Rockefeller Capital Management L.P. Invests $783,000 in Agnico Eagle Mines Limited (NYSE:AEM)

Rockefeller Capital Management L.P. acquired a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,011 shares of the mining company's stock, valued at approximately $783,000.

A number of other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc bought a new position in Agnico Eagle Mines during the 4th quarter valued at approximately $26,000. Smartleaf Asset Management LLC increased its stake in shares of Agnico Eagle Mines by 859.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock valued at $28,000 after buying an additional 318 shares during the period. Decker Retirement Planning Inc. bought a new position in shares of Agnico Eagle Mines during the fourth quarter valued at approximately $29,000. Fifth Third Bancorp lifted its stake 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 acquiring an additional 260 shares during the period. Finally, Duncker Streett & Co. Inc. boosted its holdings in Agnico Eagle Mines by 37.3% in the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock valued at $32,000 after acquiring an additional 112 shares in the last quarter. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on AEM. National Bank Financial upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, March 21st. Jefferies Financial Group raised their price objective on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a "hold" rating in a report on Tuesday, January 7th. StockNews.com downgraded Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. TD Securities lowered their target price 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. Finally, Bank of America upped their price target on Agnico Eagle Mines from $119.00 to $142.00 and gave the stock a "buy" rating in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Agnico Eagle Mines currently has a consensus rating of "Buy" and a consensus target price of $124.40.

Agnico Eagle Mines Stock Down 0.8 %

AEM traded down $0.95 during trading on Friday, hitting $118.68. 3,214,609 shares of the company's stock traded hands, compared to its average volume of 2,442,449. The stock has a market capitalization of $59.73 billion, a price-to-earnings ratio of 31.40, a PEG ratio of 0.66 and a beta of 0.87. The company's 50 day simple moving average is $106.09 and its two-hundred day simple moving average is $92.48. Agnico Eagle Mines Limited has a 12-month low of $63.01 and a 12-month high of $126.76. 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 released its quarterly earnings data on Thursday, April 24th. The mining company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.39 by $0.14. Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. The company had revenue of $2.38 billion for the quarter, compared to analysts' expectations of $2.27 billion. Analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a $0.40 dividend. The ex-dividend date is Monday, December 1st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.35%. Agnico Eagle Mines's dividend payout ratio 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.