Janus Henderson Group PLC Decreases Stock Position in Agnico Eagle Mines Limited (NYSE:AEM)

Janus Henderson Group PLC reduced its holdings in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 11.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,939 shares of the mining company's stock after selling 21,460 shares during the quarter. Janus Henderson Group PLC's holdings in Agnico Eagle Mines were worth $12,823,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new stake in Agnico Eagle Mines in the 4th quarter valued at about $573,446,000. Capital World Investors lifted its stake in 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 buying an additional 4,121,164 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position 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. raised its holdings in shares of Agnico Eagle Mines by 184.6% in the fourth quarter. AGF Management Ltd. now owns 1,395,850 shares of the mining company's stock worth $109,205,000 after acquiring an additional 905,328 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of 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 acquiring an additional 778,919 shares in the last quarter. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Agnico Eagle Mines Trading Up 4.0%

Shares of NYSE:AEM traded up $4.36 during trading on Tuesday, reaching $112.58. 4,859,866 shares of the stock were exchanged, compared to its average volume of 2,534,172. The firm's 50-day moving average price is $110.78 and its 200 day moving average price is $95.69. The firm has a market cap of $56.66 billion, a price-to-earnings ratio of 29.78, a price-to-earnings-growth ratio of 0.66 and a beta of 0.54. Agnico Eagle Mines Limited has a 12-month low of $63.01 and a 12-month high of $126.76. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly earnings data on Thursday, April 24th. The mining company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.14. Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. The company had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the previous year, the firm earned $0.76 earnings per share. Agnico Eagle Mines's revenue for the quarter was up 34.9% on a year-over-year basis. On average, sell-side analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.60 annualized dividend and a yield of 1.42%. Agnico Eagle Mines's dividend payout ratio is currently 34.04%.

Analysts Set New Price Targets

Several research firms have issued reports on AEM. Stifel Canada raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Wednesday, March 19th. BMO Capital Markets assumed coverage on shares of Agnico Eagle Mines in a research report on Wednesday, April 16th. They set an "outperform" rating and a $181.00 target price on the stock. Bank of America raised their price objective on Agnico Eagle Mines from $119.00 to $142.00 and gave the stock a "buy" rating in a report on Tuesday, April 8th. Cfra Research raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, April 25th. Finally, Royal Bank of Canada increased their target price on Agnico Eagle Mines from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. 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 company's stock. Based on data from MarketBeat.com, Agnico Eagle Mines has an average rating of "Buy" and a consensus price target 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.