Coeur Mining Target of Unusually Large Options Trading (NYSE:CDE)

Coeur Mining, Inc. (NYSE:CDE) saw some unusual options trading activity on Tuesday. Stock investors bought 7,379 call options on the stock. This represents an increase of 57% compared to the average daily volume of 4,704 call options.

Coeur Mining Stock Performance

Coeur Mining stock opened at $6.56 on Thursday. The business has a 50 day moving average of $6.18 and a 200-day moving average of $6.35. The company has a market capitalization of $4.19 billion, a P/E ratio of 54.63 and a beta of 1.51. Coeur Mining has a 1 year low of $2.98 and a 1 year high of $7.72. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The firm had revenue of $305.40 million during the quarter, compared to the consensus estimate of $314.32 million. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. On average, equities research analysts predict that Coeur Mining will post 0.58 earnings per share for the current year.

Wall Street Analyst Weigh In

CDE has been the topic of several recent analyst reports. Raymond James upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and decreased their price target for the company from $8.75 to $8.25 in a research note on Friday, February 21st. BMO Capital Markets started coverage on Coeur Mining in a research note on Tuesday, February 18th. They set an “outperform” rating and a $9.00 target price for the company. TD Securities assumed coverage on shares of Coeur Mining in a report on Tuesday, March 11th. They issued a “buy” rating and a $7.00 target price for the company. TD Cowen raised shares of Coeur Mining to a “strong-buy” rating in a report on Tuesday, March 11th. Finally, Roth Mkm dropped their price objective on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a research note on Friday, February 21st. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $8.05.

Insider Activity

In other news, CFO Thomas S. Whelan acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average cost of $5.25 per share, with a total value of $52,500.00. Following the completion of the purchase, the chief financial officer now directly owns 668,450 shares of the company’s stock, valued at $3,509,362.50. The trade was a 1.52 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.56% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CDE. Merit Financial Group LLC increased its stake in shares of Coeur Mining by 5.4% in the fourth quarter. Merit Financial Group LLC now owns 31,574 shares of the basic materials company’s stock valued at $181,000 after buying an additional 1,607 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in Coeur Mining by 0.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 315,190 shares of the basic materials company’s stock valued at $1,803,000 after acquiring an additional 2,323 shares during the last quarter. Summit Investment Advisors Inc. increased its position in Coeur Mining by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 41,333 shares of the basic materials company’s stock valued at $236,000 after purchasing an additional 2,624 shares during the period. Xponance Inc. raised its holdings in Coeur Mining by 10.9% during the 4th quarter. Xponance Inc. now owns 28,712 shares of the basic materials company’s stock worth $164,000 after purchasing an additional 2,811 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Coeur Mining by 139.8% in the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 3,359 shares during the period. 63.01% of the stock is owned by institutional investors.

Coeur Mining Company Profile

Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc in May 2013.