Marshall Wace LLP Takes $422,000 Position in Agnico Eagle Mines Limited (NYSE:AEM)

Marshall Wace LLP acquired a new stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,392 shares of the mining company's stock, valued at approximately $422,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AEM. Norges Bank purchased a new stake in shares of Agnico Eagle Mines in the fourth quarter valued at approximately $573,446,000. Arrowstreet Capital Limited Partnership grew its holdings in Agnico Eagle Mines by 81.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,051,473 shares of the mining company's stock valued at $551,339,000 after buying an additional 3,155,927 shares in the last quarter. AGF Management Ltd. increased its stake in shares of Agnico Eagle Mines by 184.6% in the 4th 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. Van ECK Associates Corp increased its position in Agnico Eagle Mines by 3.6% during the fourth quarter. Van ECK Associates Corp now owns 22,322,859 shares of the mining company's stock worth $1,745,858,000 after purchasing an additional 778,919 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Agnico Eagle Mines by 33.2% during the fourth quarter. Geode Capital Management LLC now owns 3,006,646 shares of the mining company's stock worth $239,844,000 after purchasing an additional 749,932 shares during the period. Institutional investors and hedge funds own 68.34% of the company's stock.

Agnico Eagle Mines Trading Down 1.5 %

NYSE:AEM traded down $1.82 on Wednesday, hitting $117.31. 3,156,571 shares of the stock were exchanged, compared to its average volume of 2,468,577. The stock has a market cap of $59.04 billion, a PE ratio of 31.04, a PEG ratio of 0.66 and a beta of 0.54. Agnico Eagle Mines Limited has a fifty-two week low of $63.01 and a fifty-two week high of $126.76. 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 has a fifty day moving average of $108.68 and a 200-day moving average of $94.24.

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 EPS for the quarter, beating 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 company had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same period last year, the company posted $0.76 earnings per share. The firm's revenue was up 34.9% compared to the same quarter last year. As a group, equities analysts expect 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. Stockholders of record on Monday, December 1st will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Monday, December 1st. Agnico Eagle Mines's payout ratio is currently 34.04%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AEM. BMO Capital Markets started coverage on Agnico Eagle Mines in a report on Wednesday, April 16th. They set an "outperform" rating and a $181.00 price target for the company. Jefferies Financial Group increased their price objective on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a "hold" rating in a research report on Tuesday, January 7th. Citigroup raised their price objective on shares of Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a "buy" rating in a report on Monday, March 31st. Raymond James raised their price target on Agnico Eagle Mines from $105.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Finally, TD Securities reduced their price objective on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, Agnico Eagle Mines currently 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.