BLI Banque de Luxembourg Investments Acquires Shares of 300,000 Agnico Eagle Mines Limited (NYSE:AEM)

BLI Banque de Luxembourg Investments purchased a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 300,000 shares of the mining company's stock, valued at approximately $23,462,000. BLI Banque de Luxembourg Investments owned about 0.06% of Agnico Eagle Mines as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Van ECK Associates Corp raised its stake in shares of Agnico Eagle Mines by 3.6% in the fourth quarter. Van ECK Associates Corp now owns 22,322,859 shares of the mining company's stock worth $1,745,858,000 after purchasing an additional 778,919 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Agnico Eagle Mines by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 19,865,285 shares of the mining company's stock worth $1,554,180,000 after acquiring an additional 331,087 shares during the period. Capital World Investors increased its stake in shares of Agnico Eagle Mines by 41.9% in the 4th quarter. Capital World Investors now owns 13,952,061 shares of the mining company's stock valued at $1,091,550,000 after purchasing an additional 4,121,164 shares in the last quarter. Norges Bank purchased a new position in Agnico Eagle Mines during the fourth quarter worth approximately $573,446,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Agnico Eagle Mines by 81.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,051,473 shares of the mining company's stock valued at $551,339,000 after buying an additional 3,155,927 shares in the last quarter. Hedge funds and other institutional investors own 68.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. UBS Group lifted their price target on Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a "neutral" rating in a research note on Friday, April 11th. TD Securities cut 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 report on Wednesday, February 19th. Royal Bank of Canada increased their price objective on Agnico Eagle Mines from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Citigroup upped their target price on shares of Agnico Eagle Mines from $100.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, March 31st. Finally, Raymond James lifted their price objective on Agnico Eagle Mines from $105.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $124.40.

Agnico Eagle Mines Stock Down 1.5 %

NYSE AEM traded down $1.82 on Wednesday, hitting $117.31. 3,156,571 shares of the stock were exchanged, compared to its average volume of 2,471,067. Agnico Eagle Mines Limited has a fifty-two week low of $63.01 and a fifty-two week 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. The company has a market cap 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 50-day moving average price of $108.68 and a 200-day moving average price of $94.24.

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 the consensus estimate of $1.39 by $0.14. The firm had revenue of $2.38 billion during the quarter, compared to analysts' expectations 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 was up 34.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 earnings per share. Sell-side analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a dividend of $0.40 per share. 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 dividend payout ratio (DPR) is 34.04%.

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.