Agnico Eagle Mines Limited (NYSE:AEM) Shares Acquired by Manatuck Hill Partners LLC

Manatuck Hill Partners LLC grew its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 25.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,000 shares of the mining company's stock after buying an additional 6,000 shares during the period. Manatuck Hill Partners LLC's holdings in Agnico Eagle Mines were worth $2,346,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc purchased a new stake in Agnico Eagle Mines in the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC raised its stake in shares of Agnico Eagle Mines by 859.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock valued at $28,000 after acquiring an additional 318 shares during the period. Decker Retirement Planning Inc. acquired a new position in shares of Agnico Eagle Mines in the 4th quarter worth approximately $29,000. Fifth Third Bancorp boosted 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 worth $32,000 after purchasing an additional 260 shares during the period. Finally, Duncker Streett & Co. Inc. increased its holdings 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 valued at $32,000 after purchasing an additional 112 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company's stock.

Agnico Eagle Mines Stock Down 1.0 %

Shares of NYSE:AEM traded down $1.21 during mid-day trading on Wednesday, hitting $117.92. 1,413,104 shares of the company traded hands, compared to its average volume of 2,461,859. The firm has a market cap of $59.34 billion, a P/E ratio of 31.19, a PEG ratio of 0.66 and a beta of 0.54. Agnico Eagle Mines Limited has a 52-week low of $63.01 and a 52-week high of $126.76. The firm's 50 day simple moving average is $108.68 and its 200 day simple moving average is $94.24. 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 issued its quarterly earnings data on Thursday, April 24th. The mining company reported $1.53 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same quarter last year, the firm earned $0.76 EPS. Agnico Eagle Mines's quarterly revenue was up 34.9% on a year-over-year basis. On average, equities analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.36%. Agnico Eagle Mines's dividend payout ratio (DPR) is 34.04%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AEM shares. UBS Group boosted their price objective on Agnico Eagle Mines from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Friday, April 11th. StockNews.com cut shares of Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Raymond James lifted their price objective on shares of Agnico Eagle Mines from $105.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Royal Bank of Canada upped their target price on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Finally, Scotiabank reissued an "outperform" rating on shares of Agnico Eagle Mines in a research report on Monday, April 14th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat, Agnico Eagle Mines currently has an average rating of "Buy" and an average target price of $124.40.

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.