Intech Investment Management LLC bought a new position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 28,053 shares of the mining company's stock, valued at approximately $2,194,000.
Other institutional investors have also modified their holdings of the company. Duncker Streett & Co. Inc. raised its stake in 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 buying an additional 112 shares in the last quarter. Pinnacle Wealth Management Group Inc. raised its position in shares of Agnico Eagle Mines by 0.5% during the 4th quarter. Pinnacle Wealth Management Group Inc. now owns 24,407 shares of the mining company's stock valued at $1,909,000 after acquiring an additional 125 shares in the last quarter. Diversify Wealth Management LLC lifted its stake 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 worth $569,000 after purchasing an additional 141 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Agnico Eagle Mines by 34.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the mining company's stock worth $51,000 after purchasing an additional 165 shares during the period. Finally, Scheer Rowlett & Associates Investment Management Ltd. increased its stake in Agnico Eagle Mines by 3.6% during the fourth quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 4,976 shares of the mining company's stock valued at $389,000 after purchasing an additional 171 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company's stock.
Agnico Eagle Mines Stock Performance
AEM stock traded up $1.27 during trading on Tuesday, reaching $105.45. 2,073,519 shares of the company's stock were exchanged, compared to its average volume of 2,322,949. The firm has a market cap of $53.04 billion, a PE ratio of 27.90, a P/E/G ratio of 0.66 and a beta of 1.00. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines Limited has a 1-year low of $55.98 and a 1-year high of $107.88. The company's fifty day moving average price is $96.20 and its 200-day moving average price is $87.12.
Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced 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 net margin of 22.88% and a return on equity of 10.45%. On average, research analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.
Agnico Eagle Mines Announces Dividend
The company also recently announced 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. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.60 annualized dividend and a yield of 1.52%. Agnico Eagle Mines's payout ratio is 42.33%.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on AEM shares. Scotiabank raised their price target on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, January 21st. Stifel Canada raised shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Wednesday, March 19th. Raymond James set a $105.00 target price on Agnico Eagle Mines and gave the company an "outperform" rating in a report on Tuesday, February 4th. National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a report on Friday. Finally, TD Securities lowered their price objective on Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Agnico Eagle Mines currently has an average rating of "Buy" and a consensus target price of $95.78.
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About Agnico Eagle Mines
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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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