Dimensional Fund Advisors LP Purchases 3,291,431 Shares of Coeur Mining, Inc. $CDE

Dimensional Fund Advisors LP grew its position in Coeur Mining, Inc. (NYSE:CDE) by 34.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,872,677 shares of the basic materials company’s stock after buying an additional 3,291,431 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Coeur Mining were worth $241,484,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CDE. AQR Capital Management LLC raised its position in Coeur Mining by 60.2% during the first quarter. AQR Capital Management LLC now owns 748,907 shares of the basic materials company’s stock valued at $4,434,000 after purchasing an additional 281,489 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Coeur Mining by 18.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company’s stock valued at $49,449,000 after purchasing an additional 1,278,110 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Coeur Mining by 122.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,431,244 shares of the basic materials company’s stock valued at $14,393,000 after purchasing an additional 1,339,138 shares during the last quarter. Focus Partners Wealth bought a new position in shares of Coeur Mining in the 1st quarter valued at $60,000. Finally, Intech Investment Management LLC raised its holdings in shares of Coeur Mining by 58.4% during the 1st quarter. Intech Investment Management LLC now owns 269,203 shares of the basic materials company’s stock worth $1,594,000 after buying an additional 99,256 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wall Street Zen downgraded Coeur Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Canaccord Genuity Group upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Wednesday, April 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Coeur Mining in a research report on Wednesday, June 24th. Zacks Research downgraded shares of Coeur Mining from a “hold” rating to a “strong sell” rating in a research note on Friday, July 10th. Finally, Roth Capital restated a “buy” rating and issued a $25.00 target price on shares of Coeur Mining in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Coeur Mining has a consensus rating of “Moderate Buy” and an average target price of $26.39.

Coeur Mining Trading Down 3.9%

Shares of CDE stock opened at $15.22 on Friday. Coeur Mining, Inc. has a twelve month low of $8.56 and a twelve month high of $27.77. The stock’s fifty day simple moving average is $16.85 and its 200 day simple moving average is $19.53. The company has a quick ratio of 2.14, a current ratio of 3.73 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $15.75 billion, a P/E ratio of 13.13 and a beta of 1.29.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The firm had revenue of $856.19 million for the quarter, compared to analyst estimates of $815.59 million. Coeur Mining had a net margin of 31.15% and a return on equity of 15.38%. The business’s revenue for the quarter was up 137.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.11 earnings per share. As a group, sell-side analysts predict that Coeur Mining, Inc. will post 1.25 EPS for the current fiscal year.

Coeur Mining Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a dividend yield of 23.0%. Coeur Mining’s dividend payout ratio (DPR) is presently 3.45%.

Insider Activity

In other news, CAO Kenneth J. Watkinson sold 39,000 shares of Coeur Mining stock in a transaction on Monday, June 1st. The shares were sold at an average price of $18.60, for a total transaction of $725,400.00. Following the transaction, the chief accounting officer owned 77,204 shares in the company, valued at approximately $1,435,994.40. The trade was a 33.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.90% of the company’s stock.

About Coeur Mining

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.