Two Sigma Investments LP Takes $1.32 Million Position in Agnico Eagle Mines Limited (NYSE:AEM)

Two Sigma Investments LP purchased a new position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 16,808 shares of the mining company's stock, valued at approximately $1,315,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AEM. Benjamin Edwards Inc. increased its holdings in Agnico Eagle Mines by 2.0% during the 4th quarter. Benjamin Edwards Inc. now owns 5,472 shares of the mining company's stock valued at $428,000 after purchasing an additional 106 shares during the period. Duncker Streett & Co. Inc. increased its holdings in Agnico Eagle Mines by 37.3% during 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 period. Laird Norton Wetherby Wealth Management LLC increased its holdings in Agnico Eagle Mines by 1.8% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,944 shares of the mining company's stock valued at $543,000 after purchasing an additional 120 shares during the period. Quadrant Capital Group LLC increased its holdings in Agnico Eagle Mines by 24.5% during the 4th quarter. Quadrant Capital Group LLC now owns 787 shares of the mining company's stock valued at $62,000 after purchasing an additional 155 shares during the period. Finally, Headlands Technologies LLC increased its holdings in Agnico Eagle Mines by 12.4% during the 4th quarter. Headlands Technologies LLC now owns 1,529 shares of the mining company's stock valued at $120,000 after purchasing an additional 169 shares during the period. Institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Stock Down 3.4%

AEM traded down $4.13 during midday trading on Friday, reaching $117.93. The company's stock had a trading volume of 3,712,237 shares, compared to its average volume of 2,565,703. The firm has a market capitalization of $59.37 billion, a price-to-earnings ratio of 31.20, a PEG ratio of 0.66 and a beta of 0.51. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines Limited has a 1 year low of $63.43 and a 1 year high of $126.76. The stock's 50-day moving average is $114.38 and its 200-day moving average is $99.33.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its quarterly earnings data on Thursday, April 24th. The mining company reported $1.53 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.14. The business had revenue of $2.38 billion for the quarter, compared to analysts' expectations of $2.27 billion. Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. The business's revenue was up 34.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 earnings per share. As a group, research analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. BMO Capital Markets started coverage on Agnico Eagle Mines in a report on Wednesday, April 16th. They set an "outperform" rating and a $181.00 price target on the stock. TD Securities decreased their price target on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. UBS Group increased their price target on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a "neutral" rating in a research note on Friday, April 11th. National Bank Financial raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st. Finally, Stifel Canada raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Wednesday, March 19th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $127.40.

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.