Gotham Asset Management LLC Boosts Position in Agnico Eagle Mines Limited (NYSE:AEM)

Gotham Asset Management LLC boosted its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 322.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,143 shares of the mining company's stock after purchasing an additional 49,736 shares during the period. Gotham Asset Management LLC's holdings in Agnico Eagle Mines were worth $5,095,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Smartleaf Asset Management LLC increased its stake in Agnico Eagle Mines by 859.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock worth $28,000 after purchasing an additional 318 shares during the period. Decker Retirement Planning Inc. purchased a new position in Agnico Eagle Mines in the 4th quarter worth approximately $29,000. Fifth Third Bancorp increased its stake in Agnico Eagle Mines by 176.9% in the 4th quarter. Fifth Third Bancorp now owns 407 shares of the mining company's stock worth $32,000 after purchasing an additional 260 shares during the period. Duncker Streett & Co. Inc. increased its stake in Agnico Eagle Mines by 37.3% in the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock worth $32,000 after purchasing an additional 112 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in Agnico Eagle Mines in the 4th quarter worth approximately $34,000. 68.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AEM shares. National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st. Cfra Research raised Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, April 25th. Scotiabank reissued an "outperform" rating on shares of Agnico Eagle Mines in a research note on Monday, April 14th. BMO Capital Markets started coverage on Agnico Eagle Mines in a research note on Wednesday, April 16th. They set an "outperform" rating and a $181.00 target price on the stock. Finally, TD Securities reduced their target price on Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. 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's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $124.40.

Agnico Eagle Mines Stock Down 0.1%

Agnico Eagle Mines stock traded down $0.12 during mid-day trading on Friday, hitting $106.39. The company had a trading volume of 3,863,931 shares, compared to its average volume of 2,523,960. 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 stock's 50 day moving average price is $110.63 and its two-hundred day moving average price is $95.42. Agnico Eagle Mines Limited has a 12 month low of $63.01 and a 12 month high of $126.76. The company has a market capitalization of $53.54 billion, a PE ratio of 28.15, 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 released 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. Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. The business had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the previous year, the company posted $0.76 earnings per share. The company's revenue for the quarter was up 34.9% compared to the same quarter last year. As a group, sell-side 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Monday, December 1st. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 34.04%.

About Agnico Eagle Mines

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.