Tidal Investments LLC Boosts Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Tidal Investments LLC raised its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 25.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,866 shares of the mining company's stock after acquiring an additional 3,778 shares during the quarter. Tidal Investments LLC's holdings in Agnico Eagle Mines were worth $1,476,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Jones Financial Companies Lllp increased its holdings in shares of Agnico Eagle Mines by 78.3% during the 4th quarter. Jones Financial Companies Lllp now owns 3,259 shares of the mining company's stock valued at $255,000 after purchasing an additional 1,431 shares in the last quarter. Forsta AP Fonden grew its position in Agnico Eagle Mines by 8.9% during the fourth 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 during the period. Resonant Capital Advisors LLC purchased a new position in Agnico Eagle Mines in the fourth quarter valued at $208,000. US Bancorp DE raised 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 worth $529,000 after acquiring an additional 175 shares during the period. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Agnico Eagle Mines during the 4th quarter worth about $602,000. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Price Performance

AEM stock traded down $0.63 during mid-day trading on Friday, reaching $117.14. The company's stock had a trading volume of 758,389 shares, compared to its average volume of 2,558,124. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The company's 50 day moving average is $112.65 and its two-hundred day moving average is $97.32. Agnico Eagle Mines Limited has a fifty-two week low of $63.01 and a fifty-two week high of $126.76. The stock has a market cap of $58.95 billion, a PE ratio of 30.98, a P/E/G ratio of 0.66 and a beta of 0.54.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its quarterly 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. Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. The firm had revenue of $2.38 billion during the quarter, compared to analysts' expectations of $2.27 billion. During the same quarter last year, the firm earned $0.76 earnings per share. The business's revenue for the quarter was up 34.9% on a year-over-year basis. Equities research analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on AEM shares. Royal Bank of Canada increased their price target on Agnico Eagle Mines from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Scotiabank reissued an "outperform" rating on shares of Agnico Eagle Mines in a research note on Monday, April 14th. Wall Street Zen lowered shares of Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. Stifel Canada raised shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, Bank of America boosted their target price on shares of Agnico Eagle Mines from $119.00 to $142.00 and gave the stock a "buy" rating in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $124.40.

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.