Van ECK Associates Corp Has $1.75 Billion Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Van ECK Associates Corp boosted its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,322,859 shares of the mining company's stock after purchasing an additional 778,919 shares during the period. Agnico Eagle Mines comprises approximately 2.2% of Van ECK Associates Corp's investment portfolio, making the stock its 5th biggest position. Van ECK Associates Corp owned approximately 4.44% of Agnico Eagle Mines worth $1,745,858,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Ritholtz Wealth Management boosted its position in Agnico Eagle Mines by 138.5% during the third quarter. Ritholtz Wealth Management now owns 8,072 shares of the mining company's stock valued at $650,000 after acquiring an additional 4,687 shares during the last quarter. Creative Planning boosted its position in Agnico Eagle Mines by 28.7% during the third quarter. Creative Planning now owns 37,876 shares of the mining company's stock valued at $3,051,000 after acquiring an additional 8,456 shares during the last quarter. Generate Investment Management Ltd boosted its position in Agnico Eagle Mines by 57.0% during the third quarter. Generate Investment Management Ltd now owns 311,818 shares of the mining company's stock valued at $25,120,000 after acquiring an additional 113,178 shares during the last quarter. Blue Trust Inc. boosted its position in Agnico Eagle Mines by 124.2% during the third quarter. Blue Trust Inc. now owns 3,663 shares of the mining company's stock valued at $295,000 after acquiring an additional 2,029 shares during the last quarter. Finally, Veracity Capital LLC bought a new stake in Agnico Eagle Mines during the third quarter valued at $231,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Down 5.0 %

Shares of AEM traded down $5.06 on Friday, reaching $95.75. The company's stock had a trading volume of 4,623,011 shares, compared to its average volume of 1,902,290. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines Limited has a twelve month low of $45.75 and a twelve month high of $101.45. The stock has a market capitalization of $48.09 billion, a PE ratio of 47.87, a PEG ratio of 0.66 and a beta of 1.10. The firm has a fifty day moving average of $86.51 and a 200-day moving average of $83.22.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its quarterly earnings data on Thursday, February 13th. The mining company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.44). Agnico Eagle Mines had a net margin of 12.86% and a return on equity of 8.88%. Equities analysts predict that Agnico Eagle Mines Limited will post 4.14 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, February 28th. This represents a $1.60 annualized dividend and a dividend yield of 1.67%. Agnico Eagle Mines's payout ratio is currently 80.00%.

Wall Street Analyst Weigh In

A number of brokerages have commented on AEM. Royal Bank of Canada upped their price target on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Jefferies Financial Group increased their price objective on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a "hold" rating in a research report on Tuesday, January 7th. Finally, Scotiabank increased 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 research report on Tuesday, January 21st. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Agnico Eagle Mines presently has a consensus rating of "Moderate Buy" and an average target price of $92.75.

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.