Yahoo Finance Coeur Mining, Inc. (NYSE:CDE) insiders recover some losses but still US$17k away from matching original investment
Insiders who purchased US$119k worth of Coeur Mining, Inc. (NYSE:CDE) shares over the past year recouped some of their losses after price gained 9.5% last week. However, total losses seen by insiders are still US$17k since the time of purchase.
Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.
View our latest analysis for Coeur Mining
Coeur Mining Insider Transactions Over The Last Year
The Senior VP & COO Michael Routledge made the biggest insider purchase in the last 12 months. That single transaction was for US$50k worth of shares at a price of US$4.26 each. That means that an insider was happy to buy shares at above the current price of US$3.68. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. To us, it's very important to consider the price insiders pay for shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
In the last twelve months Coeur Mining insiders were buying shares, but not selling. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Does Coeur Mining Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 1.5% of Coeur Mining shares, worth about US$17m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Coeur Mining Insiders?
It doesn't really mean much that no insider has traded Coeur Mining shares in the last quarter. On a brighter note, the transactions over the last year are encouraging. Insiders do have a stake in Coeur Mining and their transactions don't cause us concern. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Every company has risks, and we've spotted 2 warning signs for Coeur Mining (of which 1 is concerning!) you should know about.
Of course Coeur Mining may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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