Assenagon Asset Management S.A. Raises Stock Position in Agnico Eagle Mines Limited (NYSE:AEM)

Assenagon Asset Management S.A. grew its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 16.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,933 shares of the mining company's stock after acquiring an additional 2,663 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Agnico Eagle Mines were worth $2,051,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in AEM. Jones Financial Companies Lllp grew its stake in Agnico Eagle Mines by 78.3% during the 4th quarter. Jones Financial Companies Lllp now owns 3,259 shares of the mining company's stock worth $255,000 after buying an additional 1,431 shares during the last quarter. US Bancorp DE raised its stake in shares of Agnico Eagle Mines by 2.7% during the 4th 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. Captrust Financial Advisors increased its holdings in shares of Agnico Eagle Mines by 6.5% during the 4th quarter. Captrust Financial Advisors now owns 5,663 shares of the mining company's stock valued at $443,000 after purchasing an additional 347 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Agnico Eagle Mines in the 4th quarter valued at $814,000. Finally, Orion Portfolio Solutions LLC boosted its holdings in Agnico Eagle Mines by 5.9% during the fourth quarter. Orion Portfolio Solutions LLC now owns 3,268 shares of the mining company's stock worth $256,000 after buying an additional 183 shares in the last quarter. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Trading Down 1.0%

NYSE:AEM traded down $1.28 during trading hours on Wednesday, hitting $122.63. The company had a trading volume of 2,364,588 shares, compared to its average volume of 2,579,775. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average of $116.94 and a 200 day moving average of $101.05. The company has a market cap of $61.72 billion, a P/E ratio of 24.78, a P/E/G ratio of 1.08 and a beta of 0.51. Agnico Eagle Mines Limited has a 1 year low of $63.93 and a 1 year high of $126.76.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly earnings data on Thursday, April 24th. The mining company reported $1.53 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.14. The firm had revenue of $2.38 billion for the quarter, compared to analysts' expectations of $2.27 billion. Agnico Eagle Mines had a return on equity of 12.09% and a net margin of 26.48%. The firm's quarterly revenue was up 34.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.76 earnings per share. Sell-side analysts expect 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 disclosed a dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.40 per share. The ex-dividend date was Friday, May 30th. This represents a dividend yield of 1.36%. Agnico Eagle Mines's payout ratio is currently 34.04%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AEM shares. Scotiabank restated an "outperform" rating on shares of Agnico Eagle Mines in a research report on Monday, April 14th. TD Securities dropped their price objective on Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating on the stock in a report on Wednesday, February 19th. Cfra Research upgraded Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, April 25th. Raymond James Financial upped their price target on shares of Agnico Eagle Mines from $105.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Finally, National Bank Financial raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st. Two 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 company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $127.40.

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.