Mariner LLC Boosts Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Mariner LLC increased its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 15.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,024 shares of the mining company's stock after purchasing an additional 6,171 shares during the quarter. Mariner LLC's holdings in Agnico Eagle Mines were worth $3,521,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AEM. MML Investors Services LLC acquired a new position in shares of Agnico Eagle Mines in the 3rd quarter valued at $252,000. Te Ahumairangi Investment Management Ltd lifted its position in Agnico Eagle Mines by 1.7% during the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 63,461 shares of the mining company's stock valued at $5,089,000 after purchasing an additional 1,047 shares during the period. World Investment Advisors LLC acquired a new position in shares of Agnico Eagle Mines in the 3rd quarter valued at $359,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Agnico Eagle Mines in the third quarter worth $1,818,000. Finally, Lord Abbett & CO. LLC increased its position in Agnico Eagle Mines by 22.3% during the third quarter. Lord Abbett & CO. LLC now owns 431,200 shares of the mining company's stock worth $34,736,000 after buying an additional 78,700 shares during the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

Agnico Eagle Mines Price Performance

Shares of NYSE AEM traded down $0.98 during midday trading on Friday, reaching $118.65. 2,541,415 shares of the company were exchanged, compared to its average volume of 2,451,793. Agnico Eagle Mines Limited has a one year low of $63.01 and a one year high of $126.76. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. The stock has a market cap of $59.71 billion, a P/E ratio of 31.38, a PEG ratio of 0.66 and a beta of 0.87. The stock's 50-day moving average price is $105.66 and its 200-day moving average price is $92.20.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its quarterly earnings data on Thursday, April 24th. The mining company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.39 by $0.14. Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. The business had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.27 billion. On average, sell-side 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 firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Friday, February 28th. Agnico Eagle Mines's payout ratio is 42.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AEM shares. Raymond James lifted their target price on shares of Agnico Eagle Mines from $105.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. TD Securities reduced their price objective on Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Scotiabank reissued an "outperform" rating on shares of Agnico Eagle Mines in a research report on Monday, April 14th. Royal Bank of Canada upped their target price on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Finally, Bank of America increased their price target on shares of Agnico Eagle Mines from $119.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $124.40.

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.