Phoenix Financial Ltd. Increases Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Phoenix Financial Ltd. increased its holdings in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 56.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,142 shares of the mining company's stock after acquiring an additional 2,930 shares during the quarter. Phoenix Financial Ltd.'s holdings in Agnico Eagle Mines were worth $637,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in Agnico Eagle Mines in the 4th quarter worth about $573,446,000. Arrowstreet Capital Limited Partnership raised its stake in Agnico Eagle Mines by 81.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,051,473 shares of the mining company's stock valued at $551,339,000 after purchasing an additional 3,155,927 shares in the last quarter. AGF Management Ltd. grew its position in Agnico Eagle Mines by 184.6% in the fourth quarter. AGF Management Ltd. now owns 1,395,850 shares of the mining company's stock worth $109,205,000 after acquiring an additional 905,328 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Agnico Eagle Mines by 3.6% during the 4th quarter. Van ECK Associates Corp now owns 22,322,859 shares of the mining company's stock valued at $1,745,858,000 after purchasing an additional 778,919 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Agnico Eagle Mines by 33.2% during the fourth quarter. Geode Capital Management LLC now owns 3,006,646 shares of the mining company's stock valued at $239,844,000 after buying an additional 749,932 shares during the last quarter. Hedge funds and other institutional investors own 68.34% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on AEM shares. UBS Group upped their price objective on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a "neutral" rating in a research note on Friday, April 11th. Bank of America upped their price target on Agnico Eagle Mines from $119.00 to $142.00 and gave the company a "buy" rating in a research report on Tuesday, April 8th. Stifel Canada upgraded Agnico Eagle Mines to a "strong-buy" rating in a report on Wednesday, March 19th. BMO Capital Markets started coverage on shares of Agnico Eagle Mines in a research note on Wednesday. They issued an "outperform" rating and a $181.00 price target on the stock. Finally, Citigroup lifted their price objective on shares of Agnico Eagle Mines from $100.00 to $140.00 and gave the company a "buy" rating in a research note on Monday, March 31st. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $124.40.

Agnico Eagle Mines Trading Up 2.2 %

NYSE AEM traded up $2.64 during trading hours on Wednesday, hitting $123.21. The company's stock had a trading volume of 2,848,798 shares, compared to its average volume of 2,424,248. Agnico Eagle Mines Limited has a twelve month low of $60.41 and a twelve month high of $125.88. The stock has a fifty day moving average of $102.46 and a 200 day moving average of $90.29. 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 firm has a market capitalization of $62.01 billion, a P/E ratio of 32.60, a PEG ratio of 0.66 and a beta of 0.87.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its earnings results on Thursday, February 13th. The mining company reported $1.26 earnings per share 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%. Equities research analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share 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. Stockholders of record on Friday, February 28th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Friday, February 28th. 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.