Hillsdale Investment Management Inc. raised its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 276.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 709,227 shares of the mining company's stock after buying an additional 520,837 shares during the quarter. Agnico Eagle Mines comprises about 2.8% of Hillsdale Investment Management Inc.'s portfolio, making the stock its 6th biggest holding. Hillsdale Investment Management Inc. owned about 0.14% of Agnico Eagle Mines worth $55,425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also made changes to their positions in the stock. Intellus Advisors LLC acquired a new position in Agnico Eagle Mines in the 4th quarter valued at about $225,000. American Century Companies Inc. grew its holdings in shares of Agnico Eagle Mines by 10.2% in the fourth quarter. American Century Companies Inc. now owns 759,962 shares of the mining company's stock valued at $59,443,000 after purchasing an additional 70,157 shares in the last quarter. Virtu Financial LLC purchased a new stake in Agnico Eagle Mines during the 4th quarter worth approximately $1,292,000. Northwest & Ethical Investments L.P. lifted its holdings in Agnico Eagle Mines by 2.8% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 67,445 shares of the mining company's stock worth $5,267,000 after buying an additional 1,834 shares in the last quarter. Finally, Magnetar Financial LLC purchased a new position in Agnico Eagle Mines in the 4th quarter valued at approximately $523,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.
Agnico Eagle Mines Stock Performance
AEM traded down $0.89 during trading on Wednesday, hitting $104.56. The stock had a trading volume of 294,213 shares, compared to its average volume of 2,315,558. The firm has a market capitalization of $52.59 billion, a P/E ratio of 27.69, a PEG ratio of 0.66 and a beta of 1.00. The company's 50-day moving average price is $96.63 and its 200 day moving average price is $87.32. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86. Agnico Eagle Mines Limited has a twelve month low of $56.05 and a twelve month high of $107.88.
Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its quarterly earnings data 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%. On average, equities research analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.
Agnico Eagle Mines Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Friday, February 28th. Agnico Eagle Mines's dividend payout ratio is presently 42.33%.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on AEM shares. National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, March 21st. Stifel Canada upgraded Agnico Eagle Mines to a "strong-buy" rating in a report on Wednesday, March 19th. Scotiabank lifted their price objective on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a "sector outperform" rating in a research note on Tuesday, January 21st. StockNews.com lowered shares of Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. Finally, Royal Bank of Canada boosted their price target on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $95.78.
Check Out Our Latest Stock Report on Agnico Eagle Mines
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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