Intact Investment Management Inc. Purchases 31,530 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Intact Investment Management Inc. raised its position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 15.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 239,870 shares of the mining company's stock after acquiring an additional 31,530 shares during the quarter. Intact Investment Management Inc.'s holdings in Agnico Eagle Mines were worth $18,764,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AEM. Duncker Streett & Co. Inc. boosted its position in shares of Agnico Eagle Mines by 37.3% during the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock valued at $32,000 after purchasing an additional 112 shares in the last quarter. Pinnacle Wealth Management Group Inc. lifted its position in Agnico Eagle Mines by 0.5% during the fourth quarter. Pinnacle Wealth Management Group Inc. now owns 24,407 shares of the mining company's stock valued at $1,909,000 after buying an additional 125 shares during the period. Diversify Wealth Management LLC lifted its position in Agnico Eagle Mines by 2.1% during the fourth quarter. Diversify Wealth Management LLC now owns 6,753 shares of the mining company's stock valued at $569,000 after buying an additional 141 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Agnico Eagle Mines by 34.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the mining company's stock valued at $51,000 after buying an additional 165 shares in the last quarter. Finally, Scheer Rowlett & Associates Investment Management Ltd. grew its position in shares of Agnico Eagle Mines by 3.6% in the 4th quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 4,976 shares of the mining company's stock worth $389,000 after buying an additional 171 shares during the period. Hedge funds and other institutional investors own 68.34% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Raymond James set a $105.00 price target on shares of Agnico Eagle Mines and gave the company an "outperform" rating in a research report on Tuesday, February 4th. Jefferies Financial Group boosted their price target 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. Scotiabank raised their price objective on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a "sector outperform" rating in a research report on Tuesday, January 21st. Royal Bank of Canada boosted their target price on Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Finally, TD Securities reduced their price target on Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. One 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, Agnico Eagle Mines currently has an average rating of "Moderate Buy" and a consensus target price of $95.78.

Agnico Eagle Mines Stock Performance

Shares of NYSE:AEM traded up $0.55 during midday trading on Tuesday, reaching $105.83. 2,751,908 shares of the company's stock traded hands, compared to its average volume of 2,338,487. Agnico Eagle Mines Limited has a one year low of $54.02 and a one year high of $107.76. The stock has a 50 day moving average of $93.99 and a 200 day moving average of $86.23. The company has a market cap of $53.23 billion, a price-to-earnings ratio of 28.00, a P/E/G ratio of 0.66 and a beta of 1.00. 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 (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 (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 fiscal year.

Agnico Eagle Mines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend was Friday, February 28th. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 42.33%.

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.