations on September 7, 2011.
July 15: Coeur Names Mitchell J. Krebs as President and Chief Executive Officer
Coeur d'Alene Mines Corporation (NYSE:CDE)(TSX:CDM) announced today that Mitchell J. Krebs has been appointed as President and Chief Executive Officer of the Company. In addition, the Board of Directors also elected Mr. Krebs as a director and Robert E. Mellor as non-executive Chairman of the Board.Messrs.
July 06: Coeur Appoints Wendy Yang as Vice President of Investor Relations
[News Story] COEUR D'ALENE, Idaho--(BUSINESS WIRE)-- Coeur d'Alene Mines Corporation (NYSE:CDE) (TSX:CDM) today announced the appointment of Wendy Yang as the Company's Vice President of Investor Relations.Ms. Yang was most recently Vice President of Investor Relations for Brigus Gold Corp.
Source: www.BuySellSignals.com
Subject
STOCK INDEXES (90%); TRENDS (90%); PRICE CHANGES (89%); SECURITIES TRADING (79%) TECHNICAL ANALYSIS; PRICE VOLUME DYNAMICS; OPEN INTEREST TREND AND INTERPRETATION; PRICE PERFORMANCE RANK IN SECTORS; RELATIVE VALUATION INDICATORS [RVI] FUNDAMENTAL ANALYSIS; RELATIVE VALUATION INDICATORS [RVI] TECHNICAL ANALYSIS; SHAREHOLER RETURNS; FINANCIALS; FUNDAMENTALS; ISSUED CAPITAL; ACTIVITIES; TOP MANAGEMENT; BUSINESS NEWS ROUND UP
Industry
NAICS212222 SILVER ORE MINING (91%); NAICS212221 GOLD ORE MINING (91%); SIC1044 SILVER ORES (91%); SIC1041 GOLD ORES (91%)
Ticker
CDM (TSX) (91%); CDE (NYSE) (91%) CDE CDM.T CDE.N
Geographic
UNITED STATES (90%) United States
