Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Makes New Investment in Agnico Eagle Mines Limited (NYSE:AEM)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,696 shares of the mining company's stock, valued at approximately $1,307,000. Agnico Eagle Mines makes up about 3.9% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s investment portfolio, making the stock its 5th largest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Benjamin Edwards Inc. grew its holdings in Agnico Eagle Mines by 2.0% in the fourth quarter. Benjamin Edwards Inc. now owns 5,472 shares of the mining company's stock valued at $428,000 after purchasing an additional 106 shares during the period. Duncker Streett & Co. Inc. lifted its position in shares of Agnico Eagle Mines by 37.3% during 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. Laird Norton Wetherby Wealth Management LLC grew its stake in Agnico Eagle Mines by 1.8% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,944 shares of the mining company's stock valued at $543,000 after acquiring an additional 120 shares during the period. Quadrant Capital Group LLC grew its stake in Agnico Eagle Mines by 24.5% in the 4th quarter. Quadrant Capital Group LLC now owns 787 shares of the mining company's stock valued at $62,000 after acquiring an additional 155 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Agnico Eagle Mines by 34.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the mining company's stock worth $51,000 after acquiring an additional 165 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AEM. UBS Group increased their price objective on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Friday, April 11th. Stifel Canada raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Wednesday, March 19th. TD Securities cut their price objective on Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. Scotiabank reissued an "outperform" rating on shares of Agnico Eagle Mines in a report on Monday, April 14th. Finally, BMO Capital Markets initiated coverage on Agnico Eagle Mines in a research note on Wednesday, April 16th. They issued an "outperform" rating and a $181.00 price target on the stock. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $124.40.

Agnico Eagle Mines Trading Down 1.1%

Agnico Eagle Mines stock traded down $1.26 during trading on Tuesday, reaching $116.36. 2,947,965 shares of the company were exchanged, compared to its average volume of 2,554,242. The stock's 50 day simple moving average is $111.88 and its two-hundred day simple moving average is $96.77. The company has a market capitalization of $58.56 billion, a P/E ratio of 30.78, a PEG ratio of 0.66 and a beta of 0.54. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. Agnico Eagle Mines Limited has a 52-week low of $63.01 and a 52-week high of $126.76.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted 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. The business had revenue of $2.38 billion for 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%. The company's quarterly revenue was up 34.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 EPS. On average, equities research analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a yield of 1.36%. Agnico Eagle Mines's dividend payout ratio is currently 34.04%.

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.