16,516 Shares in Agnico Eagle Mines Limited (NYSE:AEM) Purchased by Virtu Financial LLC

Virtu Financial LLC bought a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 16,516 shares of the mining company's stock, valued at approximately $1,292,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AEM. FMR LLC grew its holdings in shares of Agnico Eagle Mines by 43.5% in the 3rd quarter. FMR LLC now owns 15,061,244 shares of the mining company's stock worth $1,213,311,000 after acquiring an additional 4,562,005 shares during the last quarter. AGF Management Ltd. raised its holdings in shares of Agnico Eagle Mines by 184.6% during the fourth quarter. AGF Management Ltd. now owns 1,395,850 shares of the mining company's stock valued at $109,205,000 after acquiring an additional 905,328 shares during the period. Van ECK Associates Corp boosted its position 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 worth $1,745,858,000 after buying an additional 778,919 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Agnico Eagle Mines by 262.5% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,060,402 shares of the mining company's stock valued at $85,413,000 after buying an additional 767,912 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Agnico Eagle Mines during the 4th quarter valued at about $52,503,000. 68.34% of the stock is currently owned by institutional investors.

Remove Ads

Agnico Eagle Mines Stock Performance

Agnico Eagle Mines stock traded down $0.55 on Wednesday, reaching $104.90. 572,387 shares of the stock were exchanged, compared to its average volume of 2,316,512. The stock has a market cap of $52.76 billion, a PE ratio of 27.75, a PEG ratio of 0.66 and a beta of 1.00. The firm has a fifty day moving average price of $96.63 and a two-hundred day moving average price of $87.32. Agnico Eagle Mines Limited has a twelve month low of $56.05 and a twelve month high of $107.88. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its earnings results 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%. Sell-side analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

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 dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Friday, February 28th. Agnico Eagle Mines's dividend payout ratio (DPR) is currently 42.33%.

Analysts Set New Price Targets

AEM has been the subject of a number of research analyst reports. Jefferies Financial Group increased their target price on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a "hold" rating in a research report on Tuesday, January 7th. Raymond James set a $105.00 target price on Agnico Eagle Mines and gave the stock an "outperform" rating in a research report on Tuesday, February 4th. Scotiabank boosted 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 dropped their price objective on Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating on the stock in a report on Wednesday, February 19th. Finally, Stifel Canada raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Wednesday, March 19th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Agnico Eagle Mines has an average rating of "Buy" and a consensus price target of $95.78.

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.