337,855 Shares in Agnico Eagle Mines Limited (NYSE:AEM) Acquired by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA bought a new stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 337,855 shares of the mining company's stock, valued at approximately $36,600,000. Compagnie Lombard Odier SCmA owned 0.07% of Agnico Eagle Mines at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its stake in Agnico Eagle Mines by 859.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock valued at $28,000 after acquiring an additional 318 shares during the period. Duncker Streett & Co. Inc. grew its stake in 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 during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Agnico Eagle Mines during the fourth quarter worth about $34,000. Coppell Advisory Solutions LLC boosted its position in shares of Agnico Eagle Mines by 235.0% during the fourth quarter. Coppell Advisory Solutions LLC now owns 469 shares of the mining company's stock worth $37,000 after buying an additional 329 shares during the period. Finally, Montag A & Associates Inc. boosted its position in shares of Agnico Eagle Mines by 85.2% during the fourth quarter. Montag A & Associates Inc. now owns 500 shares of the mining company's stock worth $39,000 after buying an additional 230 shares during the period. 68.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AEM. Cfra Research raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, April 25th. Bank of America upped their price objective on Agnico Eagle Mines from $119.00 to $142.00 and gave the stock a "buy" rating in a research report on Tuesday, April 8th. Royal Bank of Canada upped their price objective on Agnico Eagle Mines from $115.00 to $145.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. TD Securities reduced their price objective on Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Finally, BMO Capital Markets began coverage on Agnico Eagle Mines in a research report on Wednesday, April 16th. They set 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $127.40.

Agnico Eagle Mines Stock Performance

NYSE:AEM traded up $2.42 on Friday, hitting $124.51. The company's stock had a trading volume of 2,989,145 shares, compared to its average volume of 2,571,992. Agnico Eagle Mines Limited has a one year low of $63.43 and a one year high of $126.76. The stock has a fifty day moving average of $116.10 and a two-hundred day moving average of $100.38. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $62.68 billion, a P/E ratio of 32.94, a price-to-earnings-growth ratio of 0.66 and a beta of 0.51.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.14. The business had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.27 billion. Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. The firm's quarterly revenue was up 34.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.76 earnings per share. Research analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.40 per share. This represents a yield of 1.36%. The ex-dividend date is Friday, May 30th. 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.