Technical Research on Coeur d'Alene and Endeavour Silver: Silver Mining Stocks Set to Rebound
LONDON, February 22, 2013 /PRNewswire/ --
Silver and gold prices have been going up in the past couple of years. However, the benefits of the high prices did not fully percolate down to the mining companies. While these companies are boosting their productions, their stock prices are reeling down. Endeavour Silver Corp. (NYSE: EXK) is one of the most prominent silver miners. The company has a good track record of growth but its share price tells a different story. Similarly, Coeur d'Alene Mines Corporation (NYSE: CDE) is also boosting its operations through acquisitions and mergers. StockCall has posted free technical research reports on Coeur d'Alene Mines and Endeavour Silver and these can be accessed by signing up at
http://www.stockcall.com/analysis
Coeur d'Alene Mines Acquires Orko Silver
Coeur d'Alene Mines reported strong results for its fourth quarter. The company more than tripled its income to 42 cents per share. It had earned 13 cents per share for the corresponding quarter of the last year. Coeur d'Alene Mines also handily beat consensus estimate of 21 cents per share in income. While its sales declined its average realized price per ounce increased for both silver and gold. However, despite the good results, the stock tumbled 21 percent so far this year. The company lost 30 percent of its value in the past 12 months. Its stock is trading close to its 52-week low and thus has good upside potential. Download the free report on Coeur d'Alene Mines Corp. upon registration at
http://www.StockCall.com/CDE022213.pdf
Coeur d'Alene is also growing as it entered into a definitive agreement to buy Orko Silver. The contract is expected to be worth CAD$350 million. The acquisition will help Coeur d'Alene Mines Corporation in boosting its operations and the deal is likely to be finalized by April of this year. The company beat First Majestic Silver for grabbing Orko and will have access to Mexican markets.
Despite its shaky stock performance lately, Coeur d'Alene is one of the most prominent players in the field. With its new acquisition, the company's stock is likely to make a comeback.
Endeavour Silver Provides 2013 Outlook
Endeavour Silver expects to have good growth this year. Its stock tumbled 26 percent this year, while it lost 43 percent in the past 52 weeks. However, the company is looking to reverse this trend and regain its stock price highs. In 2013, the company expects to produce 5 million to 5.3 million ounces of silver, up from its target of 4.3 million ounces for the year 2012. For gold, its target is set at 46,000 ounces. The company achieved its targets in 2012 and is expected to repeat the performance this year as well. Endeavour Silver Corp. technical report can be accessed for free by signing up at
http://www.StockCall.com/EXK022213.pdf
Endeavour Silver is growing through acquisitions as well. Its new acquisitions include El Cubo mine in Mexico. The acquisition was helpful in achieving 2012 targets and is expected to be productive this year also. The company also plans to boost its drilling operations at San Sebastian property, which is one of the most productive properties in the company's portfolio.
Endeavour Silver's stock is currently trading near its 52-week low and thus shows good potential for an upward move. Given its ambitious targets this year and the past year's performance, the stock is likely to perform well in 2013.
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