Twinbeech Capital LP Purchases Shares of 3,066 Agnico Eagle Mines Limited (NYSE:AEM)

Twinbeech Capital LP purchased a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,066 shares of the mining company's stock, valued at approximately $240,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake in Agnico Eagle Mines by 859.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock valued at $28,000 after buying an additional 318 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Agnico Eagle Mines by 176.9% in the 4th quarter. Fifth Third Bancorp now owns 407 shares of the mining company's stock valued at $32,000 after purchasing an additional 260 shares during the last quarter. Duncker Streett & Co. Inc. lifted its stake in shares of Agnico Eagle Mines by 37.3% in the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock valued at $32,000 after purchasing an additional 112 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Agnico Eagle Mines during the 4th quarter worth approximately $34,000. Finally, Coppell Advisory Solutions LLC increased its holdings in Agnico Eagle Mines by 235.0% during the 4th quarter. Coppell Advisory Solutions LLC now owns 469 shares of the mining company's stock worth $37,000 after purchasing an additional 329 shares during the period. 68.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on AEM shares. Wall Street Zen downgraded Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. UBS Group boosted their target price on Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a "neutral" rating in a research note on Friday, April 11th. BMO Capital Markets initiated coverage on Agnico Eagle Mines in a research report on Wednesday, April 16th. They set an "outperform" rating and a $181.00 price target for the company. Citigroup lifted their price target 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, Scotiabank reissued an "outperform" rating on shares of Agnico Eagle Mines in a report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, Agnico Eagle Mines has a consensus rating of "Buy" and a consensus target price of $124.40.

Agnico Eagle Mines Trading Up 0.2%

AEM stock traded up $0.21 during midday trading on Thursday, hitting $118.08. The stock had a trading volume of 2,009,985 shares, compared to its average volume of 2,555,362. The firm has a market cap of $59.42 billion, a PE ratio of 31.24, a price-to-earnings-growth ratio of 0.66 and a beta of 0.54. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. Agnico Eagle Mines Limited has a 12-month low of $63.01 and a 12-month high of $126.76. The company's 50-day moving average price is $112.37 and its 200 day moving average price is $97.05.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced 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 company had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.27 billion. Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. Agnico Eagle Mines's revenue for the quarter was up 34.9% on a year-over-year basis. During the same quarter last year, the business earned $0.76 EPS. On average, equities research 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 declared a dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.40 dividend. The ex-dividend date is Friday, May 30th. This represents a dividend yield of 1.36%. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 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.