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

Coeur Mining, Inc. (NYSE:CDE) was the recipient of some unusual options trading on Tuesday. Stock investors purchased 7,379 call options on the stock. This is an increase of 57% compared to the average volume of 4,704 call options.

Insider Buying and Selling at Coeur Mining

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Merit Financial Group LLC boosted its stake in Coeur Mining by 5.4% during the fourth quarter. Merit Financial Group LLC now owns 31,574 shares of the basic materials company’s stock valued at $181,000 after buying an additional 1,607 shares during the period. State of New Jersey Common Pension Fund D increased its position in shares of Coeur Mining by 0.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 315,190 shares of the basic materials company’s stock worth $1,803,000 after purchasing an additional 2,323 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in Coeur Mining by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 41,333 shares of the basic materials company’s stock valued at $236,000 after purchasing an additional 2,624 shares during the last quarter. Xponance Inc. lifted its position in Coeur Mining by 10.9% during the fourth quarter. Xponance Inc. now owns 28,712 shares of the basic materials company’s stock valued at $164,000 after purchasing an additional 2,811 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in Coeur Mining by 139.8% in 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 in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

CDE has been the topic of several recent research reports. TD Cowen upgraded Coeur Mining to a “strong-buy” rating in a report on Tuesday, March 11th. Raymond James upgraded shares of Coeur Mining from a “market perform” rating to an “outperform” rating and decreased their price target for the company from $8.75 to $8.25 in a research note on Friday, February 21st. TD Securities began coverage on shares of Coeur Mining in a research note on Tuesday, March 11th. They issued a “buy” rating and a $7.00 price objective on the stock. BMO Capital Markets started coverage on Coeur Mining in a research report on Tuesday, February 18th. They set an “outperform” rating and a $9.00 target price on the stock. Finally, Cormark upgraded shares of Coeur Mining to a “moderate buy” rating in a report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Coeur Mining has an average rating of “Buy” and a consensus target price of $8.05.

Coeur Mining Stock Performance

CDE traded up $0.28 during trading hours on Tuesday, hitting $6.71. The stock had a trading volume of 10,435,922 shares, compared to its average volume of 10,312,087. The stock has a market cap of $4.28 billion, a PE ratio of 55.96 and a beta of 1.51. Coeur Mining has a 1 year low of $2.98 and a 1 year high of $7.72. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The company’s fifty day simple moving average is $6.16 and its 200 day simple moving average is $6.35.

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

Coeur Mining Company Profile

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.