Ontario Teachers Pension Plan Board Purchases Shares of 17,081 Agnico Eagle Mines Limited (NYSE:AEM)

Ontario Teachers Pension Plan Board acquired a new stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 17,081 shares of the mining company's stock, valued at approximately $1,335,000.

Other large investors also recently bought and sold shares of the company. Versant Capital Management Inc purchased a new position in Agnico Eagle Mines during the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC increased its holdings in shares of Agnico Eagle Mines by 859.5% in the 4th 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. acquired a new stake in Agnico Eagle Mines during the 4th quarter worth $29,000. Fifth Third Bancorp grew its position in Agnico Eagle Mines by 176.9% during the 4th quarter. Fifth Third Bancorp now owns 407 shares of the mining company's stock worth $32,000 after purchasing an additional 260 shares during the last quarter. Finally, Duncker Streett & Co. Inc. increased its stake in 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. Institutional investors and hedge funds own 68.34% of the company's stock.

Analyst Upgrades and Downgrades

AEM has been the topic of a number of analyst reports. Scotiabank reiterated an "outperform" rating on shares of Agnico Eagle Mines in a research report on Monday. Jefferies Financial Group boosted their price target on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a "hold" rating in a research note on Tuesday, January 7th. BMO Capital Markets began coverage on shares of Agnico Eagle Mines in a research report on Wednesday. They issued an "outperform" rating and a $181.00 price objective for the company. Bank of America raised their price target on Agnico Eagle Mines from $119.00 to $142.00 and gave the company a "buy" rating in a research report on Tuesday, April 8th. Finally, TD Securities lowered their price objective on shares of 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 investment analysts have rated the stock with a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Agnico Eagle Mines currently has an average rating of "Buy" and an average price target of $124.40.

Agnico Eagle Mines Stock Down 0.8 %

AEM stock traded down $0.96 during mid-day trading on Friday, reaching $121.58. The company had a trading volume of 3,552,155 shares, compared to its average volume of 2,417,228. The company has a market capitalization of $61.19 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 0.66 and a beta of 0.87. Agnico Eagle Mines Limited has a 52 week low of $61.56 and a 52 week high of $125.94. The stock has a 50 day simple moving average of $103.84 and a two-hundred day simple moving average of $91.07. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its quarterly earnings results on Thursday, February 13th. The mining company reported $1.26 earnings per share for the quarter, missing analysts' consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. As a group, equities analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.40 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.60 annualized dividend and a dividend yield of 1.32%. Agnico Eagle Mines's payout ratio is 42.33%.

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.