Magnetar Financial LLC Invests $523,000 in Agnico Eagle Mines Limited (NYSE:AEM)

Magnetar Financial LLC bought a new stake in shares of 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 (SEC). The firm bought 6,693 shares of the mining company's stock, valued at approximately $523,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in AEM. Versant Capital Management Inc bought a new position in shares of Agnico Eagle Mines in the 4th quarter valued at approximately $26,000. Smartleaf Asset Management LLC grew its holdings in 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 purchasing an additional 318 shares during the last quarter. Decker Retirement Planning Inc. acquired a new stake in shares of Agnico Eagle Mines in the fourth quarter worth $29,000. Fifth Third Bancorp lifted 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 worth $32,000 after buying an additional 260 shares during the last quarter. Finally, Duncker Streett & Co. Inc. boosted its holdings in shares of 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 buying an additional 112 shares during the period. Institutional investors and hedge funds own 68.34% of the company's stock.

Agnico Eagle Mines Price Performance

Shares of NYSE AEM traded down $0.72 during midday trading on Wednesday, reaching $104.73. 1,382,306 shares of the company traded hands, compared to its average volume of 2,319,627. Agnico Eagle Mines Limited has a 12 month low of $56.05 and a 12 month high of $107.88. 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 stock's 50-day simple moving average is $96.63 and its 200-day simple moving average is $87.32. The firm has a market cap of $52.68 billion, a PE ratio of 27.71, a PEG ratio of 0.66 and a beta of 1.00.

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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 (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.44). Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. As a group, equities analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.40 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.53%. Agnico Eagle Mines's payout ratio is 42.33%.

Analysts Set New Price Targets

Several research analysts have commented on the company. National Bank Financial upgraded Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, March 21st. StockNews.com cut shares of Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. Stifel Canada raised shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Wednesday, March 19th. Scotiabank boosted their price objective on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a "sector outperform" rating in a report on Tuesday, January 21st. Finally, Jefferies Financial Group increased their target price on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a "hold" rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Agnico Eagle Mines presently has an average rating of "Buy" and an average target price of $95.78.

Agnico Eagle Mines 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.