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

Coeur Mining, Inc. (NYSE:CDE) was the target of some unusual options trading on Wednesday. Stock investors acquired 52,350 call options on the company. This represents an increase of 70% compared to the average daily volume of 30,772 call options.

Hedge Funds Weigh In On Coeur Mining

Institutional investors have recently modified their holdings of the company. Triumph Capital Management lifted its position in Coeur Mining by 300.0% in the 4th quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 1,200 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Coeur Mining by 74.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 1,435 shares during the last quarter. Kingdom Financial Group LLC. acquired a new stake in shares of Coeur Mining in the fourth quarter valued at approximately $32,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Coeur Mining in the fourth quarter valued at approximately $33,000. Finally, Transamerica Financial Advisors LLC bought a new stake in shares of Coeur Mining during the fourth quarter valued at approximately $34,000. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Trading Up 1.5%

Shares of NYSE CDE opened at $19.05 on Thursday. Coeur Mining has a 12-month low of $4.58 and a 12-month high of $27.77. The company has a market cap of $12.23 billion, a price-to-earnings ratio of 21.90 and a beta of 1.33. The company has a current ratio of 2.47, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10. The stock’s 50 day simple moving average is $22.03 and its 200 day simple moving average is $19.35.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). Coeur Mining had a return on equity of 18.75% and a net margin of 28.31%.The company had revenue of $674.85 million for the quarter, compared to the consensus estimate of $668.70 million. During the same quarter in the previous year, the company earned $0.11 earnings per share. Coeur Mining’s quarterly revenue was up 120.9% compared to the same quarter last year. Equities research analysts expect that Coeur Mining will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CDE shares. Royal Bank Of Canada raised their price objective on Coeur Mining from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. ATB Cormark Capital Markets raised shares of Coeur Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, March 24th. Zacks Research downgraded shares of Coeur Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Canaccord Genuity Group lowered shares of Coeur Mining from a “buy” rating to a “hold” rating in a report on Friday, February 20th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $29.00 price objective on shares of Coeur Mining in a research report on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.67.

About Coeur Mining

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.