GSA Capital Partners LLP Has $1.88 Million Stock Position in Agnico Eagle Mines Limited (NYSE:AEM)

Key Points

• GSA Capital Partners LLP significantly increased its stake in Agnico Eagle Mines Limited by 70.5%, now holding 17,364 shares valued at approximately $1.88 million.
• Agnico Eagle Mines has a strong financial profile with a market capitalization of $62.24 billion and a favorable debt-to-equity ratio of 0.05.
• Analysts maintain a positive outlook on Agnico Eagle Mines, with the stock receiving numerous upgrades and a current average rating of "Buy" and a consensus price target of $136.90.

GSA Capital Partners LLP lifted its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 70.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,364 shares of the mining company's stock after acquiring an additional 7,180 shares during the period. GSA Capital Partners LLP's holdings in Agnico Eagle Mines were worth $1,882,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in AEM. Capital World Investors boosted its position in shares of Agnico Eagle Mines by 41.9% in the fourth quarter. Capital World Investors now owns 13,952,061 shares of the mining company's stock worth $1,091,550,000 after buying an additional 4,121,164 shares during the period. TD Asset Management Inc increased its stake in shares of Agnico Eagle Mines by 42.8% during the 1st quarter. TD Asset Management Inc now owns 9,033,296 shares of the mining company's stock worth $978,553,000 after purchasing an additional 2,709,005 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Agnico Eagle Mines by 33.2% during the 4th quarter. Geode Capital Management LLC now owns 3,006,646 shares of the mining company's stock worth $239,844,000 after purchasing an additional 749,932 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Agnico Eagle Mines by 304.5% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 913,936 shares of the mining company's stock worth $71,465,000 after purchasing an additional 687,971 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Agnico Eagle Mines during the 4th quarter worth $52,503,000. 68.34% of the stock is owned by hedge funds and other institutional investors.

Agnico Eagle Mines Stock Performance

NYSE:AEM traded up $0.73 during trading hours on Friday, hitting $125.09. 3,033,991 shares of the company traded hands, compared to its average volume of 2,999,930. The stock has a market capitalization of $62.90 billion, a price-to-earnings ratio of 21.30, a P/E/G ratio of 0.87 and a beta of 0.50. Agnico Eagle Mines Limited has a twelve month low of $69.72 and a twelve month high of $129.77. The firm has a 50-day moving average of $120.94 and a 200 day moving average of $109.67. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 0.05.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its quarterly earnings data on Wednesday, July 30th. The mining company reported $1.94 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.11. Agnico Eagle Mines had a return on equity of 14.04% and a net margin of 30.63%. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter last year, the company earned $1.07 EPS. The company's quarterly revenue was up 35.6% on a year-over-year basis. On average, analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $0.40 dividend. The ex-dividend date was Friday, May 30th. This represents a dividend yield of 136.0%. Agnico Eagle Mines's dividend payout ratio (DPR) is currently 34.04%.

Analyst Ratings Changes

AEM has been the topic of several analyst reports. Raymond James Financial upgraded shares of Agnico Eagle Mines to a "moderate buy" rating and set a $130.00 price target on the stock in a research note on Monday, June 30th. National Bankshares restated an "outperform" rating on shares of Agnico Eagle Mines in a research note on Tuesday, June 24th. BMO Capital Markets initiated coverage on shares of Agnico Eagle Mines in a research note on Wednesday, April 16th. They set an "outperform" rating and a $181.00 price target on the stock. Scotiabank reissued an "outperform" rating on shares of Agnico Eagle Mines in a research report on Monday, April 14th. Finally, Lake Street Capital reissued a "buy" rating on shares of Agnico Eagle Mines in a research report on Monday, June 23rd. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $136.90.

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.