Quadrature Capital Ltd Makes New $68.47 Million Investment in Agnico Eagle Mines Limited $AEM

Key Points

• Quadrature Capital bought a new stake of 406,200 shares in Agnico Eagle Mines valued at about $68.47 million, representing roughly 0.08% ownership per its latest 13F filing.
• Agnico posted a quarterly beat with $2.69 EPS vs. $2.56 expected and revenue of $3.53 billion (vs. $3.40B), with revenue up 60.3% year‑over‑year and a net margin of 37.47%, signaling strong profitability.
• The company raised its quarterly dividend to $0.45 (annualized $1.80, yield ~0.8%, payout ratio ~20%), while analysts still favor the stock with a consensus "Buy" and an average price target around $234.91.

Quadrature Capital Ltd bought a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 406,200 shares of the mining company's stock, valued at approximately $68,467,000. Quadrature Capital Ltd owned 0.08% of Agnico Eagle Mines as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership raised its holdings in shares of Agnico Eagle Mines by 3.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 8,589,745 shares of the mining company's stock valued at $1,447,494,000 after purchasing an additional 292,949 shares during the last quarter. Employees Retirement System of Texas lifted its position in Agnico Eagle Mines by 60.5% during the third quarter. Employees Retirement System of Texas now owns 43,508 shares of the mining company's stock valued at $7,334,000 after purchasing an additional 16,395 shares during the period. KLCM Advisors Inc. boosted its holdings in Agnico Eagle Mines by 1.0% in the third quarter. KLCM Advisors Inc. now owns 10,118 shares of the mining company's stock worth $1,705,000 after purchasing an additional 100 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Agnico Eagle Mines by 0.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,392,420 shares of the mining company's stock worth $1,076,423,000 after purchasing an additional 44,597 shares during the last quarter. Finally, Barometer Capital Management Inc. bought a new stake in Agnico Eagle Mines in the 3rd quarter worth approximately $13,877,000. Hedge funds and other institutional investors own 68.34% of the company's stock.

Key Headlines Impacting Agnico Eagle Mines

Here are the key news stories impacting Agnico Eagle Mines this week:

• Positive Sentiment: Agnico’s fundamentals and capital-return profile remain strong: the company has shown solid free cash flow, raised dividends and buybacks are possible if gold prices hold — a near-term tailwind for shareholder returns. Can Agnico Eagle Drive Even Higher Shareholder Returns Ahead?
• Positive Sentiment: Analysts and screens still list AEM as a long-term buy despite short-term metal pullbacks, reflecting expected secular demand for gold which supports miners’ cash flow and dividends. Gold & Silver Slip as Dollar Strengthens: 4 Stocks to Own
• Positive Sentiment: Sector peer strength: Franco‑Nevada’s strong Q4 results and revenue surge highlight robust royalty/stream exposure to current gold prices — a positive read-across for the gold complex and investor interest in gold equities. Franco-Nevada Q4 Earnings Beat Estimates, Revenues Surge 86% Y/Y
• Neutral Sentiment: Market note: AEM recently closed lower relative to the market (reported ~-1.8% on the last session), a data point showing short-term underperformance versus peers. Agnico Eagle Mines (AEM) Declines More Than Market: Some Information for Investors
• Negative Sentiment: Macro headwinds: a stronger U.S. dollar and rising real yields are pressuring gold and silver prices today, which typically drags down gold miners’ shares in the short term. Monitor dollar moves and real rates for further directional cues. Gold & Silver Slip as Dollar Strengthens: 4 Stocks to Own

Agnico Eagle Mines Stock Down 2.1%

AEM opened at $218.20 on Friday. The firm's 50 day simple moving average is $211.75 and its two-hundred day simple moving average is $180.51. The company has a market capitalization of $109.32 billion, a PE ratio of 24.57 and a beta of 0.61. Agnico Eagle Mines Limited has a 1-year low of $94.77 and a 1-year high of $255.24. The company has a current ratio of 2.02, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its quarterly earnings data on Thursday, February 12th. The mining company reported $2.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.56 by $0.13. The firm had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.40 billion. Agnico Eagle Mines had a net margin of 37.47% and a return on equity of 18.09%. The company's revenue for the quarter was up 60.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.26 EPS. As a group, equities analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be issued a dividend of $0.45 per share. This is a boost from Agnico Eagle Mines's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Monday, March 2nd. Agnico Eagle Mines's dividend payout ratio is presently 20.27%.

Analysts Set New Price Targets

A number of brokerages have weighed in on AEM. Citigroup boosted their target price on shares of Agnico Eagle Mines from $198.00 to $256.00 and gave the company a "buy" rating in a research note on Thursday, January 15th. Scotiabank reaffirmed an "outperform" rating and issued a $280.00 price objective on shares of Agnico Eagle Mines in a report on Tuesday, February 17th. JPMorgan Chase & Co. reduced their price objective on Agnico Eagle Mines from $248.00 to $235.00 and set a "neutral" rating for the company in a research report on Wednesday, February 18th. Wall Street Zen downgraded Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a report on Saturday, January 31st. Finally, Weiss Ratings cut Agnico Eagle Mines from a "buy (a-)" rating to a "buy (b)" rating in a research report on Monday, January 12th. Four research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $234.91.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited NYSE: AEM is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.

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