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

Coeur Mining, Inc. (NYSE:CDE) was the target of unusually large options trading on Wednesday. Stock investors acquired 52,350 call options on the stock. This represents an increase of 70% compared to the typical volume of 30,772 call options.

Institutional Trading of Coeur Mining

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

Coeur Mining Trading Down 0.3%

Shares of NYSE:CDE opened at $19.05 on Friday. The company has a market capitalization of $12.23 billion, a PE 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. Coeur Mining has a 12-month low of $4.58 and a 12-month high of $27.77. The business’s fifty day simple moving average is $21.89 and its 200-day simple moving average is $19.35.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $0.35 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $668.70 million. During the same period in the previous year, the firm posted $0.11 earnings per share. The company’s revenue was up 120.9% on a year-over-year basis. As a group, equities research analysts predict that Coeur Mining will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CDE. ATB Cormark Capital Markets upgraded Coeur Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, March 24th. Royal Bank Of Canada upped their price objective on shares of Coeur Mining from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Zacks Research cut shares of Coeur Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Canadian Imperial Bank of Commerce began coverage on shares of Coeur Mining in a research report on Tuesday, March 10th. They set an “outperform” rating and a $40.00 target price on the stock. Finally, Roth Mkm restated a “buy” rating and issued a $29.00 price target on shares of Coeur Mining in a report on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.67.

Coeur Mining Company Profile

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.