Empyrean Capital Partners LP Acquires 5,000 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Empyrean Capital Partners LP lifted its holdings in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 5.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 100,000 shares of the mining company's stock after purchasing an additional 5,000 shares during the quarter. Empyrean Capital Partners LP's holdings in Agnico Eagle Mines were worth $7,821,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of AEM. JCIC Asset Management Inc. bought a new stake in shares of Agnico Eagle Mines during the 4th quarter worth approximately $6,441,000. Miracle Mile Advisors LLC increased its position in Agnico Eagle Mines by 11.9% during the 4th quarter. Miracle Mile Advisors LLC now owns 3,281 shares of the mining company's stock worth $257,000 after buying an additional 348 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Agnico Eagle Mines in the fourth quarter worth $156,000. Pinnacle Wealth Management Group Inc. increased its position in shares of Agnico Eagle Mines by 0.5% in the fourth quarter. Pinnacle Wealth Management Group Inc. now owns 24,407 shares of the mining company's stock worth $1,909,000 after purchasing an additional 125 shares during the period. Finally, Rockland Trust Co. bought a new position in shares of Agnico Eagle Mines in the fourth quarter worth $308,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Up 2.1%

Shares of Agnico Eagle Mines stock traded up $2.38 on Friday, reaching $117.04. The company's stock had a trading volume of 2,383,999 shares, compared to its average volume of 2,469,412. The company has a market capitalization of $58.90 billion, a price-to-earnings ratio of 30.96, a P/E/G ratio of 0.66 and a beta of 0.54. The firm's fifty day simple moving average is $109.90 and its two-hundred day simple moving average is $94.88. Agnico Eagle Mines Limited has a 52 week low of $63.01 and a 52 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.

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

Agnico Eagle Mines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a $0.40 dividend. The ex-dividend date is Monday, December 1st. This represents a $1.60 annualized dividend and a dividend yield of 1.37%. Agnico Eagle Mines's payout ratio is 34.04%.

Analyst Upgrades and Downgrades

AEM has been the topic of several research analyst reports. Stifel Canada raised Agnico Eagle Mines to a "strong-buy" rating in a research note on Wednesday, March 19th. National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st. UBS Group lifted their target price on Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday, April 11th. Bank of America boosted their price objective on Agnico Eagle Mines from $119.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, April 8th. Finally, Citigroup boosted their price objective on Agnico Eagle Mines from $100.00 to $140.00 and gave the company a "buy" rating in a report on Monday, March 31st. Two investment 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 company. Based on data from MarketBeat, Agnico Eagle Mines currently has a consensus rating of "Buy" and an average price target of $124.40.

Agnico Eagle Mines 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.