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7 Cheap Stocks to Buy That Could Double in 2017

Most of these stocks trade for $10 or less, and all have at least an outside shot of doubling your money

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Cheap Stocks to Buy: Couer Mining (CDE)

Cheap Stocks to Buy: Couer Mining (CDE)Stock Price: ~$10.50

Couer Mining Inc (NYSE:CDE) — previously Coeur d’Alene Mines — is a gold and silver miner, so obviously its fortunes will be tied to the performance of these precious metals.

The financials for CDE are just fine. While debt ($402 million) is more than cash ($223 million), it’s not wildly overleveraged. Besides, the company is cash-flow positive.

Amazingly, Coeur Mining sunk as low as $1.63 in early 2016 before reversing to current prices around $10. Between that and the fact the Federal Reserve has said it will raise interest rates multiple times this year — and interest-rate hikes are good for the U.S. dollar, which typically moves inversely to precious metals — investors think CDE could have a tough time this year.

But additional rate increases in 2017 are by no means guaranteed. If rate increases don’t materialize and get kicked down the road, gold will respond positively — and given that miners are far more volatile than the metal itself, CDE could easily double in that environment.

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