Capital Management Corp VA Acquires 13,135 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Capital Management Corp VA increased its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 4.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 284,648 shares of the mining company's stock after purchasing an additional 13,135 shares during the period. Agnico Eagle Mines accounts for about 3.1% of Capital Management Corp VA's holdings, making the stock its 10th biggest holding. Capital Management Corp VA owned 0.06% of Agnico Eagle Mines worth $15,613,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Agnico Eagle Mines by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 17,224,538 shares of the mining company's stock valued at $782,855,000 after purchasing an additional 278,647 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Agnico Eagle Mines by 1.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 13,794,968 shares of the mining company's stock worth $626,981,000 after purchasing an additional 152,166 shares during the period. Mackenzie Financial Corp increased its position in Agnico Eagle Mines by 13.9% during the 4th quarter. Mackenzie Financial Corp now owns 9,852,941 shares of the mining company's stock worth $511,175,000 after purchasing an additional 1,199,348 shares during the period. The Manufacturers Life Insurance Company increased its position in Agnico Eagle Mines by 8.6% during 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 purchasing an additional 665,356 shares during the period. Finally, Flossbach Von Storch AG increased its position in Agnico Eagle Mines by 0.4% during the 3rd quarter. Flossbach Von Storch AG now owns 5,666,972 shares of the mining company's stock worth $257,564,000 after purchasing an additional 21,766 shares during the period. 68.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. CIBC decreased their price target on Agnico Eagle Mines from $72.00 to $69.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 7th. Jefferies Financial Group started coverage on Agnico Eagle Mines in a research note on Thursday, February 29th. They issued a "hold" rating and a $54.00 target price on the stock. Raymond James upped their target price on Agnico Eagle Mines from $66.00 to $71.00 and gave the company an "outperform" rating in a research note on Friday, January 12th. TD Securities reduced their target price on Agnico Eagle Mines from $64.00 to $62.00 and set a "buy" rating on the stock in a research note on Wednesday, February 21st. Finally, National Bank Financial reaffirmed an "outperform overweight" rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $63.71.

Agnico Eagle Mines Trading Up 0.6 %

Shares of Agnico Eagle Mines stock traded up $0.37 during trading hours on Friday, reaching $63.84. 3,634,453 shares of the company's stock were exchanged, compared to its average volume of 3,410,241. Agnico Eagle Mines Limited has a 52-week low of $43.22 and a 52-week high of $64.19. The firm has a market capitalization of $31.83 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 0.95 and a beta of 1.06. The company has a fifty day moving average of $55.15 and a 200-day moving average of $51.98. The company has a current ratio of 2.09, a quick ratio of 0.74 and a debt-to-equity ratio of 0.10.

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 for the quarter, topping analysts' consensus estimates of $0.48 by $0.09. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.72 billion. Agnico Eagle Mines had a return on equity of 5.54% and a net margin of 29.29%. The business's revenue for the quarter was up 26.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.41 EPS. Sell-side analysts forecast that Agnico Eagle Mines Limited will post 2.51 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.51%. Agnico Eagle Mines's payout ratio is 38.93%.

Agnico Eagle Mines Company 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.