Coeur Mining Inc (NYSE:CDE) was the target of unusually large options trading activity on Thursday. Traders purchased 1,708 put options on the stock. This represents an increase of approximately 849% compared to the average volume of 180 put options.

In related news, VP Mark Spurbeck sold 15,000 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $7.42, for a total transaction of $111,300.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Peter C. Mitchell sold 10,000 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $7.67, for a total transaction of $76,700.00. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Virtu KCG Holdings LLC raised its stake in shares of Coeur Mining by 1.7% during the second quarter. Virtu KCG Holdings LLC now owns 34,538 shares of the basic materials company’s stock valued at $293,000 after acquiring an additional 569 shares during the last quarter. Suntrust Banks Inc. raised its stake in shares of Coeur Mining by 2.8% during the second quarter. Suntrust Banks Inc. now owns 22,566 shares of the basic materials company’s stock valued at $193,000 after acquiring an additional 619 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Coeur Mining by 0.7% during the second quarter. Principal Financial Group Inc. now owns 99,301 shares of the basic materials company’s stock valued at $852,000 after acquiring an additional 663 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of Coeur Mining by 0.8% during the second quarter. Nationwide Fund Advisors now owns 106,748 shares of the basic materials company’s stock valued at $916,000 after acquiring an additional 840 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Coeur Mining by 0.8% during the second quarter. The Manufacturers Life Insurance Company now owns 138,812 shares of the basic materials company’s stock valued at $1,191,000 after acquiring an additional 1,038 shares during the last quarter. 69.73% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have weighed in on CDE shares. Royal Bank of Canada set a $10.00 target price on shares of Coeur Mining and gave the company a “buy” rating in a research report on Tuesday, December 5th. Roth Capital cut their target price on shares of Coeur Mining from $12.50 to $10.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. BMO Capital Markets set a $12.00 target price on shares of Coeur Mining and gave the company a “buy” rating in a research report on Tuesday, November 14th. Noble Financial restated a “hold” rating on shares of Coeur Mining in a research report on Tuesday, October 31st. Finally, Zacks Investment Research upgraded shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $10.29.

Shares of Coeur Mining (NYSE CDE) opened at $8.55 on Friday. Coeur Mining has a 52-week low of $6.71 and a 52-week high of $12.30. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.68 and a quick ratio of 2.51.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, October 25th. The basic materials company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.17). Coeur Mining had a negative net margin of 2.41% and a negative return on equity of 1.37%. The company had revenue of $176.00 million during the quarter, compared to analyst estimates of $185.09 million. During the same quarter in the prior year, the business earned $0.23 EPS. The business’s quarterly revenue was up 1.5% on a year-over-year basis. sell-side analysts expect that Coeur Mining will post -0.05 EPS for the current year.

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Coeur Mining Company Profile

Coeur Mining, Inc is a gold and silver producer. The Company has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina. Its segments include Palmarejo, Rochester, Kensington, Wharf, San Bartolome mines, Coeur Capital and Other. The Palmarejo complex is located in the state of Chihuahua, Mexico.

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