Agnico Eagle Mines Limited $AEM Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEMFree Report) (TSE:AEM) by 22.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,607,087 shares of the mining company’s stock after selling 457,174 shares during the quarter. Dimensional Fund Advisors LP owned 0.32% of Agnico Eagle Mines worth $270,877,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Brighton Jones LLC boosted its stake in Agnico Eagle Mines by 11.5% during the 4th quarter. Brighton Jones LLC now owns 3,216 shares of the mining company’s stock valued at $252,000 after acquiring an additional 331 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Agnico Eagle Mines by 36.4% in the 1st quarter. AQR Capital Management LLC now owns 19,829 shares of the mining company’s stock worth $2,150,000 after purchasing an additional 5,293 shares during the last quarter. Sivia Capital Partners LLC increased its position in shares of Agnico Eagle Mines by 57.2% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,188 shares of the mining company’s stock worth $379,000 after purchasing an additional 1,160 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Agnico Eagle Mines in the 2nd quarter valued at about $356,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Agnico Eagle Mines by 5.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 512,862 shares of the mining company’s stock valued at $60,995,000 after purchasing an additional 27,545 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

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Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Royal Bank Of Canada downgraded Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from $185.00 to $205.00 in a research note on Wednesday, December 10th. Scotiabank restated an “outperform” rating and set a $280.00 price objective on shares of Agnico Eagle Mines in a research note on Tuesday, February 17th. Canadian Imperial Bank of Commerce set a $296.00 target price on Agnico Eagle Mines and gave the stock an “outperform” rating in a report on Wednesday, February 4th. UBS Group reiterated a “neutral” rating and issued a $240.00 target price on shares of Agnico Eagle Mines in a research report on Friday, January 30th. Finally, Erste Group Bank upgraded Agnico Eagle Mines from a “hold” rating to a “buy” rating in a report on Thursday. Four equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $234.91.

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Agnico Eagle Mines Trading Down 0.3%

NYSE:AEM opened at $220.80 on Friday. The firm has a market capitalization of $110.63 billion, a P/E ratio of 24.86 and a beta of 0.61. The business has a 50 day simple moving average of $207.52 and a 200 day simple moving average of $178.04. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.02 and a quick ratio of 1.33. Agnico Eagle Mines Limited has a 12-month low of $94.77 and a 12-month high of $255.24.

Agnico Eagle Mines (NYSE:AEMGet Free Report) (TSE:AEM) last issued its earnings results on Thursday, February 12th. The mining company reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.13. Agnico Eagle Mines had a return on equity of 18.09% and a net margin of 37.47%.The firm had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same period last year, the company earned $1.26 earnings per share. The firm’s revenue for the quarter was up 60.3% on a year-over-year basis. Equities research analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be given a $0.45 dividend. The ex-dividend date is Monday, March 2nd. This represents a $1.80 annualized dividend and a yield of 0.8%. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.40. Agnico Eagle Mines’s payout ratio is 20.27%.

Agnico Eagle Mines Company Profile

(Free Report)

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.

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Institutional Ownership by Quarter for Agnico Eagle Mines (NYSE:AEM)

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