May Hill Capital LLC Acquires Shares of 3,183 Agnico Eagle Mines Limited (NYSE:AEM)

May Hill Capital LLC purchased a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,183 shares of the mining company's stock, valued at approximately $249,000.

Other large investors have also added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new stake in shares of Agnico Eagle Mines in the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC boosted its holdings 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 valued at $28,000 after acquiring an additional 318 shares during the last quarter. Decker Retirement Planning Inc. bought a new stake in shares of Agnico Eagle Mines in the fourth quarter worth approximately $29,000. Fifth Third Bancorp boosted its holdings in Agnico Eagle Mines by 176.9% in the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company's stock worth $32,000 after purchasing an additional 260 shares during the last quarter. Finally, Duncker Streett & Co. Inc. increased its position in shares of Agnico Eagle Mines by 37.3% during 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 last quarter. Institutional investors own 68.34% of the company's stock.

Analyst Ratings Changes

AEM has been the subject of a number of analyst reports. StockNews.com cut shares of Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. Stifel Canada upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Wednesday, March 19th. Scotiabank increased their price objective on Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, January 21st. Citigroup lifted their price objective on Agnico Eagle Mines from $100.00 to $140.00 and gave the company a "buy" rating in a report on Monday, March 31st. Finally, TD Securities cut their price objective on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating on the stock in a report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $108.00.

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Agnico Eagle Mines Trading Down 8.3 %

NYSE AEM traded down $9.04 during trading hours on Friday, reaching $99.45. The company had a trading volume of 7,707,968 shares, compared to its average volume of 2,361,688. Agnico Eagle Mines Limited has a 1-year low of $60.15 and a 1-year high of $111.04. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The stock has a 50-day moving average of $99.77 and a 200 day moving average of $88.71. The stock has a market capitalization of $50.02 billion, a P/E ratio of 26.31, a price-to-earnings-growth ratio of 0.66 and a beta of 0.87.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued 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 return on equity of 10.45% and a net margin of 22.88%. As a group, research analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.61%. 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 Company 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.