Lbp Am Sa Increases Position in Agnico Eagle Mines Limited (NYSE:AEM)

LBP AM SA raised its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 89.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 310,192 shares of the mining company's stock after acquiring an additional 146,789 shares during the quarter. LBP AM SA owned approximately 0.06% of Agnico Eagle Mines worth $24,260,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AEM. Versant Capital Management Inc acquired a new stake in Agnico Eagle Mines during the fourth quarter worth approximately $26,000. Smartleaf Asset Management LLC lifted its stake in shares of Agnico Eagle Mines by 859.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock worth $28,000 after purchasing an additional 318 shares during the period. Decker Retirement Planning Inc. acquired a new stake in shares of Agnico Eagle Mines during the fourth quarter worth $29,000. Fifth Third Bancorp grew its position in shares of Agnico Eagle Mines by 176.9% in the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company's stock valued at $32,000 after purchasing an additional 260 shares during the period. Finally, Duncker Streett & Co. Inc. lifted its position 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 worth $32,000 after buying an additional 112 shares during the period. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

AEM has been the subject of several recent analyst reports. Raymond James set a $105.00 price target on Agnico Eagle Mines and gave the company an "outperform" rating in a report on Tuesday, February 4th. Scotiabank upped 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. Jefferies Financial Group lifted their price target on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a "hold" rating in a report on Tuesday, January 7th. Royal Bank of Canada upped their price objective 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 target price on Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating on the stock 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, the company has a consensus rating of "Moderate Buy" and an average target price of $95.78.

Agnico Eagle Mines Stock Up 0.5 %

NYSE:AEM traded up $0.55 during mid-day trading on Tuesday, hitting $105.83. The company had a trading volume of 2,751,908 shares, compared to its average volume of 2,338,486. The business has a fifty day simple moving average of $93.99 and a 200-day simple moving average of $86.23. The firm has a market capitalization of $53.23 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 0.66 and a beta of 1.00. Agnico Eagle Mines Limited has a 1 year low of $54.02 and a 1 year high of $107.76. 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 (NYSE:AEM - Get Free Report) TSE: AEM last announced its earnings results on Thursday, February 13th. The mining company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.44). Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. Equities analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share 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. Stockholders of record on Friday, February 28th were given a dividend of $0.40 per share. The ex-dividend date was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.51%. Agnico Eagle Mines's payout ratio is currently 42.33%.

About Agnico Eagle Mines

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.