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

Dimensional Fund Advisors LP increased its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 19.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,745,423 shares of the mining company's stock after purchasing an additional 451,814 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.55% of Agnico Eagle Mines worth $150,588,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of AEM. Van ECK Associates Corp raised its position in shares of Agnico Eagle Mines by 9.5% in the fourth quarter. Van ECK Associates Corp now owns 23,059,010 shares of the mining company's stock valued at $1,264,791,000 after purchasing an additional 1,995,127 shares during the period. Vanguard Group Inc. raised its position in shares of Agnico Eagle Mines by 1.6% in the third quarter. Vanguard Group Inc. now owns 17,224,538 shares of the mining company's stock worth $782,855,000 after buying an additional 278,647 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Agnico Eagle Mines by 1.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 13,794,968 shares of the mining company's stock valued at $626,981,000 after buying an additional 152,166 shares during the period. Mackenzie Financial Corp grew its position in Agnico Eagle Mines by 0.4% during the fourth quarter. Mackenzie Financial Corp now owns 9,811,207 shares of the mining company's stock worth $538,193,000 after buying an additional 41,068 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Agnico Eagle Mines by 8.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 8,380,993 shares of the mining company's stock worth $383,555,000 after acquiring an additional 665,356 shares during the last quarter. Hedge funds and other institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Trading Up 1.9 %

Agnico Eagle Mines stock traded up $1.30 during mid-day trading on Friday, hitting $70.11. The company's stock had a trading volume of 2,642,339 shares, compared to its average volume of 2,821,587. The business has a 50 day moving average price of $61.90 and a 200-day moving average price of $54.56. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.21 and a quick ratio of 0.88. Agnico Eagle Mines Limited has a 12 month low of $43.22 and a 12 month high of $70.37. The stock has a market cap of $35.01 billion, a price-to-earnings ratio of 73.80, a price-to-earnings-growth ratio of 0.81 and a beta of 1.04.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its earnings results on Thursday, April 25th. The mining company reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.16. Agnico Eagle Mines had a return on equity of 6.09% and a net margin of 6.79%. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the previous year, the company posted $0.57 EPS. Agnico Eagle Mines's revenue for the quarter was up 21.2% on a year-over-year basis. As a group, analysts forecast that Agnico Eagle Mines Limited will post 3.17 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AEM. Citigroup lifted their price target on Agnico Eagle Mines from $65.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday, April 30th. National Bank Financial reissued an "outperform overweight" rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. Jefferies Financial Group raised their price objective on shares of Agnico Eagle Mines from $54.00 to $57.00 and gave the company a "hold" rating in a research report on Monday, April 22nd. CIBC upped their target price on shares of Agnico Eagle Mines from $80.00 to $81.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 30th. Finally, TD Securities raised their price target on Agnico Eagle Mines from $74.00 to $78.00 and gave the company a "buy" rating in a research report on Tuesday, April 30th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $69.63.

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.