Public Employees Retirement System of Ohio Makes New Investment in Agnico Eagle Mines Limited (NYSE:AEM)

Public Employees Retirement System of Ohio purchased a new stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 598,382 shares of the mining company's stock, valued at approximately $46,799,000. Public Employees Retirement System of Ohio owned 0.12% of Agnico Eagle Mines at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Jones Financial Companies Lllp lifted its stake in Agnico Eagle Mines by 78.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,259 shares of the mining company's stock valued at $255,000 after buying an additional 1,431 shares during the period. Forsta AP Fonden raised its holdings in shares of Agnico Eagle Mines by 8.9% during the 4th quarter. Forsta AP Fonden now owns 195,100 shares of the mining company's stock valued at $15,256,000 after buying an additional 16,000 shares in the last quarter. Resonant Capital Advisors LLC purchased a new position in shares of Agnico Eagle Mines in the fourth quarter worth about $208,000. US Bancorp DE increased its position in shares of Agnico Eagle Mines by 2.7% in the fourth quarter. US Bancorp DE now owns 6,770 shares of the mining company's stock valued at $529,000 after acquiring an additional 175 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Agnico Eagle Mines in the 4th quarter worth approximately $602,000. Institutional investors and hedge funds own 68.34% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on AEM shares. Scotiabank reaffirmed an "outperform" rating on shares of Agnico Eagle Mines in a research report on Monday, April 14th. UBS Group upped 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 assumed coverage on shares of Agnico Eagle Mines in a report on Wednesday, April 16th. They issued an "outperform" rating and a $181.00 target price for the company. Stifel Canada raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, Wall Street Zen downgraded Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Agnico Eagle Mines presently has a consensus rating of "Buy" and an average target price of $124.40.

Agnico Eagle Mines Stock Up 0.5%

Shares of AEM traded up $0.62 during trading hours on Thursday, reaching $118.49. The company's stock had a trading volume of 2,127,213 shares, compared to its average volume of 2,555,714. Agnico Eagle Mines Limited has a 1-year low of $63.01 and a 1-year high of $126.76. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. The firm has a market cap of $59.63 billion, a price-to-earnings ratio of 31.34, a P/E/G ratio of 0.66 and a beta of 0.54. The company has a 50 day moving average of $112.37 and a two-hundred day moving average of $97.05.

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 earnings per share for the quarter, beating analysts' consensus estimates of $1.39 by $0.14. The firm 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 10.45% and a net margin of 22.88%. The business's revenue was up 34.9% on a year-over-year basis. During the same period last year, the firm posted $0.76 EPS. As a group, research analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a dividend yield of 1.36%. Agnico Eagle Mines's dividend 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.