Dimensional Fund Advisors LP boosted its stake in Agnico Eagle Mines Limited (NYSE:AEM – Get Rating) (TSE:AEM) by 4.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,846,918 shares of the mining company’s stock after buying an additional 82,873 shares during the period. Dimensional Fund Advisors LP owned 0.40% of Agnico Eagle Mines worth $96,024,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Belpointe Asset Management LLC increased its position in shares of Agnico Eagle Mines by 49.3% during the fourth quarter. Belpointe Asset Management LLC now owns 4,183 shares of the mining company’s stock valued at $217,000 after acquiring an additional 1,382 shares in the last quarter. Mint Tower Capital Management B.V. increased its position in shares of Agnico Eagle Mines by 100.0% during the third quarter. Mint Tower Capital Management B.V. now owns 4,000 shares of the mining company’s stock valued at $169,000 after acquiring an additional 2,000 shares in the last quarter. Fiera Capital Corp boosted its holdings in Agnico Eagle Mines by 397.9% in the fourth quarter. Fiera Capital Corp now owns 34,936 shares of the mining company’s stock worth $1,817,000 after purchasing an additional 27,919 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Agnico Eagle Mines by 79.2% in the fourth quarter. Russell Investments Group Ltd. now owns 642,279 shares of the mining company’s stock worth $33,369,000 after purchasing an additional 283,790 shares during the last quarter. Finally, Virtus ETF Advisers LLC boosted its holdings in Agnico Eagle Mines by 6.9% in the third quarter. Virtus ETF Advisers LLC now owns 30,319 shares of the mining company’s stock worth $1,280,000 after purchasing an additional 1,961 shares during the last quarter. 58.11% of the stock is currently owned by hedge funds and other institutional investors.
Agnico Eagle Mines Stock Performance
Shares of NYSE AEM opened at $53.47 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.07 and a current ratio of 2.32. The company has a market cap of $26.43 billion, a P/E ratio of 10.53, a P/E/G ratio of 24.96 and a beta of 0.81. The firm’s fifty day moving average is $55.03 and its two-hundred day moving average is $52.32. Agnico Eagle Mines Limited has a 52-week low of $36.69 and a 52-week high of $61.15.
Agnico Eagle Mines Dividend Announcement
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on AEM. Raymond James raised their target price on shares of Agnico Eagle Mines from $65.00 to $67.00 and gave the stock an “outperform” rating in a report on Tuesday, January 31st. TheStreet upgraded shares of Agnico Eagle Mines from a “c+” rating to a “b-” rating in a research note on Wednesday, January 25th. StockNews.com assumed coverage on shares of Agnico Eagle Mines in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Barclays lifted their price target on shares of Agnico Eagle Mines from $62.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, April 21st. Finally, Scotiabank assumed coverage on shares of Agnico Eagle Mines in a research note on Monday, April 3rd. They set an “outperform” rating on the stock. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Agnico Eagle Mines has an average rating of “Moderate Buy” and a consensus target price of $70.63.
About Agnico Eagle Mines
Agnico Eagle Mines Ltd. engages in the exploration and production of gold. It operates through the following segments: Northern Business, Southern Business, and Exploration. The Northern Business segment comprises of LaRonde mine, LaRonde Zone 5 mine, Lapa mine, Goldex mine, Meadowbank mine including the Amaruq deposit, Canadian Malartic joint operation, Meliadine project and Kittila mine.
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