PKO Investment Management Joint Stock Co Invests $14.36 Million in Agnico Eagle Mines Limited (NYSE:AEM)

PKO Investment Management Joint Stock Co bought a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 183,478 shares of the mining company's stock, valued at approximately $14,361,000. Agnico Eagle Mines makes up 1.8% of PKO Investment Management Joint Stock Co's investment portfolio, making the stock its 8th biggest holding.

Other institutional investors also recently bought and sold shares of the company. Benjamin Edwards Inc. lifted its position in shares of 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 acquiring an additional 106 shares in the last quarter. Duncker Streett & Co. Inc. lifted its position in shares of Agnico Eagle Mines by 37.3% in the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock valued at $32,000 after acquiring an additional 112 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its position in shares of Agnico Eagle Mines by 1.8% in the fourth 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 in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Agnico Eagle Mines by 24.5% in the fourth 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 in the last quarter. Finally, Headlands Technologies LLC lifted its position in shares of Agnico Eagle Mines by 12.4% in the fourth quarter. Headlands Technologies LLC now owns 1,529 shares of the mining company's stock valued at $120,000 after acquiring an additional 169 shares in the last quarter. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on AEM shares. Stifel Canada upgraded Agnico Eagle Mines to a "strong-buy" rating in a research report on Wednesday, March 19th. Cfra Research upgraded Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, April 25th. UBS Group upped their price target on Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a "neutral" rating in a research note on Friday, April 11th. Bank of America raised their target price 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, National Bank Financial upgraded Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st. Two 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. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $124.40.

Agnico Eagle Mines Stock Performance

Shares of NYSE AEM traded down $0.14 during trading hours on Friday, reaching $118.03. The stock had a trading volume of 2,614,738 shares, compared to its average volume of 2,560,371. The business's fifty day moving average is $112.90 and its two-hundred day moving average is $97.90. 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 has a market cap of $59.40 billion, a price-to-earnings ratio of 31.22, a PEG 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 $126.76.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its quarterly earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share for the quarter, beating 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 analysts' expectations of $2.27 billion. During the same period in the prior year, the business posted $0.76 earnings per share. The business's revenue was up 34.9% compared to the same quarter last year. As a group, research analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

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

Agnico Eagle Mines Company 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.