Vise Technologies Inc. Raises Position in Agnico Eagle Mines Limited (NYSE:AEM)

Vise Technologies Inc. increased its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 83.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,335 shares of the mining company's stock after buying an additional 5,151 shares during the period. Vise Technologies Inc.'s holdings in Agnico Eagle Mines were worth $887,000 as of its most recent SEC filing.

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

Agnico Eagle Mines Price Performance

NYSE:AEM traded up $0.37 during trading hours on Thursday, hitting $118.24. 3,528,396 shares of the company's stock traded hands, compared to its average volume of 3,140,792. Agnico Eagle Mines Limited has a 52 week low of $63.01 and a 52 week high of $126.75. The business's fifty day simple moving average is $112.37 and its two-hundred day simple moving average is $97.05. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. The firm has a market cap of $59.50 billion, a P/E ratio of 31.28, 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 released its quarterly earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.14. The firm had revenue of $2.38 billion for the quarter, compared to analysts' expectations of $2.27 billion. Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. The company's revenue was up 34.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.76 EPS. On average, research analysts anticipate 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 will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.40 per share. The ex-dividend date is Friday, May 30th. This represents a yield of 1.36%. Agnico Eagle Mines's payout ratio is presently 34.04%.

Analyst Ratings Changes

Several equities research analysts have commented on AEM shares. Cfra Research raised shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, April 25th. Stifel Canada raised shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Wednesday, March 19th. Royal Bank of Canada boosted their target price on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Friday, April 4th. TD Securities dropped their target price on Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Finally, BMO Capital Markets assumed coverage on Agnico Eagle Mines in a research report on Wednesday, April 16th. They issued an "outperform" rating and a $181.00 price target for the company. Two equities 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, the company has an average rating of "Buy" and an average target price 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.