Parallax Volatility Advisers L.P. decreased its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 62.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,298 shares of the mining company's stock after selling 149,302 shares during the quarter. Parallax Volatility Advisers L.P.'s holdings in Agnico Eagle Mines were worth $7,062,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of AEM. Dauntless Investment Group LLC acquired a new stake in shares of Agnico Eagle Mines in the fourth quarter valued at about $348,000. Integrated Wealth Concepts LLC raised its stake in shares of Agnico Eagle Mines by 6.0% in the fourth quarter. Integrated Wealth Concepts LLC now owns 6,668 shares of the mining company's stock valued at $522,000 after purchasing an additional 379 shares in the last quarter. Coppell Advisory Solutions LLC lifted its holdings in shares of Agnico Eagle Mines by 235.0% during the 4th quarter. Coppell Advisory Solutions LLC now owns 469 shares of the mining company's stock worth $37,000 after acquiring an additional 329 shares during the period. Susquehanna Advisors Group Inc. acquired a new position in shares of Agnico Eagle Mines in the 4th quarter worth approximately $3,101,000. Finally, Hsbc Holdings PLC grew its holdings in shares of Agnico Eagle Mines by 26.8% in the 4th quarter. Hsbc Holdings PLC now owns 627,559 shares of the mining company's stock worth $49,048,000 after purchasing an additional 132,625 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
AEM has been the topic of several research analyst reports. TD Securities decreased their price target on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. National Bank Financial upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, March 21st. Cfra Research upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, April 25th. UBS Group upped their price objective on Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a "neutral" rating in a research report on Friday, April 11th. Finally, Jefferies Financial Group lifted their target price on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a "hold" rating in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, Agnico Eagle Mines has an average rating of "Buy" and a consensus price target of $124.40.
Check Out Our Latest Research Report on Agnico Eagle Mines
Agnico Eagle Mines Stock Performance
Agnico Eagle Mines stock traded down $4.49 during midday trading on Thursday, reaching $113.09. 2,316,131 shares of the company's stock were exchanged, compared to its average volume of 2,434,659. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86. The stock's 50-day simple moving average is $107.30 and its 200 day simple moving average is $93.28. The firm has a market cap of $56.92 billion, a price-to-earnings ratio of 29.94, a P/E/G ratio of 0.66 and a beta of 0.87. Agnico Eagle Mines Limited has a 52 week low of $63.01 and a 52 week high of $126.76.
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 for the quarter, topping analysts' consensus estimates 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 business had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same period in the previous year, the firm earned $0.76 EPS. The firm's revenue was up 34.9% compared to the same quarter last year. On average, analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.
Agnico Eagle Mines Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Monday, December 1st. Agnico Eagle Mines's dividend payout ratio is presently 34.04%.
About Agnico Eagle Mines
(
Free Report)
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.
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