Caisse DE Depot ET Placement DU Quebec Increases Stock Position in Agnico Eagle Mines Limited (NYSE:AEM)

Caisse DE Depot ET Placement DU Quebec grew its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 304.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 913,936 shares of the mining company's stock after purchasing an additional 687,971 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.18% of Agnico Eagle Mines worth $71,465,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Versant Capital Management Inc purchased a new position in shares of Agnico Eagle Mines in the fourth quarter worth about $26,000. Smartleaf Asset Management LLC grew its position in shares of Agnico Eagle Mines by 859.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock valued at $28,000 after purchasing an additional 318 shares in the last quarter. Decker Retirement Planning Inc. purchased a new position in Agnico Eagle Mines during the fourth quarter worth approximately $29,000. Fifth Third Bancorp boosted its stake in Agnico Eagle Mines by 176.9% during the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company's stock worth $32,000 after buying an additional 260 shares during the last quarter. Finally, Duncker Streett & Co. Inc. grew its holdings 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. Hedge funds and other institutional investors own 68.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on AEM shares. TD Securities dropped their price objective 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. National Bank Financial upgraded Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, March 21st. Jefferies Financial Group upped their price target on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a "hold" rating in a research note on Tuesday, January 7th. Cfra Research raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, April 25th. Finally, Bank of America boosted their price target on shares of Agnico Eagle Mines from $119.00 to $142.00 and gave the company a "buy" rating in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $124.40.

Agnico Eagle Mines Stock Down 1.1 %

Shares of Agnico Eagle Mines stock traded down $1.35 during trading hours on Wednesday, hitting $117.78. The company had a trading volume of 1,327,776 shares, compared to its average volume of 3,024,684. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. The company's 50-day moving average is $108.68 and its two-hundred day moving average is $94.24. The company has a market cap of $59.28 billion, a P/E ratio of 31.16, a price-to-earnings-growth 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 $126.75.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share (EPS) 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 firm had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter last year, the business posted $0.76 EPS. The firm's quarterly revenue was up 34.9% compared to the same quarter last year. Analysts anticipate 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 declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend 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 presently 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.