Agnico Eagle Mines Limited (NYSE:AEM) Shares Acquired by Raymond James & Associates

Raymond James & Associates lifted its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 15.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 364,440 shares of the mining company's stock after purchasing an additional 48,782 shares during the period. Raymond James & Associates owned about 0.07% of Agnico Eagle Mines worth $19,990,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in AEM. Vanguard Group Inc. grew its holdings in shares of Agnico Eagle Mines by 96.5% during the 1st quarter. Vanguard Group Inc. now owns 15,067,317 shares of the mining company's stock valued at $922,721,000 after purchasing an additional 7,399,467 shares during the last quarter. Norges Bank bought a new stake in Agnico Eagle Mines in the 4th quarter worth $285,370,000. Invesco Ltd. grew its holdings in Agnico Eagle Mines by 57.5% in the 1st quarter. Invesco Ltd. now owns 3,884,284 shares of the mining company's stock worth $237,874,000 after acquiring an additional 1,417,607 shares during the last quarter. Mackenzie Financial Corp grew its holdings in Agnico Eagle Mines by 13.9% in the 4th quarter. Mackenzie Financial Corp now owns 9,852,941 shares of the mining company's stock worth $511,175,000 after acquiring an additional 1,199,348 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Agnico Eagle Mines by 8.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 8,380,993 shares of the mining company's stock worth $383,555,000 after acquiring an additional 665,356 shares during the last quarter. Institutional investors own 68.34% of the company's stock.

Analyst Ratings Changes

AEM has been the topic of a number of recent analyst reports. National Bank Financial reissued an "outperform overweight" rating on shares of Agnico Eagle Mines in a report on Wednesday, January 3rd. CIBC dropped their target price on shares of Agnico Eagle Mines from $72.00 to $69.00 and set an "outperform" rating for the company in a research report on Wednesday, February 7th. TD Securities dropped their target price on shares of Agnico Eagle Mines from $64.00 to $62.00 and set a "buy" rating for the company in a research report on Wednesday, February 21st. Raymond James raised their target price on shares of Agnico Eagle Mines from $66.00 to $71.00 and gave the stock an "outperform" rating in a research report on Friday, January 12th. Finally, Jefferies Financial Group started coverage on shares of Agnico Eagle Mines in a research report on Thursday, February 29th. They issued a "hold" rating and a $54.00 target price for the company. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $63.71.

Agnico Eagle Mines Stock Up 2.8 %

NYSE AEM traded up $1.66 during trading hours on Monday, reaching $61.31. 6,635,810 shares of the company's stock traded hands, compared to its average volume of 3,171,379. Agnico Eagle Mines Limited has a 52-week low of $43.22 and a 52-week high of $61.58. The firm has a market cap of $30.53 billion, a PE ratio of 14.51, a PEG ratio of 25.92 and a beta of 1.06. The firm has a 50-day simple moving average of $51.25 and a 200 day simple moving average of $50.49. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.09 and a quick ratio of 0.74.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its quarterly earnings results on Friday, February 16th. The mining company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.09. The company had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.72 billion. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 5.54%. Agnico Eagle Mines's revenue was up 26.9% on a year-over-year basis. During the same period last year, the company posted $0.41 EPS. Sell-side analysts anticipate that Agnico Eagle Mines Limited will post 2.3 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, February 29th. This represents a $1.60 dividend on an annualized basis and a yield of 2.61%. Agnico Eagle Mines's dividend payout ratio is currently 38.93%.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. 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.