Focus Partners Wealth increased its position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 802.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,804 shares of the mining company's stock after purchasing an additional 46,951 shares during the quarter. Focus Partners Wealth's holdings in Agnico Eagle Mines were worth $4,130,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of AEM. Norges Bank acquired a new position in shares of Agnico Eagle Mines in the 4th quarter valued at about $573,446,000. Capital World Investors lifted its stake in shares of Agnico Eagle Mines by 41.9% in 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 purchasing an additional 4,121,164 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Agnico Eagle Mines by 81.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,051,473 shares of the mining company's stock worth $551,339,000 after buying an additional 3,155,927 shares in the last quarter. AGF Management Ltd. grew its position in Agnico Eagle Mines by 184.6% during the fourth quarter. AGF Management Ltd. now owns 1,395,850 shares of the mining company's stock valued at $109,205,000 after buying an additional 905,328 shares during the period. Finally, Van ECK Associates Corp increased its holdings in Agnico Eagle Mines by 3.6% in the fourth quarter. Van ECK Associates Corp now owns 22,322,859 shares of the mining company's stock valued at $1,745,858,000 after buying an additional 778,919 shares in the last quarter. Hedge funds and other institutional investors own 68.34% of the company's stock.
Analyst Ratings Changes
AEM has been the subject of several recent analyst reports. TD Securities cut their price target on 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. Stifel Canada upgraded Agnico Eagle Mines to a "strong-buy" rating in a research report on Wednesday, March 19th. UBS Group upped 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. Raymond James lifted their price target on shares of Agnico Eagle Mines from $105.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Finally, Cfra Research upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $124.40.
Get Our Latest Analysis on AEM
Agnico Eagle Mines Stock Up 2.6%
Shares of Agnico Eagle Mines stock traded up $2.77 during trading hours on Tuesday, hitting $110.99. The company had a trading volume of 1,094,456 shares, compared to its average volume of 2,519,770. The company's 50-day moving average is $110.78 and its two-hundred day moving average is $95.69. 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 twelve month low of $63.01 and a twelve month high of $126.76. The company has a market cap of $55.85 billion, a P/E ratio of 29.28, a price-to-earnings-growth ratio of 0.66 and a beta of 0.54.
Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its earnings results on Thursday, April 24th. The mining company reported $1.53 EPS for the quarter, topping the consensus estimate 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%. The business's revenue was up 34.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 EPS. 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 quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Monday, December 1st. Agnico Eagle Mines's payout ratio is currently 34.04%.
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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