Agnico Eagle Mines Limited (NYSE:AEM) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC grew its holdings in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 65.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,788 shares of the mining company's stock after purchasing an additional 28,324 shares during the quarter. Empowered Funds LLC's holdings in Agnico Eagle Mines were worth $5,615,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Ritholtz Wealth Management raised its position in shares of Agnico Eagle Mines by 138.5% in the third quarter. Ritholtz Wealth Management now owns 8,072 shares of the mining company's stock valued at $650,000 after buying an additional 4,687 shares during the last quarter. Sapient Capital LLC grew its stake in Agnico Eagle Mines by 1.3% in the 3rd quarter. Sapient Capital LLC now owns 11,001 shares of the mining company's stock worth $886,000 after acquiring an additional 145 shares during the period. Creative Planning raised its holdings in Agnico Eagle Mines by 28.7% in the 3rd quarter. Creative Planning now owns 37,876 shares of the mining company's stock valued at $3,051,000 after acquiring an additional 8,456 shares during the last quarter. Generate Investment Management Ltd lifted its stake in shares of Agnico Eagle Mines by 57.0% during the 3rd quarter. Generate Investment Management Ltd now owns 311,818 shares of the mining company's stock worth $25,120,000 after purchasing an additional 113,178 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of Agnico Eagle Mines by 124.2% during the third quarter. Blue Trust Inc. now owns 3,663 shares of the mining company's stock worth $295,000 after purchasing an additional 2,029 shares during the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AEM. Jefferies Financial Group increased their target price on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a "hold" rating in a research report on Tuesday, January 7th. Royal Bank of Canada increased 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. Finally, Scotiabank boosted their target price on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the company a "sector outperform" rating in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $92.75.

Agnico Eagle Mines Trading Down 5.0 %

Shares of AEM stock traded down $5.06 during mid-day trading on Friday, reaching $95.75. The company's stock had a trading volume of 4,623,011 shares, compared to its average volume of 1,902,290. The company's 50 day simple moving average is $86.51 and its 200-day simple moving average is $83.22. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines Limited has a 12-month low of $45.75 and a 12-month high of $101.45. The firm has a market capitalization of $48.09 billion, a PE ratio of 47.87, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its 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 return on equity of 8.88% and a net margin of 12.86%. On average, research analysts predict that Agnico Eagle Mines Limited will post 4.14 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The company also recently announced 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 is Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.67%. Agnico Eagle Mines's payout ratio is currently 80.00%.

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.