Bayesian Capital Management LP Grows Position in Agnico Eagle Mines Limited (NYSE:AEM)

Bayesian Capital Management LP increased its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 504.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,900 shares of the mining company's stock after buying an additional 37,474 shares during the period. Bayesian Capital Management LP's holdings in Agnico Eagle Mines were worth $3,512,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp boosted its holdings in shares of 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 valued at $255,000 after purchasing an additional 1,431 shares during the period. Caldwell Investment Management Ltd. raised 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 valued at $6,812,000 after acquiring an additional 9,400 shares in the last quarter. Forsta AP Fonden lifted its stake in 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 acquiring an additional 16,000 shares during the period. Resonant Capital Advisors LLC bought a new position in Agnico Eagle Mines during the 4th quarter worth about $208,000. Finally, US Bancorp DE increased its position in Agnico Eagle Mines by 2.7% during the 4th quarter. US Bancorp DE now owns 6,770 shares of the mining company's stock valued at $529,000 after purchasing an additional 175 shares during the period. Institutional investors own 68.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Raymond James upped 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. TD Securities decreased their price target on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. UBS Group lifted their price objective on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a "neutral" rating in a research report on Friday, April 11th. Scotiabank restated an "outperform" rating on shares of Agnico Eagle Mines in a research note on Monday, April 14th. Finally, BMO Capital Markets assumed coverage on Agnico Eagle Mines in a research report on Wednesday, April 16th. They set an "outperform" rating and a $181.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $124.40.

Agnico Eagle Mines Stock Performance

Shares of Agnico Eagle Mines stock traded down $1.82 on Wednesday, reaching $117.31. 3,156,571 shares of the stock were exchanged, compared to its average volume of 2,471,067. The business has a 50 day moving average price of $109.10 and a two-hundred day moving average price of $94.40. The firm has a market capitalization of $59.04 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 0.66 and a beta of 0.54. Agnico Eagle Mines Limited has a twelve month low of $63.01 and a twelve month high of $126.76. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06.

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 EPS for the quarter, beating 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 net margin of 22.88% and a return on equity of 10.45%. The business's quarterly revenue was up 34.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.76 EPS. Analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.36%. The ex-dividend date is Monday, December 1st. Agnico Eagle Mines's payout ratio is 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.