5,865 Shares in Agnico Eagle Mines Limited (NYSE:AEM) Purchased by Argent Trust Co

Argent Trust Co purchased a new stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,865 shares of the mining company's stock, valued at approximately $459,000.

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in Agnico Eagle Mines during the fourth quarter worth $573,446,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of 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 during the period. AGF Management Ltd. boosted its position in shares of Agnico Eagle Mines by 184.6% during the 4th quarter. AGF Management Ltd. now owns 1,395,850 shares of the mining company's stock worth $109,205,000 after purchasing an additional 905,328 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Agnico Eagle Mines by 3.6% in 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 during the period. Finally, Geode Capital Management LLC grew its stake in shares of Agnico Eagle Mines by 33.2% in the 4th 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 period. 68.34% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several research analysts have issued reports on the company. Royal Bank of Canada increased their price target on Agnico Eagle Mines from $110.00 to $115.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. UBS Group increased their target price on Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday. TD Securities reduced 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. National Bank Financial upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, March 21st. Finally, Raymond James lifted their price objective on shares of Agnico Eagle Mines from $105.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $114.00.

Agnico Eagle Mines Stock Performance

Shares of NYSE AEM traded up $0.83 during midday trading on Monday, reaching $118.48. The company's stock had a trading volume of 3,720,446 shares, compared to its average volume of 2,426,393. The stock has a market capitalization of $59.63 billion, a P/E ratio of 31.34, a PEG ratio of 0.66 and a beta of 0.87. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. The firm has a 50 day moving average price of $102.03 and a 200-day moving average price of $90.08. Agnico Eagle Mines Limited has a 12-month low of $60.15 and a 12-month high of $119.25.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its quarterly earnings data on Thursday, February 13th. The mining company reported $1.26 earnings per share 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, equities analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given 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 1.35%. Agnico Eagle Mines's payout ratio is currently 42.33%.

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.