Agnico Eagle Mines Limited (NYSE:AEM) is Sprott Inc.'s 2nd Largest Position

Sprott Inc. increased its holdings in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,136,240 shares of the mining company's stock after buying an additional 24,976 shares during the quarter. Agnico Eagle Mines comprises 5.3% of Sprott Inc.'s portfolio, making the stock its 2nd largest holding. Sprott Inc. owned about 0.23% of Agnico Eagle Mines worth $88,859,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Van ECK Associates Corp grew its holdings in Agnico Eagle Mines by 3.6% in 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 buying an additional 778,919 shares in the last quarter. FMR LLC boosted its stake 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 valued at $1,213,311,000 after purchasing an additional 4,562,005 shares in the last quarter. CIBC Asset Management Inc boosted its stake 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 purchasing an additional 332,576 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake 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 valued at $474,660,000 after purchasing an additional 817,240 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in Agnico Eagle Mines by 7.4% during the 3rd quarter. National Bank of Canada FI now owns 4,155,349 shares of the mining company's stock valued at $334,749,000 after purchasing an additional 285,565 shares in the last quarter. 68.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Raymond James set a $105.00 price target on Agnico Eagle Mines and gave the company an "outperform" rating in a research note on Tuesday, February 4th. Jefferies Financial Group increased their price target on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a "hold" rating in a research note on Tuesday, January 7th. Scotiabank increased their price target on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a "sector outperform" rating in a research note on Tuesday, January 21st. TD Securities decreased their price target 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, Royal Bank of Canada increased their price objective on Agnico Eagle Mines from $96.00 to $105.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, Agnico Eagle Mines has an average rating of "Moderate Buy" and an average target price of $95.78.

Agnico Eagle Mines Price Performance

Shares of NYSE:AEM traded up $1.34 on Friday, reaching $96.43. 3,617,888 shares of the company traded hands, compared to its average volume of 2,266,471. The company's 50 day moving average is $89.44 and its 200-day moving average is $84.70. The stock has a market capitalization of $48.50 billion, a PE ratio of 25.51, a P/E/G ratio of 0.66 and a beta of 1.10. Agnico Eagle Mines Limited has a fifty-two week low of $47.73 and a fifty-two week high of $101.45. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its earnings results on Thursday, February 13th. The mining company reported $1.26 earnings per share (EPS) 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%. As a group, analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.66%. Agnico Eagle Mines's payout ratio is currently 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.