Dimensional Fund Advisors LP Raises Stock Holdings in Agnico Eagle Mines Limited $AEM

Dimensional Fund Advisors LP increased its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 6.6% in the first quarter, Holdings Channel.com reports. The fund owned 1,621,030 shares of the mining company’s stock after buying an additional 100,435 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Agnico Eagle Mines were worth $328,952,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Capital World Investors lifted its position in shares of Agnico Eagle Mines by 2.8% during the fourth quarter. Capital World Investors now owns 21,338,277 shares of the mining company’s stock worth $3,618,730,000 after purchasing an additional 572,473 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Agnico Eagle Mines by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 20,979,666 shares of the mining company’s stock worth $3,557,772,000 after purchasing an additional 309,717 shares during the last quarter. Van ECK Associates Corp increased its stake in Agnico Eagle Mines by 21.6% in the 4th quarter. Van ECK Associates Corp now owns 17,225,477 shares of the mining company’s stock worth $2,920,258,000 after buying an additional 3,062,705 shares during the period. TD Asset Management Inc increased its stake in Agnico Eagle Mines by 1.7% in the 4th quarter. TD Asset Management Inc now owns 9,665,456 shares of the mining company’s stock worth $1,641,239,000 after buying an additional 165,263 shares during the period. Finally, Mackenzie Financial Corp lifted its holdings in Agnico Eagle Mines by 4.0% during the 4th quarter. Mackenzie Financial Corp now owns 8,687,624 shares of the mining company’s stock valued at $1,489,509,000 after buying an additional 332,797 shares in the last quarter. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Up 3.8%

NYSE:AEM opened at $141.55 on Wednesday. The firm has a 50-day simple moving average of $163.09 and a 200-day simple moving average of $191.11. Agnico Eagle Mines Limited has a one year low of $122.32 and a one year high of $255.24. The firm has a market cap of $71.85 billion, a P/E ratio of 13.30, a P/E/G ratio of 1.84 and a beta of 0.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.18 and a current ratio of 3.15.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings data on Thursday, April 30th. The mining company reported $3.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.19 by $0.21. The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.96 billion. Agnico Eagle Mines had a net margin of 39.46% and a return on equity of 21.09%. The company’s quarterly revenue was up 66.1% on a year-over-year basis. During the same period last year, the firm earned $1.53 earnings per share. Equities analysts anticipate that Agnico Eagle Mines Limited will post 12.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AEM has been the subject of several research reports. Scotia lowered their price objective on shares of Agnico Eagle Mines from $280.00 to $278.00 and set a “sector outperform” rating for the company in a research report on Friday, July 3rd. Weiss Ratings downgraded shares of Agnico Eagle Mines from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Barclays lowered their price target on Agnico Eagle Mines from $210.00 to $188.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. Wall Street Zen cut Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, Canadian Imperial Bank of Commerce set a $285.00 price objective on Agnico Eagle Mines in a report on Thursday, July 16th. Twelve equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $230.00.

Trending Headlines about Agnico Eagle Mines

Here are the key news stories impacting Agnico Eagle Mines this week:

• Negative Sentiment: JPMorgan lowered its price target on Agnico Eagle Mines from $222 to $175 and kept a neutral rating, signaling less upside than before and pressuring investor expectations. Benzinga report on JPMorgan price target cut
• Negative Sentiment: Zacks added AEM to its Rank #5 “Strong Sell” list, which can weigh on the stock because it reflects weakening near-term earnings sentiment. Yahoo Finance/Zacks Strong Sell article
• Negative Sentiment: Another Zacks article repeated the Strong Sell designation, reinforcing the cautious analyst tone around AEM. Zacks Strong Sell article
• Neutral Sentiment: Separately, a Seeking Alpha piece argued Agnico Eagle remains undervalued and could benefit from its Finland expansion, highlighting long-term growth potential rather than a near-term catalyst. Seeking Alpha Agnico Eagle Finland expansion article
• Neutral Sentiment: Broader commentary on gold miners suggested the group may be undervalued relative to gold prices, but this was industry-wide and not specific to AEM’s immediate fundamentals. MarketBeat gold miners article

Agnico Eagle Mines Profile

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.