Connor Clark & Lunn Investment Management Ltd. lifted its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,046,901 shares of the mining company's stock after buying an additional 154,003 shares during the period. Agnico Eagle Mines comprises 2.1% of Connor Clark & Lunn Investment Management Ltd.'s portfolio, making the stock its 6th largest holding. Connor Clark & Lunn Investment Management Ltd. owned about 1.20% of Agnico Eagle Mines worth $472,475,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the stock. Versant Capital Management Inc purchased a new stake in shares of Agnico Eagle Mines in the fourth quarter worth $26,000. Smartleaf Asset Management LLC increased its stake in shares of Agnico Eagle Mines by 859.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock worth $28,000 after purchasing an additional 318 shares in the last quarter. Decker Retirement Planning Inc. purchased a new stake in shares of Agnico Eagle Mines in the fourth quarter worth $29,000. Fifth Third Bancorp increased its stake in shares of Agnico Eagle Mines by 176.9% in the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company's stock worth $32,000 after purchasing an additional 260 shares in the last quarter. Finally, Duncker Streett & Co. Inc. increased its stake in shares of Agnico Eagle Mines by 37.3% in the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock worth $32,000 after purchasing an additional 112 shares in the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the stock. Scotiabank increased 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 research note on Tuesday, January 21st. Jefferies Financial Group upped their target price 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. Raymond James set a $105.00 target price on shares of Agnico Eagle Mines and gave the stock an "outperform" rating in a research report on Tuesday, February 4th. 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, TD Securities lowered their price objective 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. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $95.78.
Get Our Latest Report on AEM
Agnico Eagle Mines Trading Up 0.9 %
Shares of AEM stock traded up $0.97 on Friday, hitting $103.65. 2,997,811 shares of the stock traded hands, compared to its average volume of 2,336,926. The firm's 50-day moving average price is $93.47 and its two-hundred day moving average price is $86.06. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86. The stock has a market capitalization of $52.13 billion, a PE ratio of 27.42, a PEG ratio of 0.66 and a beta of 1.00. Agnico Eagle Mines Limited has a twelve month low of $54.02 and a twelve month high of $104.45.
Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its quarterly earnings results 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 net margin of 22.88% and a return on equity of 10.45%. As a group, analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.
Agnico Eagle Mines Announces Dividend
The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.54%. Agnico Eagle Mines's payout ratio is currently 42.33%.
About Agnico Eagle Mines
(
Free Report)
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.
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