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Tuesday, August 7, 2012

Undervalued Stock Detected (NYSE: CDE)

Shares of CDE traded higher by 4.07% or $0.71/share to $18.14. NYSE is trading at a price to book ratio of 0.73. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.22 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 1.53. On average, 1576740 shares of CDE exchange hands on a given day and today's volume is recorded at 639663. These factors combined may make this company a potential takeover candidate. Value investors may have an eye on this one, especially if the stock gets cheaper.

Coeur d?Alene Mines Corporation (Coeur) is a silver producer with gold production and has assets located in the United States, Mexico, Bolivia, Argentina and Australia.