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

Coeur Mining, Inc. (NYSE:CDE) was the target of some unusual options trading on Friday. Investors bought 40,720 call options on the stock. This is an increase of approximately 956% compared to the typical volume of 3,855 call options.

Wall Street Analyst Weigh In

Several brokerages recently commented on CDE. StockNews.com raised Coeur Mining from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Roth Mkm lowered their price target on Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a research note on Friday. BMO Capital Markets began coverage on Coeur Mining in a research note on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 price target for the company. Cantor Fitzgerald raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. Finally, Raymond James raised Coeur Mining from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $8.75 to $8.25 in a research note on Friday. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Coeur Mining currently has an average rating of “Buy” and a consensus price target of $8.31.

Institutional Investors Weigh In On Coeur Mining

A number of large investors have recently added to or reduced their stakes in the stock. CWM LLC lifted its holdings in shares of Coeur Mining by 93.2% during the third quarter. CWM LLC now owns 9,716 shares of the basic materials company’s stock worth $67,000 after buying an additional 4,686 shares during the last quarter. Creative Planning lifted its holdings in shares of Coeur Mining by 27.7% during the third quarter. Creative Planning now owns 41,046 shares of the basic materials company’s stock worth $282,000 after buying an additional 8,914 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Coeur Mining during the third quarter worth approximately $142,000. Assenagon Asset Management S.A. lifted its holdings in shares of Coeur Mining by 37.5% during the third quarter. Assenagon Asset Management S.A. now owns 437,322 shares of the basic materials company’s stock worth $3,009,000 after buying an additional 119,345 shares during the last quarter. Finally, Ballentine Partners LLC lifted its holdings in shares of Coeur Mining by 31.8% during the third quarter. Ballentine Partners LLC now owns 19,021 shares of the basic materials company’s stock worth $131,000 after buying an additional 4,586 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Stock Down 10.7 %

Shares of Coeur Mining stock opened at $5.45 on Friday. The stock has a market capitalization of $2.17 billion, a P/E ratio of 45.38 and a beta of 1.59. 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 stock has a 50 day moving average price of $6.31 and a two-hundred day moving average price of $6.40. Coeur Mining has a 12-month low of $2.42 and a 12-month high of $7.72.

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

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.