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

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

Other large investors have also recently made changes to their positions in the company. First Trust Advisors LP increased its stake in Agnico Eagle Mines by 5.2% in the fourth quarter. First Trust Advisors LP now owns 169,101 shares of the mining company's stock valued at $13,226,000 after purchasing an additional 8,394 shares during the period. Epoch Investment Partners Inc. increased its position in Agnico Eagle Mines by 16.7% in the 4th quarter. Epoch Investment Partners Inc. now owns 33,929 shares of the mining company's stock valued at $2,654,000 after acquiring an additional 4,844 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in Agnico Eagle Mines by 6.8% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 517,276 shares of the mining company's stock valued at $40,391,000 after acquiring an additional 33,107 shares during the last quarter. Marshall Wace LLP acquired a new stake in Agnico Eagle Mines during the 4th quarter worth approximately $422,000. Finally, Insigneo Advisory Services LLC grew its stake in shares of Agnico Eagle Mines by 7.0% in the 4th quarter. Insigneo Advisory Services LLC now owns 2,994 shares of the mining company's stock valued at $234,000 after purchasing an additional 197 shares during the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock traded down $3.77 during trading hours on Thursday, hitting $113.81. The stock had a trading volume of 1,771,271 shares, compared to its average volume of 2,432,619. Agnico Eagle Mines Limited has a 1-year low of $63.01 and a 1-year high of $126.76. The stock has a market capitalization of $57.28 billion, a price-to-earnings ratio of 30.09, a PEG ratio of 0.66 and a beta of 0.87. The stock's fifty day moving average is $107.30 and its two-hundred day moving average is $93.28. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.38 billion during the quarter, compared to analysts' expectations of $2.27 billion. During the same quarter in the previous year, the business posted $0.76 earnings per share. The firm's quarterly revenue was up 34.9% compared to the same quarter last year. As a group, analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.41%. The ex-dividend date is Monday, December 1st. Agnico Eagle Mines's payout ratio is 34.04%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. TD Securities decreased their price target on Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. Scotiabank restated an "outperform" rating on shares of Agnico Eagle Mines in a research note on Monday, April 14th. Stifel Canada upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Wednesday, March 19th. Bank of America lifted their price objective on Agnico Eagle Mines from $119.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, April 8th. Finally, BMO Capital Markets began coverage on Agnico Eagle Mines in a research note on Wednesday, April 16th. They set an "outperform" rating and a $181.00 target price for the company. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $124.40.

About Agnico Eagle Mines

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.