Investors Purchase High Volume of Call Options on Coeur Mining (NYSE:CDE)

Coeur Mining, Inc. (NYSE:CDE) was the recipient of unusually large options trading on Tuesday. Stock traders acquired 7,379 call options on the company. This is an increase of approximately 57% compared to the typical volume of 4,704 call options.

Coeur Mining Stock Up 1.8 %

CDE opened at $6.55 on Wednesday. Coeur Mining has a 1-year low of $2.98 and a 1-year high of $7.72. The stock’s fifty day simple moving average is $6.17 and its 200 day simple moving average is $6.35. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50. The stock has a market cap of $4.18 billion, a PE ratio of 54.55 and a beta of 1.51.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. The business had revenue of $305.40 million for the quarter, compared to analysts’ expectations of $314.32 million. As a group, research analysts expect that Coeur Mining will post 0.58 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Thomas S. Whelan purchased 10,000 shares of Coeur Mining stock in a transaction on Wednesday, February 26th. The stock was purchased at an average price of $5.25 per share, with a total value of $52,500.00. Following the transaction, the chief financial officer now directly owns 668,450 shares in the company, valued at $3,509,362.50. The trade was a 1.52 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.56% of the company’s stock.

Institutional Investors Weigh In On Coeur Mining

A number of large investors have recently added to or reduced their stakes in CDE. GAMMA Investing LLC increased its position in Coeur Mining by 139.8% during the 4th 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 during the period. Quarry LP increased its position in Coeur Mining by 853.8% during the 4th quarter. Quarry LP now owns 6,667 shares of the basic materials company’s stock worth $38,000 after buying an additional 5,968 shares during the period. Optiver Holding B.V. increased its position in Coeur Mining by 150.5% during the 4th quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company’s stock worth $47,000 after buying an additional 4,903 shares during the period. FNY Investment Advisers LLC bought a new position in Coeur Mining during the 4th quarter worth $57,000. Finally, ZEGA Investments LLC bought a new position in Coeur Mining during the 4th quarter worth $64,000. Institutional investors own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

CDE has been the subject of a number of recent research reports. Raymond James raised Coeur Mining from a “market perform” rating to an “outperform” rating and reduced their price target for the stock from $8.75 to $8.25 in a research report on Friday, February 21st. Cormark upgraded Coeur Mining to a “moderate buy” rating in a research note on Thursday, February 20th. Roth Mkm dropped their price objective on Coeur Mining from $8.50 to $8.25 and set a “buy” rating on the stock in a research note on Friday, February 21st. TD Securities started coverage on Coeur Mining in a research note on Tuesday, March 11th. They set a “buy” rating and a $7.00 price objective on the stock. Finally, TD Cowen upgraded Coeur Mining to a “strong-buy” rating in a research note on Tuesday, March 11th. One 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $8.05.

About Coeur Mining

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.