Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of silver and gold miner Coeur d'Alene Mines
So what: Fueled by soaring silver and gold prices, Coeur d'Alene posted an adjusted fourth-quarter profit of $0.56 per share, versus the average analyst estimate of just $0.30 per share. More importantly, management also raised its full-year production targets for 2011 as all three of its new anchor mines are expected to finally be operating at the same time.
Now what: Don't let today's double-digit pop scare you completely away from Coeur d'Alene. Chairman and CEO Dennis Wheeler fully expects 2011 to be a "record year for silver and gold production, metal sales, and cash flow in sustained metals markets," so there might be plenty of room for the shares left to run. And with a price-to-book of just 1.2 -- a clear discount to the likes of Newmont Mining
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