Short Interest in Agnico Eagle Mines Limited (NYSE:AEM) Grows By 22.4%

Agnico Eagle Mines Limited (NYSE:AEM - Get Free Report) TSE: AEM was the recipient of a large growth in short interest in February. As of February 28th, there was short interest totalling 6,400,000 shares, a growth of 22.4% from the February 13th total of 5,230,000 shares. Currently, 1.3% of the shares of the stock are short sold. Based on an average trading volume of 2,110,000 shares, the days-to-cover ratio is presently 3.0 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. TD Securities lowered their price target on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Raymond James set a $105.00 price target on shares of Agnico Eagle Mines and gave the company an "outperform" rating in a research note on Tuesday, February 4th. Jefferies Financial Group boosted 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. 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. Finally, Stifel Canada upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $95.78.

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Agnico Eagle Mines Stock Down 1.0 %

AEM traded down $1.08 during trading on Friday, reaching $104.33. The stock had a trading volume of 2,190,397 shares, compared to its average volume of 2,321,818. Agnico Eagle Mines has a one year low of $55.64 and a one year high of $107.88. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The stock's 50 day moving average is $95.77 and its two-hundred day moving average is $86.82. The company has a market capitalization of $52.48 billion, a price-to-earnings ratio of 27.60, a P/E/G 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 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 will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend was Friday, February 28th. Agnico Eagle Mines's payout ratio is 42.33%.

Hedge Funds Weigh In On Agnico Eagle Mines

Several large investors have recently modified their holdings of the stock. Van ECK Associates Corp increased its position in 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 buying an additional 778,919 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Agnico Eagle Mines by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 19,865,285 shares of the mining company's stock valued at $1,554,180,000 after acquiring an additional 331,087 shares in the last quarter. FMR LLC increased its holdings in shares of Agnico Eagle Mines by 43.5% in the third quarter. FMR LLC now owns 15,061,244 shares of the mining company's stock valued at $1,213,311,000 after purchasing an additional 4,562,005 shares during the last quarter. Capital World Investors increased its stake in Agnico Eagle Mines by 41.9% during the fourth quarter. Capital World Investors now owns 13,952,061 shares of the mining company's stock worth $1,091,550,000 after acquiring an additional 4,121,164 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in Agnico Eagle Mines by 0.7% during the fourth quarter. Deutsche Bank AG now owns 11,916,739 shares of the mining company's stock worth $932,008,000 after acquiring an additional 87,410 shares during the last quarter. Institutional investors own 68.34% of the company's stock.

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.