Swiss National Bank Has $113.86 Million Position in Agnico Eagle Mines Limited (NYSE:AEM)

Swiss National Bank trimmed its position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 3.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,456,058 shares of the mining company's stock after selling 50,500 shares during the period. Swiss National Bank owned 0.29% of Agnico Eagle Mines worth $113,860,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its holdings in shares of 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 valued at $1,745,858,000 after purchasing an additional 778,919 shares during the period. FMR LLC lifted its position in shares of Agnico Eagle Mines by 43.5% in the third quarter. FMR LLC now owns 15,061,244 shares of the mining company's stock valued at $1,213,311,000 after buying an additional 4,562,005 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of 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 worth $499,956,000 after acquiring an additional 332,576 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Agnico Eagle Mines by 2.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,046,901 shares of the mining company's stock worth $472,475,000 after acquiring an additional 154,003 shares during the last quarter. Finally, National Bank of Canada FI raised its stake in Agnico Eagle Mines by 7.4% in 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 acquiring an additional 285,565 shares during the period. 68.34% of the stock is owned by institutional investors.

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Agnico Eagle Mines Price Performance

Shares of NYSE:AEM traded down $0.30 during trading on Wednesday, reaching $105.52. 2,324,149 shares of the company traded hands, compared to its average volume of 2,336,268. 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 $54.02 and a 52 week high of $107.88. The firm has a market capitalization of $53.07 billion, a PE ratio of 27.91, a PEG ratio of 0.66 and a beta of 1.00. The company's 50 day moving average is $94.49 and its two-hundred day moving average is $86.40.

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 the consensus estimate of $1.70 by ($0.44). Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. As a group, sell-side analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.40 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.52%. Agnico Eagle Mines's dividend payout ratio (DPR) is 42.33%.

Analysts Set New Price Targets

A number of equities analysts have commented on AEM shares. Scotiabank lifted their price objective on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, January 21st. Jefferies Financial Group lifted their target price 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. Raymond James set a $105.00 price target on shares of Agnico Eagle Mines and gave the company an "outperform" rating in a report on Tuesday, February 4th. TD Securities reduced their price objective 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. Finally, Royal Bank of Canada increased their target price on Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, Agnico Eagle Mines currently has an average rating of "Moderate Buy" and a consensus price target of $95.78.

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.