10,264 Shares in Agnico Eagle Mines Limited $AEM Purchased by Clear Trail Advisors LLC

Key Points

• Clear Trail Advisors LLC acquired a new stake of 10,264 shares of Agnico Eagle in Q4, valued at approximately $1.74 million.
• Agnico Eagle reported strong quarterly results, posting $2.69 EPS versus $2.56 expected and revenue of $3.53 billion (up 60.3% year-over-year) with a net margin of 37.47%.
• The company raised its quarterly dividend to $0.45 (annualized $1.80) from $0.40, implying a yield of about 1.0% and a payout ratio near 20.3%.

Clear Trail Advisors LLC acquired a new stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 10,264 shares of the mining company's stock, valued at approximately $1,740,000.

Other institutional investors have also added to or reduced their stakes in the company. TD Waterhouse Canada Inc. raised its holdings in Agnico Eagle Mines by 13.4% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,133,384 shares of the mining company's stock valued at $192,951,000 after acquiring an additional 134,147 shares during the period. Ninety One UK Ltd boosted its holdings in shares of Agnico Eagle Mines by 386.5% in the third quarter. Ninety One UK Ltd now owns 188,189 shares of the mining company's stock worth $31,703,000 after acquiring an additional 149,506 shares during the period. Campbell & CO Investment Adviser LLC boosted its holdings in shares of Agnico Eagle Mines by 1,560.8% in the third quarter. Campbell & CO Investment Adviser LLC now owns 48,677 shares of the mining company's stock worth $8,205,000 after acquiring an additional 45,746 shares during the period. AustralianSuper Pty Ltd purchased a new position in shares of Agnico Eagle Mines in the third quarter valued at $23,958,000. Finally, TD Asset Management Inc raised its stake in shares of Agnico Eagle Mines by 1.5% during the 3rd quarter. TD Asset Management Inc now owns 9,500,193 shares of the mining company's stock valued at $1,600,436,000 after purchasing an additional 143,645 shares during the period. 68.34% of the stock is owned by hedge funds and other institutional investors.

Agnico Eagle Mines Stock Up 2.5%

Shares of NYSE:AEM opened at $183.53 on Tuesday. Agnico Eagle Mines Limited has a 52-week low of $94.77 and a 52-week high of $255.24. The firm has a fifty day moving average of $213.56 and a 200 day moving average of $183.63. The firm has a market capitalization of $91.95 billion, a PE ratio of 20.67 and a beta of 0.61. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 2.02.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its quarterly earnings results on Thursday, February 12th. The mining company reported $2.69 EPS for the quarter, beating analysts' consensus estimates of $2.56 by $0.13. Agnico Eagle Mines had a net margin of 37.47% and a return on equity of 18.09%. The business had revenue of $3.53 billion for the quarter, compared to analysts' expectations of $3.40 billion. During the same period last year, the business earned $1.26 earnings per share. The business's quarterly revenue was up 60.3% on a year-over-year basis. As a group, research analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.0%. This is an increase from Agnico Eagle Mines's previous quarterly dividend of $0.40. The ex-dividend date was Monday, March 2nd. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 20.27%.

Analyst Ratings Changes

AEM has been the topic of a number of recent research reports. Erste Group Bank raised Agnico Eagle Mines from a "hold" rating to a "buy" rating in a report on Thursday, March 5th. Zacks Research upgraded Agnico Eagle Mines from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 27th. JPMorgan Chase & Co. lowered their price target on shares of Agnico Eagle Mines from $248.00 to $235.00 and set a "neutral" rating on the stock in a report on Wednesday, February 18th. Citigroup boosted their price objective on shares of Agnico Eagle Mines from $198.00 to $256.00 and gave the company a "buy" rating in a research note on Thursday, January 15th. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $225.00 target price on shares of Agnico Eagle Mines in a report on Wednesday, January 14th. Three analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $234.91.

Agnico Eagle Mines Profile

Agnico Eagle Mines Limited NYSE: AEM is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.

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