Coeur Mining Target of Unusually High Options Trading (CDE)
Coeur Mining Inc (NYSE:CDE) was the recipient of some unusual options trading activity on Thursday. Stock traders acquired 1,708 put options on the stock. This is an increase of 849% compared to the average volume of 180 put options.
Coeur Mining (NYSE:CDE) opened at $8.55 on Friday. Coeur Mining has a 52-week low of $6.71 and a 52-week high of $12.30. The company has a current ratio of 3.68, a quick ratio of 2.51 and a debt-to-equity ratio of 0.36.
Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, October 25th. The basic materials company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.17). Coeur Mining had a negative return on equity of 1.37% and a negative net margin of 2.41%. The business had revenue of $176.00 million for the quarter, compared to analyst estimates of $185.09 million. During the same quarter in the previous year, the company earned $0.23 EPS. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. equities research analysts expect that Coeur Mining will post -0.05 earnings per share for the current year.
Several large investors have recently made changes to their positions in CDE. Stevens Capital Management LP acquired a new position in shares of Coeur Mining during the 2nd quarter worth approximately $123,000. Russell Investments Group Ltd. acquired a new position in shares of Coeur Mining during the 2nd quarter worth approximately $141,000. QCM Cayman Ltd. acquired a new stake in shares of Coeur Mining during the 2nd quarter worth approximately $160,000. Parametrica Management Ltd acquired a new stake in shares of Coeur Mining during the 3rd quarter worth approximately $160,000. Finally, Prudential Financial Inc. boosted its position in shares of Coeur Mining by 7.6% during the 2nd quarter. Prudential Financial Inc. now owns 19,451 shares of the basic materials company’s stock worth $167,000 after acquiring an additional 1,370 shares in the last quarter. Hedge funds and other institutional investors own 69.73% of the company’s stock.
Several research analysts have weighed in on CDE shares. Royal Bank of Canada set a $10.00 price target on shares of Coeur Mining and gave the company a “buy” rating in a report on Tuesday, December 5th. Roth Capital lowered their price target on shares of Coeur Mining from $12.50 to $10.00 and set a “buy” rating on the stock in a report on Friday, October 27th. BMO Capital Markets set a $12.00 price target on shares of Coeur Mining and gave the company a “buy” rating in a report on Tuesday, November 14th. Noble Financial reissued a “hold” rating on shares of Coeur Mining in a report on Tuesday, October 31st. Finally, Zacks Investment Research upgraded shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $10.29.
Coeur Mining Company Profile
Coeur Mining, Inc is a gold and silver producer. The Company has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina. Its segments include Palmarejo, Rochester, Kensington, Wharf, San Bartolome mines, Coeur Capital and Other. The Palmarejo complex is located in the state of Chihuahua, Mexico.
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