Two Sigma Advisers LP Acquires 50,622 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Two Sigma Advisers LP increased its position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 187.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 77,599 shares of the mining company's stock after buying an additional 50,622 shares during the quarter. Two Sigma Advisers LP's holdings in Agnico Eagle Mines were worth $6,069,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in AEM. Jones Financial Companies Lllp boosted its stake in shares of Agnico Eagle Mines by 78.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,259 shares of the mining company's stock valued at $255,000 after buying an additional 1,431 shares in the last quarter. Forsta AP Fonden raised its holdings in shares of Agnico Eagle Mines by 8.9% during the 4th quarter. Forsta AP Fonden now owns 195,100 shares of the mining company's stock valued at $15,256,000 after buying an additional 16,000 shares during the period. Resonant Capital Advisors LLC acquired a new position in shares of Agnico Eagle Mines in the 4th quarter valued at approximately $208,000. US Bancorp DE increased its holdings in Agnico Eagle Mines by 2.7% in the fourth quarter. US Bancorp DE now owns 6,770 shares of the mining company's stock valued at $529,000 after buying an additional 175 shares during the last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of Agnico Eagle Mines in the 4th quarter worth approximately $602,000. Institutional investors and hedge funds own 68.34% of the company's stock.

Agnico Eagle Mines Trading Down 0.4%

NYSE AEM traded down $0.49 on Friday, reaching $117.28. The company had a trading volume of 758,389 shares, compared to its average volume of 2,558,124. Agnico Eagle Mines Limited has a 52 week low of $63.01 and a 52 week high of $126.76. The stock's 50 day moving average is $112.65 and its 200-day moving average is $97.32. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. The stock has a market cap of $59.02 billion, a price-to-earnings ratio of 30.98, a PEG ratio of 0.66 and a beta of 0.54.

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 net margin of 22.88% and a return on equity of 10.45%. The business had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period last year, the company posted $0.76 EPS. Agnico Eagle Mines's revenue for the quarter was up 34.9% on a year-over-year basis. Equities analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current 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 paid a $0.40 dividend. The ex-dividend date is Friday, May 30th. This represents a yield of 1.36%. Agnico Eagle Mines's payout ratio is 34.04%.

Analyst Upgrades and Downgrades

Several brokerages have commented on AEM. Citigroup boosted their price target on shares of Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, March 31st. Cfra Research upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, April 25th. Bank of America upped their target price 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. BMO Capital Markets began coverage on shares of Agnico Eagle Mines in a report on Wednesday, April 16th. They issued an "outperform" rating and a $181.00 price objective for the company. Finally, National Bank Financial upgraded Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, March 21st. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Agnico Eagle Mines has an average rating of "Buy" and an average target price of $124.40.

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.