Schroder Investment Management Group Purchases 121,502 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Schroder Investment Management Group boosted its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 52.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 351,274 shares of the mining company's stock after purchasing an additional 121,502 shares during the quarter. Schroder Investment Management Group owned about 0.07% of Agnico Eagle Mines worth $27,347,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Captrust Financial Advisors raised its position in shares of Agnico Eagle Mines by 7.0% in the 3rd quarter. Captrust Financial Advisors now owns 5,316 shares of the mining company's stock valued at $428,000 after acquiring an additional 349 shares during the period. Verition Fund Management LLC acquired a new stake in Agnico Eagle Mines in the third quarter worth $333,000. Benjamin Edwards Inc. bought a new position in shares of Agnico Eagle Mines during the third quarter worth $432,000. Hilltop Holdings Inc. grew its holdings in shares of Agnico Eagle Mines by 42.6% in the 3rd quarter. Hilltop Holdings Inc. now owns 7,042 shares of the mining company's stock valued at $567,000 after buying an additional 2,102 shares during the period. Finally, HighTower Advisors LLC increased its position in shares of Agnico Eagle Mines by 10.8% in the 3rd quarter. HighTower Advisors LLC now owns 50,066 shares of the mining company's stock valued at $4,035,000 after buying an additional 4,865 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company's stock.

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Analysts Set New Price Targets

Several research analysts have weighed in on the company. Jefferies Financial Group lifted their target price on 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 cut Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st. Stifel Canada raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, TD Securities lowered their price objective on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Agnico Eagle Mines has an average rating of "Buy" and a consensus price target of $108.00.

Agnico Eagle Mines Stock Up 0.1 %

AEM traded up $0.14 during trading hours on Monday, hitting $99.62. 6,019,672 shares of the company's stock were exchanged, compared to its average volume of 2,376,268. The stock has a market cap of $50.11 billion, a price-to-earnings ratio of 26.35, a PEG ratio of 0.66 and a beta of 0.87. Agnico Eagle Mines Limited has a 1-year low of $60.15 and a 1-year high of $111.04. The stock's 50-day moving average is $99.97 and its two-hundred day moving average is $88.89. 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 (NYSE:AEM - Get Free Report) TSE: AEM last posted its quarterly earnings data on Thursday, February 13th. The mining company reported $1.26 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%. Sell-side analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.61%. Agnico Eagle Mines's dividend payout ratio is 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.