Massachusetts Financial Services Co. MA Has $1.46 Billion Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Massachusetts Financial Services Co. MA grew its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 3.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,441,198 shares of the mining company's stock after acquiring an additional 499,362 shares during the quarter. Massachusetts Financial Services Co. MA owned 2.67% of Agnico Eagle Mines worth $1,457,160,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Agnico Eagle Mines by 1.5% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,702 shares of the mining company's stock worth $618,000 after acquiring an additional 85 shares during the period. Hexagon Capital Partners LLC lifted its position in shares of Agnico Eagle Mines by 31.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 367 shares of the mining company's stock worth $40,000 after acquiring an additional 87 shares during the period. Benjamin Edwards Inc. lifted its position in shares of Agnico Eagle Mines by 2.0% in the 4th quarter. Benjamin Edwards Inc. now owns 5,472 shares of the mining company's stock worth $428,000 after acquiring an additional 106 shares during the period. Laird Norton Wetherby Wealth Management LLC lifted its position in shares of Agnico Eagle Mines by 1.8% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,944 shares of the mining company's stock worth $543,000 after acquiring an additional 120 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Agnico Eagle Mines by 19.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 774 shares of the mining company's stock worth $84,000 after acquiring an additional 125 shares during the period. Institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Trading Up 0.5%

Shares of NYSE AEM traded up $0.64 during midday trading on Wednesday, hitting $119.70. The stock had a trading volume of 2,374,868 shares, compared to its average volume of 2,611,760. The company's 50-day simple moving average is $117.85 and its 200 day simple moving average is $106.31. The firm has a market cap of $60.19 billion, a P/E ratio of 25.47, a price-to-earnings-growth ratio of 0.89 and a beta of 0.50. Agnico Eagle Mines Limited has a fifty-two week low of $69.72 and a fifty-two week high of $126.76. 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 earnings results on Thursday, April 24th. The mining company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.39 by $0.14. The company had revenue of $2.38 billion during 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 business's revenue for the quarter was up 34.9% on a year-over-year basis. During the same period last year, the firm earned $0.76 EPS. Research analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The company also recently announced a dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a dividend yield of 1.36%. Agnico Eagle Mines's dividend payout ratio (DPR) is currently 34.04%.

Wall Street Analyst Weigh In

A number of brokerages have commented on AEM. Cfra Research upgraded Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, April 25th. Lake Street Capital restated a "buy" rating on shares of Agnico Eagle Mines in a research report on Monday, June 23rd. Stifel Canada upgraded Agnico Eagle Mines to a "strong-buy" rating in a research report on Wednesday, March 19th. Citigroup raised their target price on Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, March 31st. Finally, CIBC reiterated an "outperform" rating on shares of Agnico Eagle Mines in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $136.90.

About Agnico Eagle Mines

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.