Cinctive Capital Management LP Takes Position in Agnico Eagle Mines Limited (NYSE:AEM)

Cinctive Capital Management LP purchased a new position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 116,547 shares of the mining company's stock, valued at approximately $9,115,000.

A number of other hedge funds have also recently modified their holdings of the business. Versant Capital Management Inc purchased a new position in Agnico Eagle Mines during the fourth quarter valued at $26,000. Smartleaf Asset Management LLC lifted its position in shares of Agnico Eagle Mines by 859.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock valued at $28,000 after buying an additional 318 shares in the last quarter. Decker Retirement Planning Inc. purchased a new position in shares of Agnico Eagle Mines during the 4th quarter valued at about $29,000. Fifth Third Bancorp grew its stake 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 valued at $32,000 after acquiring an additional 260 shares during the period. Finally, Duncker Streett & Co. Inc. increased its holdings in Agnico Eagle Mines by 37.3% in the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock worth $32,000 after acquiring an additional 112 shares in the last quarter. Institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock traded down $0.67 during midday trading on Monday, reaching $98.81. 3,603,048 shares of the stock traded hands, compared to its average volume of 2,506,778. The stock has a market cap of $49.70 billion, a P/E ratio of 26.14, a PEG ratio of 0.66 and a beta of 0.87. The stock's fifty day moving average is $99.77 and its 200-day moving average is $88.76. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines Limited has a 12 month low of $60.15 and a 12 month high of $111.04.

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Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its earnings results on Thursday, February 13th. The mining company reported $1.26 EPS 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%. As a group, equities research analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The firm 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. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.62%. Agnico Eagle Mines's payout ratio is currently 42.33%.

Analysts Set New Price Targets

A number of research firms have weighed in on AEM. Scotiabank upped their price target on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, January 21st. Citigroup upped their target price on shares of Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a "buy" rating in a report on Monday, March 31st. Royal Bank of Canada raised their price target on Agnico Eagle Mines from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Friday. National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st. Finally, TD Securities cut their target price on 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. Two analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Agnico Eagle Mines has an average rating of "Buy" and an average target price of $108.00.

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.