XTX Topco Ltd Takes Position in Agnico Eagle Mines Limited (NYSE:AEM)

Key Points

• XTX Topco Ltd recently acquired 3,796 shares of Agnico Eagle Mines Limited, valued at approximately $412,000, during the first quarter of the year.
• Agnico Eagle Mines reported an earnings per share (EPS) of $1.94, exceeding analyst expectations, while its quarterly revenue increased by 35.6% year-over-year.
• The company also announced a dividend of $0.40 per share, equating to a significant yield of 136.0%, with a payout ratio of 27.21%.

XTX Topco Ltd bought a new position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,796 shares of the mining company's stock, valued at approximately $412,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Agnico Eagle Mines by 1.5% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,702 shares of the mining company's stock valued at $618,000 after purchasing an additional 85 shares during the period. Hexagon Capital Partners LLC boosted its stake in shares of Agnico Eagle Mines by 31.1% during the first quarter. Hexagon Capital Partners LLC now owns 367 shares of the mining company's stock valued at $40,000 after purchasing an additional 87 shares during the period. Benjamin Edwards Inc. boosted its stake in shares of Agnico Eagle Mines by 2.0% during 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. Laird Norton Wetherby Wealth Management LLC boosted its stake in shares of Agnico Eagle Mines by 1.8% during 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 purchasing an additional 120 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Agnico Eagle Mines by 19.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 774 shares of the mining company's stock valued at $84,000 after purchasing an additional 125 shares during the period. Hedge funds and other institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Stock Down 0.0%

AEM traded down $0.06 during trading on Tuesday, reaching $135.40. The stock had a trading volume of 1,744,744 shares, compared to its average volume of 2,979,764. The stock's 50 day moving average is $123.00 and its two-hundred day moving average is $112.28. The company has a current ratio of 2.03, a quick ratio of 1.16 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $68.08 billion, a price-to-earnings ratio of 23.03, a P/E/G ratio of 0.94 and a beta of 0.44. Agnico Eagle Mines Limited has a one year low of $75.17 and a one year high of $137.81.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its quarterly earnings data on Wednesday, July 30th. The mining company reported $1.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.11. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.46 billion. Agnico Eagle Mines had a return on equity of 13.79% and a net margin of 30.63%. The firm's quarterly revenue was up 35.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.07 earnings per share. As a group, analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.40 dividend. The ex-dividend date was Friday, May 30th. This represents a yield of 136.0%. Agnico Eagle Mines's dividend payout ratio is 27.21%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Cfra Research raised Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, April 25th. Scotiabank reissued an "outperform" rating on shares of Agnico Eagle Mines in a research note on Monday, April 14th. TD Securities raised Agnico Eagle Mines to a "strong-buy" rating in a research note on Thursday, July 17th. Royal Bank Of Canada raised their price target on Agnico Eagle Mines from $115.00 to $145.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Agnico Eagle Mines in a research note on Tuesday, June 24th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $136.90.

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.