Agnico Eagle Mines Limited (NYSE:AEM) is Guardian Capital LP's 5th Largest Position

Guardian Capital LP decreased its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,241,639 shares of the mining company's stock after selling 18,464 shares during the period. Agnico Eagle Mines accounts for 3.6% of Guardian Capital LP's investment portfolio, making the stock its 5th biggest holding. Guardian Capital LP owned 0.25% of Agnico Eagle Mines worth $97,090,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. Duncker Streett & Co. Inc. raised its position in Agnico Eagle Mines by 37.3% in the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock worth $32,000 after acquiring an additional 112 shares during the period. Pinnacle Wealth Management Group Inc. raised its holdings in shares of Agnico Eagle Mines by 0.5% in the 4th quarter. Pinnacle Wealth Management Group Inc. now owns 24,407 shares of the mining company's stock worth $1,909,000 after purchasing an additional 125 shares during the period. Diversify Wealth Management LLC lifted its stake in Agnico Eagle Mines by 2.1% in the fourth quarter. Diversify Wealth Management LLC now owns 6,753 shares of the mining company's stock valued at $569,000 after purchasing an additional 141 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in Agnico Eagle Mines by 24.5% in the fourth quarter. Quadrant Capital Group LLC now owns 787 shares of the mining company's stock valued at $62,000 after purchasing an additional 155 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Agnico Eagle Mines by 34.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the mining company's stock valued at $51,000 after purchasing an additional 165 shares during the period. Institutional investors own 68.34% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Bank of America upped their price target on Agnico Eagle Mines from $119.00 to $142.00 and gave the company a "buy" rating in a research report on Tuesday, April 8th. Raymond James increased their target price on shares of Agnico Eagle Mines from $105.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Royal Bank of Canada lifted their target price 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. National Bank Financial upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st. Finally, Stifel Canada upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Wednesday, March 19th. 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, Agnico Eagle Mines has an average rating of "Buy" and a consensus target price of $124.40.

Agnico Eagle Mines Price Performance

NYSE:AEM traded down $1.47 during trading hours on Friday, hitting $111.09. The stock had a trading volume of 4,221,079 shares, compared to its average volume of 2,451,927. The firm has a market capitalization of $55.91 billion, a price-to-earnings ratio of 29.39, a P/E/G ratio of 0.66 and a beta of 0.87. Agnico Eagle Mines Limited has a one year low of $63.01 and a one year high of $126.76. The company has a 50 day simple moving average of $107.88 and a two-hundred day simple moving average of $93.70. 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 posted its earnings results on Thursday, April 24th. The mining company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.39 by $0.14. The business had revenue of $2.38 billion during the quarter, compared to analysts' expectations of $2.27 billion. Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. The firm's revenue was up 34.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.76 earnings per share. Research analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Monday, December 1st. Agnico Eagle Mines's dividend payout ratio (DPR) is 34.04%.

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.