Man Group plc Purchases 287,782 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Man Group plc boosted its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 78.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 654,138 shares of the mining company's stock after purchasing an additional 287,782 shares during the period. Man Group plc owned about 0.13% of Agnico Eagle Mines worth $51,160,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its position 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. Decker Retirement Planning Inc. bought a new position in Agnico Eagle Mines during the fourth quarter valued at approximately $29,000. Fifth Third Bancorp lifted its position in Agnico Eagle Mines by 176.9% during the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company's stock valued at $32,000 after purchasing an additional 260 shares during the period. Duncker Streett & Co. Inc. lifted its position in Agnico Eagle Mines by 37.3% during the fourth 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. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in Agnico Eagle Mines during the fourth quarter valued at approximately $34,000. Institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Stock Down 0.1%

Shares of NYSE:AEM traded down $0.12 during trading hours on Friday, hitting $106.39. The company's stock had a trading volume of 3,863,931 shares, compared to its average volume of 2,523,485. Agnico Eagle Mines Limited has a 52 week low of $63.01 and a 52 week high of $126.76. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. The company has a market capitalization of $53.54 billion, a price-to-earnings ratio of 28.15, a P/E/G ratio of 0.66 and a beta of 0.54. The firm's fifty day moving average price is $110.63 and its 200 day moving average price is $95.47.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its quarterly earnings results on Thursday, April 24th. The mining company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.39 by $0.14. The business had revenue of $2.38 billion during 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 company's quarterly revenue was up 34.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.76 EPS. 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, December 1st. This represents a $1.60 annualized dividend and a dividend yield of 1.50%. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 34.04%.

Analyst Ratings Changes

AEM has been the topic of a number of research analyst reports. Citigroup increased their price objective on shares of Agnico Eagle Mines from $100.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, March 31st. Cfra Research upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, April 25th. 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 report on Friday, April 11th. Raymond James increased their price target on shares of Agnico Eagle Mines from $105.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Finally, StockNews.com downgraded shares of Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently 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.