Agnico Eagle Mines Limited (NYSE:AEM) Shares Bought by CIBC Asset Management Inc

CIBC Asset Management Inc grew its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 5.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,383,024 shares of the mining company's stock after purchasing an additional 332,576 shares during the quarter. Agnico Eagle Mines makes up about 1.6% of CIBC Asset Management Inc's investment portfolio, making the stock its 16th biggest position. CIBC Asset Management Inc owned 1.27% of Agnico Eagle Mines worth $499,956,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc acquired a new stake in shares of Agnico Eagle Mines during the 4th quarter worth $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of Agnico Eagle Mines during the 4th quarter worth $29,000. FSC Wealth Advisors LLC acquired a new stake in shares of Agnico Eagle Mines during the 3rd quarter worth $32,000. Fifth Third Bancorp increased its holdings in shares of Agnico Eagle Mines by 176.9% during the 4th quarter. Fifth Third Bancorp now owns 407 shares of the mining company's stock worth $32,000 after buying an additional 260 shares during the last quarter. Finally, Montag A & Associates Inc. increased its holdings in shares of Agnico Eagle Mines by 85.2% during the 4th quarter. Montag A & Associates Inc. now owns 500 shares of the mining company's stock worth $39,000 after buying an additional 230 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Down 0.0 %

NYSE:AEM traded down $0.05 on Thursday, reaching $98.01. The stock had a trading volume of 2,463,310 shares, compared to its average volume of 2,181,293. 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 company has a 50-day moving average of $87.46 and a 200 day moving average of $83.76. The stock has a market cap of $49.29 billion, a P/E ratio of 25.93, a price-to-earnings-growth ratio of 0.65 and a beta of 1.10. Agnico Eagle Mines Limited has a 12-month low of $47.73 and a 12-month high of $101.45.

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 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%. On average, research analysts predict that Agnico Eagle Mines Limited will post 4.7 earnings per share for the current year.

Agnico Eagle Mines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.60 annualized dividend and a dividend yield of 1.63%. Agnico Eagle Mines's payout ratio is 42.33%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. StockNews.com upgraded Agnico Eagle Mines from a "buy" rating to a "strong-buy" rating in a report on Monday. Royal Bank of Canada increased their price target on Agnico Eagle Mines from $96.00 to $105.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. TD Securities lowered their price target on Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating for the company in a report on Wednesday. Scotiabank increased their price target on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a "sector outperform" rating in a report on Tuesday, January 21st. Finally, Jefferies Financial Group increased their price target on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a "hold" rating in a report on Tuesday, January 7th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $94.63.

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.