Russell Investments Group Ltd. reduced its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 27.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 386,380 shares of the mining company's stock after selling 145,993 shares during the period. Russell Investments Group Ltd. owned about 0.08% of Agnico Eagle Mines worth $30,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently added to or reduced their stakes in AEM. Van ECK Associates Corp increased its holdings in shares of Agnico Eagle Mines by 3.6% in the fourth quarter. Van ECK Associates Corp now owns 22,322,859 shares of the mining company's stock valued at $1,745,858,000 after purchasing an additional 778,919 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Agnico Eagle Mines by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 19,865,285 shares of the mining company's stock worth $1,554,180,000 after acquiring an additional 331,087 shares during the last quarter. Norges Bank acquired a new position in Agnico Eagle Mines during the fourth quarter worth $573,446,000. Arrowstreet Capital Limited Partnership lifted its stake in Agnico Eagle Mines by 81.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,051,473 shares of the mining company's stock worth $551,339,000 after acquiring an additional 3,155,927 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in Agnico Eagle Mines by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 6,383,024 shares of the mining company's stock valued at $499,956,000 after acquiring an additional 332,576 shares during the period. 68.34% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have commented on AEM shares. National Bank Financial upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st. Raymond James upped their target price on shares of Agnico Eagle Mines from $105.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, April 4th. TD Securities reduced 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. Jefferies Financial Group increased their price target on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a "hold" rating in a research note on Tuesday, January 7th. Finally, Bank of America lifted their target price on Agnico Eagle Mines from $119.00 to $142.00 and gave the company a "buy" rating in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $114.00.
Get Our Latest Stock Analysis on AEM
Agnico Eagle Mines Price Performance
Shares of AEM traded up $0.22 during mid-day trading on Monday, reaching $117.87. 1,191,287 shares of the company's stock were exchanged, compared to its average volume of 2,760,894. The company has a 50-day simple moving average of $101.63 and a two-hundred day simple moving average of $89.82. The company has a market cap of $59.32 billion, a price-to-earnings ratio of 31.18, a PEG ratio of 0.66 and a beta of 0.87. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines Limited has a 52-week low of $60.15 and a 52-week high of $118.74.
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 analysts' consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. On average, sell-side analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.
Agnico Eagle Mines Dividend Announcement
The business also recently announced 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 annualized dividend and a dividend yield of 1.36%. Agnico Eagle Mines's dividend payout ratio is presently 42.33%.
Agnico Eagle Mines Profile
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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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