Agnico Eagle Mines Limited (NYSE:AEM) Shares Acquired by Penserra Capital Management LLC

Penserra Capital Management LLC increased its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 54,678.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,007 shares of the mining company's stock after acquiring an additional 22,965 shares during the period. Penserra Capital Management LLC's holdings in Agnico Eagle Mines were worth $2,493,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Jones Financial Companies Lllp increased its holdings in shares of Agnico Eagle Mines by 78.3% in the 4th quarter. Jones Financial Companies Lllp now owns 3,259 shares of the mining company's stock worth $255,000 after acquiring an additional 1,431 shares during the period. US Bancorp DE grew its position in Agnico Eagle Mines by 2.7% in 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 in the last quarter. Golden State Wealth Management LLC bought a new position in Agnico Eagle Mines in the 1st quarter valued at about $34,000. Captrust Financial Advisors grew its position in Agnico Eagle Mines by 6.5% in the 4th quarter. Captrust Financial Advisors now owns 5,663 shares of the mining company's stock valued at $443,000 after buying an additional 347 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in Agnico Eagle Mines by 29.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,807 shares of the mining company's stock valued at $413,000 after buying an additional 856 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AEM. UBS Group increased their target price on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday, April 11th. BMO Capital Markets began coverage on shares of Agnico Eagle Mines in a research report on Wednesday, April 16th. They issued an "outperform" rating and a $181.00 target price for the company. Lake Street Capital reiterated a "buy" rating on shares of Agnico Eagle Mines in a research report on Monday, June 23rd. National Bank Financial upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Raymond James Financial upgraded shares of Agnico Eagle Mines to a "moderate buy" rating and set a $130.00 target price for the company in a research report on Monday, June 30th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $130.50.

Agnico Eagle Mines Stock Performance

Shares of AEM opened at $122.18 on Tuesday. Agnico Eagle Mines Limited has a one year low of $68.87 and a one year high of $126.76. The company has a 50-day moving average of $117.45 and a two-hundred day moving average of $104.83. The stock has a market cap of $61.50 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 0.90 and a beta of 0.50. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.37 and a quick ratio of 1.20.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its earnings results on Thursday, April 24th. The mining company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.39 by $0.14. Agnico Eagle Mines had a net margin of 26.48% and a return on equity of 12.09%. The company had revenue of $2.38 billion during the quarter, compared to analysts' expectations of $2.27 billion. During the same period last year, the company posted $0.76 earnings per share. The business's revenue for the quarter was up 34.9% on a year-over-year basis. On average, equities research 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 announced a dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.40 dividend. This represents a dividend yield of 1.36%. The ex-dividend date of this dividend was Friday, May 30th. Agnico Eagle Mines's payout ratio is 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.

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