Occudo Quantitative Strategies LP bought a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,356 shares of the mining company's stock, valued at approximately $497,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC boosted its holdings in shares of Agnico Eagle Mines by 859.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock valued at $28,000 after acquiring an additional 318 shares during the period. Decker Retirement Planning Inc. bought a new position in Agnico Eagle Mines in the 4th quarter worth about $29,000. Fifth Third Bancorp increased its stake in shares of Agnico Eagle Mines by 176.9% in the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company's stock valued at $32,000 after purchasing an additional 260 shares during the period. Duncker Streett & Co. Inc. increased its stake in shares of Agnico Eagle Mines by 37.3% in the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock valued at $32,000 after purchasing an additional 112 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in Agnico Eagle Mines in the 4th quarter worth approximately $34,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
AEM has been the subject of several recent analyst reports. National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st. StockNews.com downgraded shares of Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. Stifel Canada raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Wednesday, March 19th. BMO Capital Markets assumed coverage on Agnico Eagle Mines in a research report on Wednesday, April 16th. They issued an "outperform" rating and a $181.00 target price for the company. Finally, TD Securities dropped their price objective on Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, Agnico Eagle Mines currently has a consensus rating of "Buy" and a consensus target price of $124.40.
Check Out Our Latest Report on AEM
Agnico Eagle Mines Stock Up 2.1%
Shares of Agnico Eagle Mines stock traded up $2.41 on Wednesday, hitting $114.98. 2,006,556 shares of the company traded hands, compared to its average volume of 2,535,024. Agnico Eagle Mines Limited has a 12-month low of $63.01 and a 12-month high of $126.76. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. The company has a market cap of $57.87 billion, a PE ratio of 30.40, a PEG ratio of 0.66 and a beta of 0.54. The company has a 50-day moving average price of $110.97 and a 200 day moving average price of $95.81.
Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its quarterly earnings data on Thursday, April 24th. The mining company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.14. The business had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.27 billion. Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. Agnico Eagle Mines's quarterly revenue was up 34.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.76 EPS. Sell-side analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.
Agnico Eagle Mines Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.39%. Agnico Eagle Mines's payout ratio is presently 34.04%.
Agnico Eagle Mines Profile
(
Free Report)
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.
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