Hussman Strategic Advisors Inc. Purchases 51,000 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Hussman Strategic Advisors Inc. boosted its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 33.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 204,000 shares of the mining company's stock after purchasing an additional 51,000 shares during the period. Agnico Eagle Mines makes up about 2.5% of Hussman Strategic Advisors Inc.'s portfolio, making the stock its 2nd largest holding. Hussman Strategic Advisors Inc.'s holdings in Agnico Eagle Mines were worth $11,189,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Blair William & Co. IL lifted its position in Agnico Eagle Mines by 5.9% in the third quarter. Blair William & Co. IL now owns 23,718 shares of the mining company's stock worth $1,078,000 after purchasing an additional 1,313 shares during the period. Raymond James & Associates lifted its position in Agnico Eagle Mines by 15.5% in the fourth quarter. Raymond James & Associates now owns 364,440 shares of the mining company's stock worth $19,990,000 after purchasing an additional 48,782 shares during the period. Wellington Management Group LLP lifted its position in Agnico Eagle Mines by 5.7% in the third quarter. Wellington Management Group LLP now owns 632,403 shares of the mining company's stock worth $28,752,000 after purchasing an additional 34,072 shares during the period. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Agnico Eagle Mines during the 4th quarter valued at $41,610,000. Finally, Sprott Inc. lifted its position in shares of Agnico Eagle Mines by 4.1% during the 3rd quarter. Sprott Inc. now owns 1,412,300 shares of the mining company's stock valued at $65,249,000 after acquiring an additional 55,032 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Up 0.6 %

Shares of AEM traded up $0.37 during mid-day trading on Friday, reaching $63.84. The company's stock had a trading volume of 3,634,453 shares, compared to its average volume of 3,410,241. The business has a fifty day moving average of $55.15 and a 200 day moving average of $52.04. The company has a market cap of $31.83 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 0.96 and a beta of 1.06. Agnico Eagle Mines Limited has a 1 year low of $43.22 and a 1 year high of $64.19. The company has a quick ratio of 0.74, a current ratio of 2.09 and a debt-to-equity ratio of 0.10.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted 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. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 5.54%. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the prior year, the business posted $0.41 earnings per share. Agnico Eagle Mines's revenue for the quarter was up 26.9% compared to the same quarter last year. As a group, analysts forecast that Agnico Eagle Mines Limited will post 2.51 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

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

Analyst Ratings Changes

AEM has been the subject of a number of recent research reports. TD Securities cut 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 reiterated an "outperform overweight" rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. Raymond James increased their price objective on Agnico Eagle Mines from $66.00 to $71.00 and gave the company an "outperform" rating in a research report on Friday, January 12th. Jefferies Financial Group initiated coverage on Agnico Eagle Mines in a research report on Thursday, February 29th. They set a "hold" rating and a $54.00 price objective for the company. Finally, CIBC cut their price objective on 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. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Agnico Eagle Mines has an average rating of "Moderate Buy" and a consensus price target of $63.71.

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.