Dimensional Fund Advisors LP Has $139.80 Million Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Dimensional Fund Advisors LP cut its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 17.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,787,460 shares of the mining company's stock after selling 372,598 shares during the quarter. Dimensional Fund Advisors LP owned about 0.36% of Agnico Eagle Mines worth $139,795,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new position in Agnico Eagle Mines during the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC boosted its stake in Agnico Eagle Mines by 859.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock valued at $28,000 after purchasing an additional 318 shares during the period. Decker Retirement Planning Inc. acquired a new position in Agnico Eagle Mines during the 4th quarter valued at about $29,000. Fifth Third Bancorp boosted its stake in Agnico Eagle Mines by 176.9% during the 4th quarter. Fifth Third Bancorp now owns 407 shares of the mining company's stock valued at $32,000 after purchasing an additional 260 shares during the period. Finally, Duncker Streett & Co. Inc. boosted its stake in Agnico Eagle Mines by 37.3% during the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock valued at $32,000 after purchasing an additional 112 shares during the period. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Price Performance

Shares of NYSE AEM traded down $2.69 during midday trading on Tuesday, reaching $116.33. The company's stock had a trading volume of 2,826,696 shares, compared to its average volume of 2,436,833. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The company has a 50 day moving average price of $106.50 and a 200 day moving average price of $92.95. Agnico Eagle Mines Limited has a one year low of $63.01 and a one year high of $126.76. The company has a market cap of $58.54 billion, a price-to-earnings ratio of 30.78, a price-to-earnings-growth ratio of 0.66 and a beta of 0.87.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.14. Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. The business had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the previous year, the business earned $0.76 earnings per share. The firm's revenue was up 34.9% compared to the same quarter last year. On average, equities research analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.38%. Agnico Eagle Mines's dividend payout ratio is currently 34.04%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AEM. TD Securities reduced their target price on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. StockNews.com lowered shares of Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. Royal Bank of Canada upped their price target on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Citigroup upped their price target on shares of Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, March 31st. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Agnico Eagle Mines in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, Agnico Eagle Mines presently has an average rating of "Buy" and a consensus price target of $124.40.

Agnico Eagle Mines 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.