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

Coeur Mining, Inc. (NYSE:CDE) was the recipient of some unusual options trading on Monday. Investors purchased 23,568 call options on the company. This is an increase of 16% compared to the average volume of 20,339 call options.

Coeur Mining Trading Up 6.9%

Shares of CDE traded up $1.42 during mid-day trading on Monday, hitting $21.82. 11,822,928 shares of the company’s stock traded hands, compared to its average volume of 20,181,947. The company has a quick ratio of 1.10, a current ratio of 2.00 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $14.01 billion, a P/E ratio of 32.94 and a beta of 1.24. The business’s 50-day moving average price is $16.61 and its 200-day moving average price is $14.88. Coeur Mining has a 1 year low of $4.58 and a 1 year high of $23.61.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The business had revenue of $554.57 million during the quarter, compared to analysts’ expectations of $511.20 million. Coeur Mining had a return on equity of 15.52% and a net margin of 24.03%.The business’s revenue was up 76.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.12 EPS. As a group, sell-side analysts forecast that Coeur Mining will post 0.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CDE. Wall Street Zen raised Coeur Mining from a “hold” rating to a “buy” rating in a research note on Sunday, December 21st. TD Securities lifted their price target on Coeur Mining from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Zacks Research raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th. Cormark downgraded shares of Coeur Mining from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Finally, Cantor Fitzgerald lowered shares of Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 price target on the stock. in a report on Thursday, October 30th. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $16.75.

Institutional Investors Weigh In On Coeur Mining

Large investors have recently modified their holdings of the stock. SG Americas Securities LLC raised its stake in Coeur Mining by 145.6% in the fourth quarter. SG Americas Securities LLC now owns 186,664 shares of the basic materials company’s stock worth $3,328,000 after buying an additional 110,660 shares in the last quarter. Diversified Trust Co. grew its holdings in shares of Coeur Mining by 6.2% during the 4th quarter. Diversified Trust Co. now owns 96,664 shares of the basic materials company’s stock worth $1,724,000 after acquiring an additional 5,678 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Coeur Mining by 9.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 101,308 shares of the basic materials company’s stock worth $1,989,000 after acquiring an additional 8,958 shares during the period. Park Avenue Securities LLC bought a new position in shares of Coeur Mining in the 4th quarter worth approximately $205,000. Finally, GK Wealth Management LLC lifted its stake in shares of Coeur Mining by 13.0% in the 4th quarter. GK Wealth Management LLC now owns 19,318 shares of the basic materials company’s stock valued at $344,000 after purchasing an additional 2,223 shares during the period. Institutional investors own 63.01% of the company’s stock.

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.