Mackenzie Financial Corp Has $538.19 Million Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Mackenzie Financial Corp lifted its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 0.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,811,207 shares of the mining company's stock after purchasing an additional 41,068 shares during the period. Mackenzie Financial Corp owned 1.97% of Agnico Eagle Mines worth $538,193,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Coppell Advisory Solutions Corp. bought a new position in Agnico Eagle Mines during the fourth quarter worth about $26,000. Bruce G. Allen Investments LLC bought a new position in Agnico Eagle Mines during the 4th quarter worth approximately $33,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Agnico Eagle Mines during the third quarter valued at approximately $34,000. CVA Family Office LLC acquired a new stake in Agnico Eagle Mines in the fourth quarter worth $36,000. Finally, Almanack Investment Partners LLC. acquired a new stake in Agnico Eagle Mines in the third quarter worth $37,000. 68.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Raymond James upped their price objective on shares of Agnico Eagle Mines from $66.00 to $71.00 and gave the company an "outperform" rating in a research report on Friday, January 12th. CIBC cut their price objective on Agnico Eagle Mines from $72.00 to $69.00 and set an "outperform" rating on the stock in a report on Wednesday, February 7th. TD Securities decreased their price objective on 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. National Bank Financial restated an "outperform overweight" rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. Finally, Jefferies Financial Group assumed coverage on shares of Agnico Eagle Mines in a report on Thursday, February 29th. They issued a "hold" rating and a $54.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $63.71.

Agnico Eagle Mines Stock Down 0.0 %

Shares of NYSE AEM traded down $0.02 during midday trading on Monday, reaching $61.43. The company's stock had a trading volume of 3,786,812 shares, compared to its average volume of 3,245,410. The stock has a 50 day simple moving average of $53.90 and a 200-day simple moving average of $51.51. The company has a current ratio of 2.09, a quick ratio of 0.74 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $30.63 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 0.92 and a beta of 1.06. Agnico Eagle Mines Limited has a fifty-two week low of $43.22 and a fifty-two week high of $64.19.

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 the consensus estimate of $0.48 by $0.09. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 5.54%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period in the previous year, the business earned $0.41 EPS. The company's revenue was up 26.9% compared to the same quarter last year. Equities research analysts predict that Agnico Eagle Mines Limited will post 2.51 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.40 per share. The ex-dividend date was Thursday, February 29th. This represents a $1.60 annualized dividend and a yield of 2.60%. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 38.93%.

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.