Coeur Mining Target of Unusually Large Options Trading (NYSE:CDE)

Coeur Mining, Inc. (NYSE:CDE) was the target of some unusual options trading activity on Tuesday. Stock traders acquired 52,921 call options on the company. This represents an increase of 125% compared to the average daily volume of 23,556 call options.

Wall Street Analyst Weigh In

CDE has been the topic of a number of analyst reports. Zacks Research upgraded Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th. TD Securities boosted their price objective on shares of Coeur Mining from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Coeur Mining in a report on Monday, December 29th. Cormark cut shares of Coeur Mining from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Finally, Raymond James Financial set a $21.00 price objective on shares of Coeur Mining in a research report on Thursday, October 30th. Three analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $18.17.

Institutional Trading of Coeur Mining

A number of institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC raised its holdings in Coeur Mining by 60.2% during the 1st quarter. AQR Capital Management LLC now owns 748,907 shares of the basic materials company’s stock valued at $4,434,000 after buying an additional 281,489 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Coeur Mining by 18.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company’s stock worth $49,449,000 after acquiring an additional 1,278,110 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Coeur Mining by 122.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,431,244 shares of the basic materials company’s stock valued at $14,393,000 after acquiring an additional 1,339,138 shares during the period. Focus Partners Wealth bought a new stake in shares of Coeur Mining in the first quarter worth about $60,000. Finally, Intech Investment Management LLC increased its holdings in Coeur Mining by 58.4% during the 1st quarter. Intech Investment Management LLC now owns 269,203 shares of the basic materials company’s stock valued at $1,594,000 after purchasing an additional 99,256 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Price Performance

Shares of Coeur Mining stock opened at $25.44 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.10 and a current ratio of 2.00. Coeur Mining has a 52-week low of $4.58 and a 52-week high of $27.77. The company has a fifty day moving average of $18.41 and a 200-day moving average of $15.96. The stock has a market capitalization of $16.34 billion, a price-to-earnings ratio of 38.55 and a beta of 1.24.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). The business had revenue of $554.57 million during the quarter, compared to the consensus estimate of $511.20 million. Coeur Mining had a return on equity of 15.52% and a net margin of 24.03%.During the same period in the prior year, the firm earned $0.12 earnings per share. The business’s revenue for the quarter was up 76.9% on a year-over-year basis. Equities research analysts expect that Coeur Mining will post 0.58 EPS for the current year.

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.