SBI Securities Co. Ltd. increased its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 147.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,735 shares of the mining company's stock after purchasing an additional 2,224 shares during the quarter. SBI Securities Co. Ltd.'s holdings in Agnico Eagle Mines were worth $405,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of AEM. Norges Bank purchased a new position in Agnico Eagle Mines in the 4th quarter worth about $573,446,000. Capital World Investors grew its stake in Agnico Eagle Mines by 41.9% during the 4th quarter. Capital World Investors now owns 13,952,061 shares of the mining company's stock valued at $1,091,550,000 after acquiring an additional 4,121,164 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Agnico Eagle Mines by 81.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,051,473 shares of the mining company's stock valued at $551,339,000 after acquiring an additional 3,155,927 shares in the last quarter. Geode Capital Management LLC grew its stake in 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 valued at $239,844,000 after acquiring an additional 749,932 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in 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 valued at $71,465,000 after acquiring an additional 687,971 shares in the last quarter. Hedge funds and other institutional investors own 68.34% of the company's stock.
Agnico Eagle Mines Stock Performance
AEM traded down $1.04 on Thursday, hitting $118.67. The company had a trading volume of 1,826,126 shares, compared to its average volume of 2,613,040. The company's fifty day moving average price is $117.97 and its 200 day moving average price is $106.68. Agnico Eagle Mines Limited has a 1-year low of $69.72 and a 1-year 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. The stock has a market cap of $59.67 billion, a price-to-earnings ratio of 25.25, a price-to-earnings-growth ratio of 0.89 and a beta of 0.50.
Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.14. Agnico Eagle Mines had a return on equity of 12.09% and a net margin of 26.48%. The firm had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same period in the previous year, the company earned $0.76 EPS. The company's revenue for the quarter was up 34.9% on a year-over-year basis. Equities analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.
Agnico Eagle Mines Dividend Announcement
The business also recently announced a dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $0.40 dividend. The ex-dividend date was Friday, May 30th. This represents a yield of 1.36%. Agnico Eagle Mines's dividend payout ratio (DPR) is currently 34.04%.
Analyst Ratings Changes
AEM has been the topic of several research analyst reports. Cfra Research raised Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, April 25th. Stifel Canada raised Agnico Eagle Mines to a "strong-buy" rating in a research note on Wednesday, March 19th. Raymond James Financial raised Agnico Eagle Mines to a "moderate buy" rating and set a $130.00 target price on the stock in a research note on Monday, June 30th. Bank of America lifted their target price on Agnico Eagle Mines from $170.00 to $173.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Finally, National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $136.90.
View Our Latest Report on Agnico Eagle Mines
About Agnico Eagle Mines
(
Free Report)
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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