Agnico Eagle Mines Limited (NYSE:AEM) Stake Raised by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 243.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 504,522 shares of the mining company's stock after purchasing an additional 357,696 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.10% of Agnico Eagle Mines worth $39,431,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its position in shares of Agnico Eagle Mines by 3.0% during the third 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 in the last quarter. Bridgewater Associates LP grew its position in shares of Agnico Eagle Mines by 123.2% during the third quarter. Bridgewater Associates LP now owns 204,168 shares of the mining company's stock worth $16,448,000 after buying an additional 112,712 shares in the last quarter. Caldwell Investment Management Ltd. grew its position in shares of 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 worth $6,812,000 after buying an additional 9,400 shares in the last quarter. Forsta AP Fonden grew its position in shares of Agnico Eagle Mines by 8.9% during the fourth quarter. Forsta AP Fonden now owns 195,100 shares of the mining company's stock worth $15,256,000 after buying an additional 16,000 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in shares of Agnico Eagle Mines by 14.8% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 225,965 shares of the mining company's stock worth $18,223,000 after buying an additional 29,106 shares in the last quarter. Hedge funds and other institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Stock Performance

Shares of NYSE AEM traded up $0.79 during midday trading on Tuesday, reaching $96.64. 1,782,942 shares of the company traded hands, compared to its average volume of 2,077,831. Agnico Eagle Mines Limited has a 52 week low of $47.73 and a 52 week high of $101.45. The stock has a 50-day moving average price of $86.73 and a 200 day moving average price of $83.40. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83. The company has a market cap of $48.54 billion, a price-to-earnings ratio of 48.36, a PEG ratio of 0.66 and a beta of 1.10.

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 for the quarter, missing analysts' consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a net margin of 12.86% and a return on equity of 8.88%. Sell-side analysts anticipate that Agnico Eagle Mines Limited will post 4.14 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The firm 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. This represents a $1.60 annualized dividend and a yield of 1.66%. The ex-dividend date is Friday, February 28th. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 80.00%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Jefferies Financial Group raised their price target 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. Scotiabank lifted their price objective on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a "sector outperform" rating in a report on Tuesday, January 21st. StockNews.com raised shares of Agnico Eagle Mines from a "buy" rating to a "strong-buy" rating in a report on Monday. Finally, Royal Bank of Canada lifted their price objective on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $92.75.

Agnico Eagle Mines 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.