CoreCommodity Management LLC Has $2.65 Million Stock Position in Agnico Eagle Mines Limited (NYSE:AEM)

CoreCommodity Management LLC boosted its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 12.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,933 shares of the mining company's stock after acquiring an additional 3,808 shares during the quarter. CoreCommodity Management LLC's holdings in Agnico Eagle Mines were worth $2,653,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on AEM. Citigroup raised their price target on Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, March 31st. Cfra Research upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, April 25th. Royal Bank of Canada increased their price target on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. National Bank Financial raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st. Finally, BMO Capital Markets assumed coverage on shares of Agnico Eagle Mines in a report on Wednesday, April 16th. They issued an "outperform" rating and a $181.00 price objective for the company. 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. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $124.40.

Agnico Eagle Mines Trading Up 4.4 %

Agnico Eagle Mines stock opened at $119.28 on Wednesday. The business's 50-day simple moving average is $108.68 and its 200-day simple moving average is $94.24. 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 $60.03 billion, a PE ratio of 31.56, 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.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its quarterly earnings results on Thursday, April 24th. The mining company reported $1.53 EPS for the quarter, topping the consensus estimate 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 company had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the previous year, the business posted $0.76 EPS. The company's revenue for the quarter was up 34.9% on a year-over-year basis. Equities research analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, December 1st. This represents a $1.60 annualized dividend and a yield of 1.34%. Agnico Eagle Mines's dividend payout ratio 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.

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