Agnico Eagle Mines Limited (NYSE:AEM) Shares Acquired by Northern Trust Corp

Northern Trust Corp raised its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 66.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 419,827 shares of the mining company's stock after buying an additional 167,490 shares during the quarter. Northern Trust Corp owned about 0.08% of Agnico Eagle Mines worth $32,835,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Jones Financial Companies Lllp grew its stake in Agnico Eagle Mines by 78.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,259 shares of the mining company's stock worth $255,000 after purchasing an additional 1,431 shares during the period. Caldwell Investment Management Ltd. raised its stake in shares of Agnico Eagle Mines by 12.0% in the fourth quarter. Caldwell Investment Management Ltd. now owns 87,700 shares of the mining company's stock worth $6,812,000 after buying an additional 9,400 shares during the period. Forsta AP Fonden raised its stake in shares of Agnico Eagle Mines by 8.9% in the fourth quarter. Forsta AP Fonden now owns 195,100 shares of the mining company's stock worth $15,256,000 after buying an additional 16,000 shares during the period. Resonant Capital Advisors LLC purchased a new stake in shares of Agnico Eagle Mines during the fourth quarter worth about $208,000. Finally, US Bancorp DE grew its position in shares of Agnico Eagle Mines by 2.7% during the fourth quarter. US Bancorp DE now owns 6,770 shares of the mining company's stock worth $529,000 after purchasing an additional 175 shares in the last quarter. Institutional investors own 68.34% of the company's stock.

Wall Street Analyst Weigh In

AEM has been the subject of several research analyst reports. UBS Group raised their price target on Agnico Eagle Mines from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Friday, April 11th. BMO Capital Markets started coverage on Agnico Eagle Mines in a research report on Wednesday, April 16th. They set an "outperform" rating and a $181.00 target price for the company. StockNews.com lowered Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Scotiabank reaffirmed an "outperform" rating on shares of Agnico Eagle Mines in a research report on Monday, April 14th. Finally, Bank of America lifted their price target on Agnico Eagle Mines from $119.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $124.40.

Agnico Eagle Mines Trading Down 0.7%

Shares of AEM traded down $0.77 during midday trading on Friday, reaching $105.74. The company had a trading volume of 1,396,020 shares, compared to its average volume of 3,094,051. The firm has a 50 day simple moving average of $110.51 and a 200-day simple moving average of $95.30. Agnico Eagle Mines Limited has a 1-year low of $63.01 and a 1-year high of $126.75. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. The stock has a market cap of $53.22 billion, a PE ratio of 27.99, a price-to-earnings-growth ratio of 0.66 and a beta of 0.54.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.14. Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. The firm had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the prior year, the company earned $0.76 EPS. Agnico Eagle Mines's revenue was up 34.9% on a year-over-year basis. Research analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.51%. Agnico Eagle Mines's payout ratio is currently 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.