Axa S.A. Increases Position in Agnico Eagle Mines Limited (NYSE:AEM)

AXA S.A. lifted its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 31.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 441,061 shares of the mining company's stock after buying an additional 106,714 shares during the period. AXA S.A. owned 0.09% of Agnico Eagle Mines worth $34,495,000 at the end of the most recent reporting period.

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

Agnico Eagle Mines Trading Down 1.5 %

Shares of NYSE:AEM traded down $1.82 during trading on Wednesday, reaching $117.31. 3,156,571 shares of the company traded hands, compared to its average volume of 2,468,586. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines Limited has a 52-week low of $63.01 and a 52-week high of $126.76. The firm has a market capitalization of $59.04 billion, a price-to-earnings ratio of 31.04, a P/E/G ratio of 0.66 and a beta of 0.54. The business's fifty day moving average is $108.68 and its 200-day moving average is $94.24.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its quarterly earnings data on Thursday, April 24th. The mining company reported $1.53 earnings per share for the quarter, beating analysts' consensus estimates of $1.39 by $0.14. The company had revenue of $2.38 billion during the quarter, compared to analyst estimates 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 for the quarter was up 34.9% on a year-over-year basis. During the same quarter last year, the company earned $0.76 EPS. As a group, analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a $0.40 dividend. The ex-dividend date is Monday, December 1st. This represents a $1.60 annualized dividend and a dividend yield of 1.36%. Agnico Eagle Mines's dividend payout ratio (DPR) is 34.04%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AEM. Raymond James raised their target price on Agnico Eagle Mines from $105.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. UBS Group boosted 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. Jefferies Financial Group increased their target price on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a "hold" rating in a report on Tuesday, January 7th. Scotiabank reaffirmed an "outperform" rating on shares of Agnico Eagle Mines in a research report on Monday, April 14th. Finally, Cfra Research upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, April 25th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $124.40.

About Agnico Eagle Mines

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.