Insiders purchases in Coeur Mining, Inc. (NYSE:CDE) last year yet to pay off, remain down US$91k despite recent gains
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Insiders who bought US$233k worth of Coeur Mining, Inc. (NYSE:CDE) stock in the last year recovered part of their losses as the stock rose by 22% last week. However, the purchase is proving to be an expensive wager as insiders are yet to get ahead of their losses which currently stand at US$91k since the time of purchase.
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
View our latest analysis for Coeur Mining
The Last 12 Months Of Insider Transactions At Coeur Mining
In the last twelve months, the biggest single sale by an insider was when the insider, Hans Rasmussen, sold US$146k worth of shares at a price of US$7.30 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (US$3.21). So it may not tell us anything about how insiders feel about the current share price. Hans Rasmussen was the only individual insider to sell over the last year.
In the last twelve months insiders purchased 44.26k shares for US$233k. But insiders sold 20.00k shares worth US$146k. In total, Coeur Mining insiders bought more than they sold over the last year. They paid about US$5.27 on average. These transactions suggest that insiders have considered the current price attractive. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Coeur Mining is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Does Coeur Mining Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 1.6% of Coeur Mining shares, worth about US$15m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Coeur Mining Insiders?
There haven't been any insider transactions in the last three months -- that doesn't mean much. But insiders have shown more of an appetite for the stock, over the last year. 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.