Agnico Eagle Mines Limited (NYSE:AEM) Shares Purchased by Sienna Gestion

Sienna Gestion increased its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 1,569.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,800 shares of the mining company's stock after purchasing an additional 86,300 shares during the quarter. Sienna Gestion's holdings in Agnico Eagle Mines were worth $7,179,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AEM. FMR LLC increased its position in Agnico Eagle Mines by 43.5% during the 3rd quarter. FMR LLC now owns 15,061,244 shares of the mining company's stock worth $1,213,311,000 after purchasing an additional 4,562,005 shares in the last quarter. AGF Management Ltd. increased its position in Agnico Eagle Mines by 184.6% during the 4th quarter. AGF Management Ltd. now owns 1,395,850 shares of the mining company's stock worth $109,205,000 after purchasing an additional 905,328 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Agnico Eagle Mines by 16.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,892,898 shares of the mining company's stock worth $474,660,000 after purchasing an additional 817,240 shares in the last quarter. Van ECK Associates Corp increased its position in Agnico Eagle Mines by 3.6% during the 4th quarter. Van ECK Associates Corp now owns 22,322,859 shares of the mining company's stock worth $1,745,858,000 after purchasing an additional 778,919 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Agnico Eagle Mines by 262.5% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,060,402 shares of the mining company's stock worth $85,413,000 after purchasing an additional 767,912 shares in the last quarter. Hedge funds and other institutional investors own 68.34% of the company's stock.

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Wall Street Analysts Forecast Growth

AEM has been the subject of several recent analyst reports. Scotiabank lifted their price target on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a "sector outperform" rating in a report on Tuesday, January 21st. Raymond James set a $105.00 price target on Agnico Eagle Mines and gave the company an "outperform" rating in a report on Tuesday, February 4th. TD Securities lowered their price target 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. StockNews.com cut Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. Finally, Jefferies Financial Group lifted their price target on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a "hold" rating in a report on Tuesday, January 7th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $95.78.

Agnico Eagle Mines Trading Up 0.5 %

Shares of NYSE AEM traded up $0.55 during midday trading on Tuesday, hitting $105.83. The stock had a trading volume of 2,751,908 shares, compared to its average volume of 2,338,487. The company has a market capitalization of $53.23 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 0.66 and a beta of 1.00. Agnico Eagle Mines Limited has a 1-year low of $54.02 and a 1-year high of $107.76. 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 company has a fifty day moving average price of $93.99 and a 200 day moving average price of $86.23.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly earnings data on Thursday, February 13th. The mining company reported $1.26 earnings per share for the quarter, missing the consensus estimate 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, analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.51%. 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.