Insider Selling: Coeur Mining (NYSE:CDE) CEO Sells 125,000 Shares of Stock

Key Points

• Coeur Mining's CEO Mitchell Krebs sold 125,000 shares of the company's stock at an average price of $14.65, totaling over $1.8 million, which reduced his ownership stake by 5.38%.
• Following the CEO's stock sale, Coeur Mining's share price decreased 0.9% to $14.54, with a market cap of $9.34 billion and a notable P/E ratio of 39.28.
• Recent earnings results showed Coeur Mining reporting $0.20 EPS, exceeding analysts' expectations of $0.18, alongside a revenue increase of 116.5% year-over-year.

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) CEO Mitchell Krebs sold 125,000 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $14.65, for a total value of $1,831,250.00. Following the completion of the transaction, the chief executive officer owned 2,197,309 shares of the company's stock, valued at approximately $32,190,576.85. The trade was a 5.38% decrease in their position. The transaction was disclosed in a document filed 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 on Monday, reaching $14.54. 16,200,682 shares of the company traded hands, compared to its average volume of 16,418,389. The company has a market cap of $9.34 billion, a P/E ratio of 39.28 and a beta of 1.19. The firm has a fifty day simple moving average of $10.59 and a 200-day simple moving average of $8.12. Coeur Mining, Inc. has a one year low of $4.58 and a one year high of $14.93. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.61 and a quick ratio of 0.60.

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

Analysts Set New Price Targets

Several research firms recently weighed in on CDE. National Bankshares set a $12.00 target price on Coeur Mining in a research report on Friday, June 13th. National Bank Financial raised Coeur Mining to a "strong-buy" rating in a research note on Thursday, June 12th. BMO Capital Markets boosted their price target on Coeur Mining from $11.00 to $12.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Zacks Research raised Coeur Mining to a "hold" rating in a research report on Tuesday, August 12th. Finally, Roth Capital reaffirmed a "buy" rating and set a $13.00 price target on shares of Coeur Mining in a research report on Thursday, August 7th. Three 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 company. According to MarketBeat.com, Coeur Mining presently has an average rating of "Buy" and a consensus price target of $9.79.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CDE. MAI Capital Management acquired a new stake in shares of Coeur Mining in the first quarter valued at approximately $25,000. Summer Road LLC acquired a new stake in Coeur Mining during the 1st quarter valued at $28,000. EverSource Wealth Advisors LLC grew its holdings in Coeur Mining by 74.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company's stock worth $30,000 after acquiring an additional 1,435 shares in the last quarter. City State Bank lifted its position in shares of Coeur Mining by 56.9% in the 1st quarter. City State Bank now owns 6,274 shares of the basic materials company's stock worth $37,000 after buying an additional 2,274 shares during the last quarter. Finally, Luminist Capital LLC bought a new stake in Coeur Mining in the 2nd quarter valued at about $40,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

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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