Generali Asset Management SPA SGR Acquires New Position in Agnico Eagle Mines Limited (NYSE:AEM)

Generali Asset Management SPA SGR purchased a new stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 535,957 shares of the mining company's stock, valued at approximately $46,377,000. Agnico Eagle Mines accounts for about 1.2% of Generali Asset Management SPA SGR's investment portfolio, making the stock its 16th largest holding. Generali Asset Management SPA SGR owned approximately 0.11% of Agnico Eagle Mines at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Versant Capital Management Inc purchased a new position in Agnico Eagle Mines in the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC raised its holdings in 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 during the last quarter. Decker Retirement Planning Inc. bought a new position in Agnico Eagle Mines in the 4th quarter worth $29,000. Fifth Third Bancorp raised its holdings in Agnico Eagle Mines by 176.9% in the 4th 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. raised 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 purchasing an additional 112 shares in the last quarter. Institutional investors own 68.34% of the company's stock.

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Agnico Eagle Mines Trading Down 1.0 %

Shares of Agnico Eagle Mines stock traded down $1.08 during mid-day trading on Friday, hitting $104.33. The stock had a trading volume of 2,190,397 shares, compared to its average volume of 2,321,818. The firm has a 50-day moving average of $95.77 and a two-hundred day moving average of $86.82. Agnico Eagle Mines Limited has a 12-month low of $55.64 and a 12-month high of $107.88. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. The firm has a market cap of $52.48 billion, a P/E ratio of 27.60, a price-to-earnings-growth ratio of 0.66 and a beta of 1.00.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its earnings results on Thursday, February 13th. The mining company reported $1.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. Sell-side analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

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 $0.40 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.53%. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 42.33%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Stifel Canada raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Wednesday. StockNews.com cut shares of Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. 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 research note on Tuesday, February 11th. Raymond James set a $105.00 price target on shares of Agnico Eagle Mines and gave the stock an "outperform" rating in a research report on Tuesday, February 4th. Finally, Jefferies Financial Group raised 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 investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Agnico Eagle Mines currently has an average rating of "Buy" and a consensus price target of $95.78.

Agnico Eagle Mines Company 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.