Erste Asset Management GmbH Increases Stock Position in Agnico Eagle Mines Limited (NYSE:AEM)

Erste Asset Management GmbH raised its holdings in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 126,200 shares of the mining company's stock after purchasing an additional 2,800 shares during the period. Erste Asset Management GmbH's holdings in Agnico Eagle Mines were worth $9,943,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Agnico Eagle Mines by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,136,854 shares of the mining company's stock valued at $91,681,000 after purchasing an additional 32,991 shares in the last quarter. Bridgewater Associates LP raised its position in shares of Agnico Eagle Mines by 123.2% in the third quarter. Bridgewater Associates LP now owns 204,168 shares of the mining company's stock valued at $16,448,000 after buying an additional 112,712 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Agnico Eagle Mines by 78.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,259 shares of the mining company's stock valued at $255,000 after buying an additional 1,431 shares during the last quarter. Caldwell Investment Management Ltd. raised its position in shares of Agnico Eagle Mines by 12.0% in the fourth quarter. Caldwell Investment Management Ltd. now owns 87,700 shares of the mining company's stock valued at $6,812,000 after buying an additional 9,400 shares during the last quarter. Finally, Forsta AP Fonden raised 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 buying an additional 16,000 shares during the last quarter. Hedge funds and other institutional investors own 68.34% of the company's stock.

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Analyst Ratings Changes

AEM has been the subject of a number of analyst reports. StockNews.com lowered shares of Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Royal Bank of Canada boosted their price objective 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 boosted their price objective on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a "hold" rating in a research report on Tuesday, January 7th. Scotiabank boosted their price objective on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the company a "sector outperform" rating in a research report on Tuesday, January 21st. Finally, Raymond James set a $105.00 price target on shares of Agnico Eagle Mines and gave the stock an "outperform" rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Agnico Eagle Mines currently has an average rating of "Moderate Buy" and a consensus price target of $95.78.

Agnico Eagle Mines Trading Up 0.5 %

AEM traded up $0.55 during trading on Tuesday, hitting $105.83. 2,751,891 shares of the company's stock were exchanged, compared to its average volume of 2,338,485. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines Limited has a 1 year low of $54.02 and a 1 year high of $107.76. The stock has a 50 day moving average price of $93.99 and a 200 day moving average price of $86.23. The firm has a market cap of $53.23 billion, a P/E ratio of 28.00, a price-to-earnings-growth ratio of 0.66 and a beta of 1.00.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly earnings data 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 return on equity of 10.45% and a net margin of 22.88%. As a group, analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.60 annualized dividend and a yield of 1.51%. Agnico Eagle Mines's dividend payout ratio is currently 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.