Dimensional Fund Advisors LP Sells 5,576,318 Shares of Coeur Mining, Inc. $CDE

Dimensional Fund Advisors LP lowered its position in Coeur Mining, Inc. (NYSE:CDE) by 36.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,720,527 shares of the basic materials company’s stock after selling 5,576,318 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.51% of Coeur Mining worth $182,355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Covestor Ltd lifted its holdings in shares of Coeur Mining by 7,011.5% in the 3rd quarter. Covestor Ltd now owns 1,849 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 1,823 shares during the last quarter. Bogart Wealth LLC bought a new position in shares of Coeur Mining during the 3rd quarter valued at $62,000. EverSource Wealth Advisors LLC grew its holdings in shares of 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 valued at $30,000 after purchasing an additional 1,435 shares during the last quarter. Luminist Capital LLC purchased a new position in Coeur Mining in the 2nd quarter worth $40,000. Finally, MAI Capital Management raised its position in Coeur Mining by 36.4% in the 3rd quarter. MAI Capital Management now owns 5,704 shares of the basic materials company’s stock worth $107,000 after purchasing an additional 1,521 shares during the period. 63.01% of the stock is currently owned by institutional investors.

Coeur Mining Price Performance

Shares of Coeur Mining stock opened at $22.70 on Monday. The firm has a market cap of $14.58 billion, a PE ratio of 26.09 and a beta of 1.16. Coeur Mining, Inc. has a 12-month low of $4.58 and a 12-month high of $27.77. The company has a quick ratio of 1.66, a current ratio of 2.47 and a debt-to-equity ratio of 0.10. The company’s fifty day simple moving average is $22.30 and its two-hundred day simple moving average is $18.66.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.08). The firm had revenue of $674.85 million for the quarter, compared to the consensus estimate of $668.70 million. Coeur Mining had a net margin of 28.31% and a return on equity of 18.75%. The business’s revenue was up 120.9% on a year-over-year basis. During the same period last year, the company posted $0.11 earnings per share. As a group, equities analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

CDE has been the subject of several analyst reports. Zacks Research lowered shares of Coeur Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Royal Bank Of Canada lifted their price objective on Coeur Mining from $22.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. TD Cowen raised Coeur Mining to a “strong-buy” rating in a research note on Monday, December 1st. TD Securities increased their target price on Coeur Mining from $23.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Finally, Canaccord Genuity Group lowered Coeur Mining from a “buy” rating to a “hold” rating in a research report on Friday, February 20th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $20.88.

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.