Invesco Ltd. grew its position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 0.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,189,926 shares of the mining company's stock after purchasing an additional 7,221 shares during the quarter. Invesco Ltd. owned 0.64% of Agnico Eagle Mines worth $249,484,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new stake in shares of Agnico Eagle Mines during the fourth quarter worth $26,000. Smartleaf Asset Management LLC lifted its stake in Agnico Eagle Mines by 859.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock worth $28,000 after acquiring an additional 318 shares in the last quarter. Decker Retirement Planning Inc. purchased a new position in Agnico Eagle Mines during the 4th quarter valued at about $29,000. Fifth Third Bancorp grew its stake in Agnico Eagle Mines by 176.9% during the 4th quarter. Fifth Third Bancorp now owns 407 shares of the mining company's stock valued at $32,000 after acquiring an additional 260 shares in the last quarter. Finally, Duncker Streett & Co. Inc. increased its holdings in shares of Agnico Eagle Mines by 37.3% in the 4th 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 during the period. 68.34% of the stock is currently owned by institutional investors.
Agnico Eagle Mines Stock Performance
AEM traded up $3.13 during trading on Wednesday, hitting $123.70. The stock had a trading volume of 2,515,782 shares, compared to its average volume of 2,791,504. The firm has a market cap of $62.25 billion, a PE ratio of 32.72, a P/E/G ratio of 0.66 and a beta of 0.87. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines Limited has a 12 month low of $61.56 and a 12 month high of $125.94. The company has a 50 day simple moving average of $102.46 and a 200-day simple moving average of $90.29.
Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its quarterly earnings data 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 10.45% and a net margin of 22.88%. Analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.
Agnico Eagle Mines Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.29%. The ex-dividend date was Friday, February 28th. Agnico Eagle Mines's payout ratio is currently 42.33%.
Analyst Upgrades and Downgrades
Several research firms have weighed in on AEM. BMO Capital Markets began coverage on shares of Agnico Eagle Mines in a research note on Wednesday. They issued an "outperform" rating and a $181.00 price objective on the stock. TD Securities dropped their price target on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. Citigroup upped their target price on Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, March 31st. Scotiabank boosted their price target on Agnico Eagle Mines from $105.00 to $126.00 and gave the company a "sector outperform" rating in a research note on Monday. Finally, Stifel Canada upgraded Agnico Eagle Mines to a "strong-buy" rating in a report on Wednesday, March 19th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $124.40.
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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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