AlTi Global Inc. Acquires New Shares in Agnico Eagle Mines Limited (NYSE:AEM)

AlTi Global Inc. bought a new position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,353 shares of the mining company's stock, valued at approximately $1,053,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp raised its stake in Agnico Eagle Mines by 78.3% during the 4th quarter. Jones Financial Companies Lllp now owns 3,259 shares of the mining company's stock valued at $255,000 after buying an additional 1,431 shares during the last quarter. Caldwell Investment Management Ltd. grew its holdings 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 acquiring an additional 9,400 shares during the period. Forsta AP Fonden increased its position in Agnico Eagle Mines by 8.9% during the fourth quarter. Forsta AP Fonden now owns 195,100 shares of the mining company's stock valued at $15,256,000 after acquiring an additional 16,000 shares during the last quarter. Resonant Capital Advisors LLC bought a new position in Agnico Eagle Mines in the fourth quarter valued at about $208,000. Finally, US Bancorp DE boosted its position in Agnico Eagle Mines by 2.7% in 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 during the last quarter. Institutional investors own 68.34% of the company's stock.

Analyst Upgrades and Downgrades

AEM has been the subject of a number of research reports. UBS Group upped their target price on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Friday, April 11th. TD Securities reduced their price objective on Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. Scotiabank reissued an "outperform" rating on shares of Agnico Eagle Mines in a report on Monday, April 14th. Stifel Canada upgraded Agnico Eagle Mines to a "strong-buy" rating in a research report on Wednesday, March 19th. Finally, Jefferies Financial Group lifted their price objective 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 analysts have rated the stock with a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $124.40.

Agnico Eagle Mines Trading Down 1.5 %

AEM stock traded down $1.82 during mid-day trading on Wednesday, reaching $117.31. 3,156,571 shares of the stock traded hands, compared to its average volume of 2,468,586. Agnico Eagle Mines Limited has a one year low of $63.01 and a one year high of $126.76. The stock has a market capitalization of $59.04 billion, a PE ratio of 31.04, a PEG ratio of 0.66 and a beta of 0.54. 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 business has a 50-day moving average price of $108.68 and a two-hundred day moving average price of $94.24.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its quarterly earnings data 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 net margin of 22.88% and a return on equity of 10.45%. The business had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter last year, the firm earned $0.76 earnings per share. The firm's quarterly revenue was up 34.9% compared to the same quarter last year. Equities research analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

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 1.36%. The ex-dividend date of this dividend is Monday, December 1st. Agnico Eagle Mines's dividend payout ratio is currently 34.04%.

Agnico Eagle Mines Company 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.