Stock Traders Purchase High Volume of Coeur Mining Call Options (NYSE:CDE)

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) was the recipient of some unusual options trading on Friday. Stock investors bought 40,720 call options on the company. This represents an increase of approximately 956% compared to the average volume of 3,855 call options.

Hedge Funds Weigh In On Coeur Mining

Several large investors have recently made changes to their positions in CDE. GAMMA Investing LLC grew its holdings in Coeur Mining by 139.8% in the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company's stock valued at $33,000 after buying an additional 3,359 shares during the last quarter. Quarry LP boosted its position in shares of Coeur Mining by 853.8% in the fourth quarter. Quarry LP now owns 6,667 shares of the basic materials company's stock valued at $38,000 after acquiring an additional 5,968 shares during the period. Optiver Holding B.V. grew its stake in shares of Coeur Mining by 150.5% in the fourth quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company's stock worth $47,000 after acquiring an additional 4,903 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Coeur Mining during the fourth quarter worth $57,000. Finally, DRW Securities LLC acquired a new position in Coeur Mining during the 4th quarter valued at $60,000. Institutional investors and hedge funds own 63.01% of the company's stock.

Analyst Upgrades and Downgrades

CDE has been the subject of a number of recent research reports. Cormark raised Coeur Mining to a "moderate buy" rating in a research note on Thursday, February 20th. Roth Mkm dropped their price objective on Coeur Mining from $8.50 to $8.25 and set a "buy" rating on the stock in a report on Friday. StockNews.com upgraded shares of Coeur Mining from a "sell" rating to a "hold" rating in a research note on Friday, November 8th. Raymond James upgraded shares of Coeur Mining from a "market perform" rating to an "outperform" rating and dropped their price target for the stock from $8.75 to $8.25 in a research note on Friday. Finally, Cantor Fitzgerald raised shares of Coeur Mining from a "hold" rating to a "strong-buy" rating in a research note on Thursday, November 7th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $8.31.

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Coeur Mining Stock Performance

Shares of NYSE:CDE traded down $0.26 during trading on Tuesday, reaching $5.09. The stock had a trading volume of 23,009,314 shares, compared to its average volume of 17,878,758. The stock has a fifty day simple moving average of $6.29 and a two-hundred day simple moving average of $6.41. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. Coeur Mining has a 52 week low of $2.42 and a 52 week high of $7.72. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 42.38 and a beta of 1.59.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. The firm had revenue of $305.40 million for 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%. As a group, analysts anticipate that Coeur Mining will post 0.58 earnings per share for the current fiscal year.

About Coeur Mining

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.