Coeur Mining (NYSE:CDE) CEO Mitchell Krebs Sells 125,000 Shares

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 Krebs sold 125,000 shares of the firm's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $14.56, for a total value of $1,820,000.00. Following the sale, the chief executive officer directly owned 2,322,309 shares in the company, valued at approximately $33,812,819.04. The trade was a 5.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Coeur Mining Stock Down 0.9%

CDE stock traded down $0.14 during trading on Monday, reaching $14.54. 16,200,682 shares of the company traded hands, compared to its average volume of 16,418,389. Coeur Mining, Inc. has a 12 month low of $4.58 and a 12 month high of $14.93. The business has a 50 day simple moving average of $10.59 and a 200 day simple moving average of $8.12. The company has a market capitalization of $9.34 billion, a price-to-earnings ratio of 39.28 and a beta of 1.19. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.60 and a current ratio of 1.61.

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

Analyst Ratings Changes

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

Institutional Trading of Coeur Mining

Large investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. increased its position in shares of Coeur Mining by 150.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 215,707 shares of the basic materials company's stock worth $1,277,000 after purchasing an additional 129,574 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in Coeur Mining in the 1st quarter worth approximately $540,000. Allspring Global Investments Holdings LLC lifted its stake in Coeur Mining by 3,091.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,021,974 shares of the basic materials company's stock worth $6,050,000 after purchasing an additional 989,952 shares in the last quarter. Amalgamated Bank lifted its stake in Coeur Mining by 71.0% in the 1st quarter. Amalgamated Bank now owns 21,544 shares of the basic materials company's stock worth $128,000 after purchasing an additional 8,943 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in Coeur Mining in the 1st quarter valued at $813,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

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.

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