Alberta Investment Management Corp Raises Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Alberta Investment Management Corp raised its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 0.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,097,601 shares of the mining company's stock after buying an additional 4,200 shares during the period. Agnico Eagle Mines accounts for approximately 1.1% of Alberta Investment Management Corp's portfolio, making the stock its 8th biggest holding. Alberta Investment Management Corp owned 0.42% of Agnico Eagle Mines worth $164,022,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of Agnico Eagle Mines by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,136,854 shares of the mining company's stock worth $91,681,000 after buying an additional 32,991 shares during the period. Bridgewater Associates LP lifted its position in Agnico Eagle Mines by 123.2% during the 3rd quarter. Bridgewater Associates LP now owns 204,168 shares of the mining company's stock worth $16,448,000 after acquiring an additional 112,712 shares during the last quarter. Caldwell Investment Management Ltd. boosted its holdings in Agnico Eagle Mines by 12.0% during the fourth quarter. Caldwell Investment Management Ltd. now owns 87,700 shares of the mining company's stock valued at $6,812,000 after acquiring an additional 9,400 shares during the period. Forsta AP Fonden grew its position in shares of Agnico Eagle Mines by 8.9% in the fourth quarter. Forsta AP Fonden now owns 195,100 shares of the mining company's stock valued at $15,256,000 after purchasing an additional 16,000 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in Agnico Eagle Mines by 14.8% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 225,965 shares of the mining company's stock valued at $18,223,000 after buying an additional 29,106 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company's stock.

Wall Street Analysts Forecast Growth

AEM has been the subject of several research reports. Royal Bank of Canada increased their price objective on Agnico Eagle Mines from $96.00 to $105.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. TD Securities decreased their target price on Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating on the stock in a research report on Wednesday. Jefferies Financial Group upped their price target on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a "hold" rating in a report on Tuesday, January 7th. Scotiabank raised their price objective on 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. Finally, StockNews.com upgraded Agnico Eagle Mines from a "buy" rating to a "strong-buy" rating in a research report on Monday. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of "Buy" and a consensus target price of $94.63.

Agnico Eagle Mines Price Performance

Shares of AEM traded down $1.96 during mid-day trading on Friday, reaching $96.09. The company had a trading volume of 2,365,792 shares, compared to its average volume of 2,169,697. The company's 50-day moving average is $87.46 and its 200-day moving average is $83.76. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. The company has a market capitalization of $48.32 billion, a P/E ratio of 25.42, a P/E/G ratio of 0.67 and a beta of 1.10. Agnico Eagle Mines Limited has a twelve month low of $47.73 and a twelve month high of $101.45.

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

Agnico Eagle Mines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.40 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.67%. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 42.33%.

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.