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CDE Falls to Levels Below Book Value

By Market News Video Staff, Monday, August 8, 2:11 PM ET
Now Playing: The Importance of Book Value


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In trading on Monday, shares of Coeur d'Alene Mines Corp (NYSE:CDE) crossed below their last reported book value — defined as common shareholder equity per share — of $22.98, changing hands as low as $22.59 per share. Coeur d'Alene Mines Corp shares are currently trading off about 2.7% on the day. The chart below shows the one year performance of CDE shares, versus its 50 and 200 day moving averages:

Coeur d'Alene Mines Corp  Moving Averages Chart

Looking at the chart above, CDE's low point in its 52 week range is $14.54 per share, with $37.59 as the 52 week high point — that compares with a last trade of $23.74.

According to the ETF Finder at ETF Channel, CDE makes up 3.15% of the SPDR S&P Metals and Mining ETF (AMEX:XME) which is trading lower by about 3.7% on the day Monday.

     See what other ETFs contain CDE »
     See what other stocks are held by XME »

CDE operates in the Precious Metals sector, among companies like Anooraq Resources Corp. (ANO), and Loncor Resources, Inc. (LON).


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This Article's Word Cloud:   AMEX   Alene   Anooraq   Below   Book   Channel   Coeur   Corp   ETFs   Finder   Free   Metals   Mines   Monday   Portfolio   Resources   about   among   asset   averages   below   book   cash   chart   companies   currently   designed   growth   hands   last   lower   operates   other   performance   point   portfolio   range   reported   share   shares   slideshow   stocks   terms   there   trading   versus   week   what   with   year
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