Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 18.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,235,707 shares of the mining company’s stock after selling 517,358 shares during the quarter. Dimensional Fund Advisors LP owned 0.45% of Agnico Eagle Mines worth $146,221,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FIL Ltd grew its holdings in Agnico Eagle Mines by 16.4% during the fourth quarter. FIL Ltd now owns 20,107,126 shares of the mining company’s stock worth $1,102,481,000 after acquiring an additional 2,831,794 shares during the period. TD Asset Management Inc raised its holdings in shares of Agnico Eagle Mines by 41.9% in the 4th quarter. TD Asset Management Inc now owns 4,274,964 shares of the mining company’s stock worth $235,535,000 after purchasing an additional 1,261,482 shares in the last quarter. Capital World Investors lifted its stake in Agnico Eagle Mines by 12.0% during the fourth quarter. Capital World Investors now owns 9,690,000 shares of the mining company’s stock valued at $531,284,000 after purchasing an additional 1,034,721 shares during the last quarter. Capital Wealth Planning LLC boosted its holdings in Agnico Eagle Mines by 62.3% during the first quarter. Capital Wealth Planning LLC now owns 2,620,345 shares of the mining company’s stock worth $156,304,000 after buying an additional 1,006,001 shares in the last quarter. Finally, National Bank of Canada FI grew its position in Agnico Eagle Mines by 27.9% in the first quarter. National Bank of Canada FI now owns 4,007,554 shares of the mining company’s stock worth $239,051,000 after buying an additional 874,920 shares during the last quarter. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Performance

Shares of NYSE AEM opened at $83.13 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.51 and a quick ratio of 0.76. Agnico Eagle Mines Limited has a one year low of $43.22 and a one year high of $84.65. The business’s 50-day moving average price is $78.17 and its two-hundred day moving average price is $68.94. The company has a market capitalization of $41.59 billion, a P/E ratio of 87.51, a price-to-earnings-growth ratio of 0.77 and a beta of 1.10.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its earnings results on Wednesday, July 31st. The mining company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.14. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Agnico Eagle Mines had a net margin of 8.44% and a return on equity of 7.16%. The company’s revenue was up 20.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.65 earnings per share. Analysts anticipate that Agnico Eagle Mines Limited will post 3.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on AEM shares. CIBC raised their price objective on Agnico Eagle Mines from $81.00 to $101.00 and gave the stock an “outperformer” rating in a research note on Wednesday, July 10th. TD Securities upped their price objective on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Jefferies Financial Group boosted their price target on shares of Agnico Eagle Mines from $59.00 to $66.00 and gave the company a “hold” rating in a report on Friday, July 12th. Royal Bank of Canada upped their price target on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Finally, BMO Capital Markets cut their target price on shares of Agnico Eagle Mines from $79.00 to $77.00 and set an “outperform” rating on the stock in a research note on Thursday, June 20th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.67.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.