Mitchell J. Krebs Sells 125,000 Shares of Coeur Mining (NYSE:CDE) Stock

Key Points

• Mitchell Krebs, CEO of Coeur Mining, sold 125,000 shares of the company's stock for $1.82 million, reducing his ownership to 2.32 million shares.
• The stock price of Coeur Mining decreased by 0.9% to $14.54, amidst a trading volume of over 16 million shares.
• Coeur Mining's latest quarterly results showed a 116.5% increase in revenue year-over-year, with an earnings per share of $0.20, surpassing analyst expectations.

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) CEO Mitchell J. Krebs sold 125,000 shares of the company's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $14.56, for a total transaction of $1,820,000.00. Following the completion of the sale, the chief executive officer directly owned 2,322,309 shares of the company's stock, valued at $33,812,819.04. The trade was a 5.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Coeur Mining Stock Up 1.1%

Shares of CDE traded up $0.17 during mid-day trading on Friday, hitting $15.54. The company's stock had a trading volume of 12,333,795 shares, compared to its average volume of 13,318,498. The company's 50-day moving average is $11.19 and its 200-day moving average is $8.44. Coeur Mining, Inc. has a 52-week low of $4.58 and a 52-week high of $15.75. The firm has a market capitalization of $9.99 billion, a price-to-earnings ratio of 42.01 and a beta of 1.19. The company has a current ratio of 1.61, a quick ratio of 0.60 and a debt-to-equity ratio of 0.12.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.02. The firm had revenue of $480.65 million during the quarter, compared to analysts' expectations of $438.40 million. Coeur Mining had a net margin of 13.06% and a return on equity of 14.38%. The company's revenue was up 116.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.01) EPS. On average, equities research analysts forecast that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Institutional Trading of Coeur Mining

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its position in Coeur Mining by 74.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company's stock valued at $30,000 after buying an additional 1,435 shares during the period. MAI Capital Management acquired a new stake in Coeur Mining during the first quarter valued at $25,000. Luminist Capital LLC acquired a new stake in shares of Coeur Mining in the second quarter valued at about $40,000. Summer Road LLC acquired a new stake in shares of Coeur Mining in the first quarter valued at about $28,000. Finally, City State Bank grew its position in shares of Coeur Mining by 56.9% in the first quarter. City State Bank now owns 6,274 shares of the basic materials company's stock valued at $37,000 after purchasing an additional 2,274 shares during the period. Institutional investors and hedge funds own 63.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CDE. BMO Capital Markets raised their target price on shares of Coeur Mining from $11.00 to $12.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. National Bank Financial upgraded shares of Coeur Mining to a "strong-buy" rating in a research note on Thursday, June 12th. National Bankshares set a $12.00 price objective on shares of Coeur Mining in a research note on Friday, June 13th. Zacks Research upgraded shares of Coeur Mining to a "hold" rating in a research note on Tuesday, August 12th. Finally, Roth Capital reiterated a "buy" rating and issued a $13.00 price objective on shares of Coeur Mining in a research note on Thursday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Coeur Mining has an average rating of "Buy" and a consensus price target of $9.79.

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.