Dimensional Fund Advisors LP Increases Stake in Coeur Mining, Inc. (NYSE:CDE)

Dimensional Fund Advisors LP lifted its position in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,157,325 shares of the basic materials company's stock after purchasing an additional 282,885 shares during the period. Dimensional Fund Advisors LP owned 4.30% of Coeur Mining worth $98,137,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of CDE. First Trust Advisors LP boosted its position in shares of Coeur Mining by 5,955.9% during the 4th quarter. First Trust Advisors LP now owns 812,272 shares of the basic materials company's stock worth $4,646,000 after acquiring an additional 798,859 shares in the last quarter. Forum Financial Management LP raised its position in shares of Coeur Mining by 58.2% during the fourth quarter. Forum Financial Management LP now owns 18,699 shares of the basic materials company's stock worth $107,000 after acquiring an additional 6,879 shares during the last quarter. Farringdon Capital Ltd. acquired a new position in shares of Coeur Mining in the 4th quarter worth approximately $135,000. Zacks Investment Management bought a new position in shares of Coeur Mining in the 4th quarter worth about $745,000. Finally, Marshall Wace LLP boosted its holdings in shares of Coeur Mining by 12,934.3% during the 4th quarter. Marshall Wace LLP now owns 2,971,679 shares of the basic materials company's stock worth $16,998,000 after buying an additional 2,948,880 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company's stock.

Insider Transactions at Coeur Mining

In other news, CFO Thomas S. Whelan purchased 10,000 shares of Coeur Mining stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average cost of $5.25 per share, with a total value of $52,500.00. Following the completion of the purchase, the chief financial officer now directly owns 668,450 shares in the company, valued at approximately $3,509,362.50. This trade represents a 1.52 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CDE. TD Cowen raised Coeur Mining to a "strong-buy" rating in a research report on Tuesday, March 11th. TD Securities started coverage on shares of Coeur Mining in a research report on Tuesday, March 11th. They set a "buy" rating and a $7.00 price target for the company. Roth Mkm cut their price target on Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a research note on Friday, February 21st. Raymond James reiterated an "outperform" rating and set a $8.50 price objective on shares of Coeur Mining in a research note on Wednesday, April 2nd. Finally, BMO Capital Markets initiated coverage on Coeur Mining in a research report on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Coeur Mining currently has a consensus rating of "Buy" and a consensus target price of $8.10.

Coeur Mining Trading Down 1.9 %

Shares of Coeur Mining stock traded down $0.10 during trading on Friday, reaching $5.30. The company's stock had a trading volume of 5,976,177 shares, compared to its average volume of 18,458,055. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 44.15 and a beta of 1.35. Coeur Mining, Inc. has a 52-week low of $4.57 and a 52-week high of $7.72. The firm's 50-day moving average is $5.71 and its two-hundred day moving average is $6.19. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. The firm had revenue of $305.40 million during the quarter, compared to the consensus estimate of $314.32 million. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. On average, sell-side analysts anticipate that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

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.