Intact Investment Management Inc. Has $32.13 Million Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Intact Investment Management Inc. grew its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 23.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 296,489 shares of the mining company's stock after buying an additional 56,619 shares during the period. Agnico Eagle Mines makes up approximately 1.1% of Intact Investment Management Inc.'s holdings, making the stock its 24th biggest position. Intact Investment Management Inc. owned about 0.06% of Agnico Eagle Mines worth $32,127,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Benjamin Edwards Inc. lifted its position in shares of Agnico Eagle Mines by 2.0% during the 4th quarter. Benjamin Edwards Inc. now owns 5,472 shares of the mining company's stock worth $428,000 after purchasing an additional 106 shares during the last quarter. Duncker Streett & Co. Inc. lifted its position in shares of Agnico Eagle Mines by 37.3% during the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock worth $32,000 after purchasing an additional 112 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its position in shares of Agnico Eagle Mines by 1.8% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,944 shares of the mining company's stock worth $543,000 after purchasing an additional 120 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Agnico Eagle Mines by 19.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 774 shares of the mining company's stock worth $84,000 after purchasing an additional 125 shares during the last quarter. Finally, Sapient Capital LLC lifted its position in shares of Agnico Eagle Mines by 1.2% during the 1st quarter. Sapient Capital LLC now owns 10,984 shares of the mining company's stock worth $1,191,000 after purchasing an additional 128 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company's stock.

Agnico Eagle Mines Stock Down 1.3%

NYSE AEM opened at $121.06 on Friday. The firm has a market cap of $60.93 billion, a PE ratio of 25.76, a price-to-earnings-growth ratio of 1.07 and a beta of 0.51. Agnico Eagle Mines Limited has a one year low of $63.93 and a one year high of $126.76. The stock's 50 day simple moving average is $117.56 and its 200 day simple moving average is $101.71. 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 released its quarterly earnings results on Thursday, April 24th. The mining company reported $1.53 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.14. The business had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.27 billion. Agnico Eagle Mines had a return on equity of 12.09% and a net margin of 26.48%. Agnico Eagle Mines's revenue for the quarter was up 34.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.76 EPS. As a group, sell-side analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal 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 issued a dividend of $0.40 per share. This represents a yield of 1.36%. The ex-dividend date was Friday, May 30th. Agnico Eagle Mines's dividend payout ratio is 34.04%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. UBS Group boosted their price objective on Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a "neutral" rating in a research report on Friday, April 11th. Stifel Canada raised Agnico Eagle Mines to a "strong-buy" rating in a report on Wednesday, March 19th. National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, March 21st. Scotiabank reaffirmed an "outperform" rating on shares of Agnico Eagle Mines in a report on Monday, April 14th. Finally, Royal Bank Of Canada upped their price target on Agnico Eagle Mines from $115.00 to $145.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $127.40.

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.

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