Natixis Advisors LLC Acquires 6,171 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Natixis Advisors LLC raised its holdings in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 7.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 92,792 shares of the mining company's stock after buying an additional 6,171 shares during the quarter. Natixis Advisors LLC's holdings in Agnico Eagle Mines were worth $7,257,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in Agnico Eagle Mines by 1.4% during the third quarter. Principal Financial Group Inc. now owns 21,822 shares of the mining company's stock valued at $1,760,000 after acquiring an additional 302 shares during the period. Atria Investments Inc bought a new stake in shares of Agnico Eagle Mines during the third quarter valued at approximately $239,000. LMR Partners LLP acquired a new position in shares of Agnico Eagle Mines in the third quarter valued at $244,000. Pathstone Holdings LLC lifted its position in Agnico Eagle Mines by 1.4% in the third quarter. Pathstone Holdings LLC now owns 16,468 shares of the mining company's stock worth $1,327,000 after purchasing an additional 230 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in Agnico Eagle Mines by 8.7% during the third quarter. PNC Financial Services Group Inc. now owns 11,995 shares of the mining company's stock worth $966,000 after buying an additional 965 shares in the last quarter. 68.34% of the stock is owned by institutional investors.

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Agnico Eagle Mines Price Performance

NYSE:AEM traded up $1.27 during mid-day trading on Tuesday, reaching $105.45. 2,072,535 shares of the company were exchanged, compared to its average volume of 2,322,949. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. The stock has a market cap of $53.04 billion, a PE ratio of 27.90, a PEG ratio of 0.66 and a beta of 1.00. Agnico Eagle Mines Limited has a 12 month low of $55.98 and a 12 month high of $107.88. The company has a fifty day moving average of $96.20 and a 200 day moving average of $87.12.

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 (EPS) 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%. On average, research analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.40 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.52%. Agnico Eagle Mines's payout ratio is 42.33%.

Wall Street Analysts Forecast Growth

AEM has been the subject of a number of recent research reports. National Bank Financial upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday. Raymond James set a $105.00 price target on shares of Agnico Eagle Mines and gave the stock an "outperform" rating in a research report on Tuesday, February 4th. Jefferies Financial Group lifted their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a "hold" rating in a report on Tuesday, January 7th. TD Securities dropped their target price 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. Finally, Royal Bank of Canada raised their target price on Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. One analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Agnico Eagle Mines has an average rating of "Buy" and a consensus price target of $95.78.

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.