Coeur Mining Sees Unusually Large Options Volume (NYSE:CDE)

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) was the target of unusually large options trading activity on Tuesday. Stock traders acquired 7,379 call options on the stock. This is an increase of approximately 57% compared to the typical daily volume of 4,704 call options.

Insider Buying and Selling

In other news, CFO Thomas S. Whelan purchased 10,000 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of $5.25 per share, with a total value of $52,500.00. Following the acquisition, the chief financial officer now directly owns 668,450 shares of the company's stock, valued at approximately $3,509,362.50. This represents a 1.52 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.56% of the stock is owned by insiders.

Hedge Funds Weigh In On Coeur Mining

A number of institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its holdings in shares of Coeur Mining by 139.8% during the fourth quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company's stock worth $33,000 after buying an additional 3,359 shares in the last quarter. Quarry LP raised its position in 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 purchasing an additional 5,968 shares during the last quarter. Optiver Holding B.V. boosted its stake in shares of Coeur Mining by 150.5% during the fourth quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company's stock valued at $47,000 after purchasing an additional 4,903 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Coeur Mining during the fourth quarter worth about $57,000. Finally, DRW Securities LLC acquired a new position in shares of Coeur Mining in the fourth quarter valued at approximately $60,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. TD Cowen raised Coeur Mining to a "strong-buy" rating in a research report on Tuesday, March 11th. Roth Mkm cut their price objective on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating on the stock in a research report on Friday, February 21st. TD Securities assumed coverage on shares of Coeur Mining in a research note on Tuesday, March 11th. They set a "buy" rating and a $7.00 price objective for the company. BMO Capital Markets began coverage on shares of Coeur Mining in a research note on Tuesday, February 18th. They set an "outperform" rating and a $9.00 price objective on the stock. Finally, Cormark upgraded shares of Coeur Mining to a "moderate buy" rating in a research note on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $8.05.

Coeur Mining Stock Performance

Shares of NYSE CDE traded down $0.22 during trading hours on Friday, reaching $6.21. 27,018,276 shares of the stock were exchanged, compared to its average volume of 10,575,719. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.39 and a current ratio of 0.83. The stock's fifty day simple moving average is $6.17 and its 200 day simple moving average is $6.36. Coeur Mining has a 52 week low of $3.36 and a 52 week high of $7.72. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 51.71 and a beta of 1.51.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, hitting analysts' consensus estimates of $0.11. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. The firm had revenue of $305.40 million for the quarter, compared to analyst estimates of $314.32 million. Sell-side analysts predict that Coeur Mining will post 0.58 EPS for the current year.

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.