Rockefeller Capital Management L.P. Invests $783,000 in Agnico Eagle Mines Limited (NYSE:AEM)

Rockefeller Capital Management L.P. purchased a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 10,011 shares of the mining company's stock, valued at approximately $783,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Versant Capital Management Inc bought a new position in shares of Agnico Eagle Mines during the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC increased its position in shares of Agnico Eagle Mines by 859.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock valued at $28,000 after purchasing an additional 318 shares during the last quarter. Decker Retirement Planning Inc. bought a new position in shares of Agnico Eagle Mines during the 4th quarter valued at about $29,000. Fifth Third Bancorp increased its position in shares of Agnico Eagle Mines by 176.9% during the 4th 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 last quarter. Finally, Duncker Streett & Co. Inc. grew its position in Agnico Eagle Mines by 37.3% during the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock worth $32,000 after acquiring an additional 112 shares during the last quarter. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Agnico Eagle Mines Stock Up 0.4 %

Shares of AEM traded up $0.45 on Monday, reaching $118.96. The stock had a trading volume of 3,109,937 shares, compared to its average volume of 2,434,876. The firm has a market capitalization of $59.87 billion, a price-to-earnings ratio of 31.47, a price-to-earnings-growth ratio of 0.66 and a beta of 0.87. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86. The company has a 50-day simple moving average of $106.50 and a 200-day simple moving average of $92.95. Agnico Eagle Mines Limited has a 12-month low of $63.01 and a 12-month high of $126.76.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its earnings results on Thursday, April 24th. The mining company reported $1.53 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.14. The company had revenue of $2.38 billion during the quarter, compared to analysts' expectations of $2.27 billion. Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. The firm's revenue for the quarter was up 34.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 EPS. Sell-side analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

The company also recently announced 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Monday, December 1st. Agnico Eagle Mines's payout ratio is presently 34.04%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AEM. TD Securities reduced their price target on Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Bank of America raised their price target on Agnico Eagle Mines from $119.00 to $142.00 and gave the stock a "buy" rating in a research report on Tuesday, April 8th. Stifel Canada upgraded Agnico Eagle Mines to a "strong-buy" rating in a research report on Wednesday, March 19th. StockNews.com lowered Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Finally, Royal Bank of Canada raised their price target on Agnico Eagle Mines from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $124.40.

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.