Y Intercept Hong Kong Ltd Has $649,000 Stake in Agnico Eagle Mines Limited (NYSE:AEM)

Y Intercept Hong Kong Ltd raised its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 86.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,292 shares of the mining company's stock after purchasing an additional 3,848 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Agnico Eagle Mines were worth $649,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Pinnacle Wealth Management Group Inc. increased its position in Agnico Eagle Mines by 0.5% during the fourth quarter. Pinnacle Wealth Management Group Inc. now owns 24,407 shares of the mining company's stock worth $1,909,000 after buying an additional 125 shares during the last quarter. Diversify Wealth Management LLC increased its holdings in shares of Agnico Eagle Mines by 2.1% during the 4th quarter. Diversify Wealth Management LLC now owns 6,753 shares of the mining company's stock worth $569,000 after acquiring an additional 141 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Agnico Eagle Mines by 34.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the mining company's stock worth $51,000 after acquiring an additional 165 shares during the last quarter. Tectonic Advisors LLC raised its stake in Agnico Eagle Mines by 0.8% in the 4th quarter. Tectonic Advisors LLC now owns 22,640 shares of the mining company's stock valued at $1,771,000 after acquiring an additional 185 shares during the period. Finally, Scheer Rowlett & Associates Investment Management Ltd. lifted its holdings in Agnico Eagle Mines by 4.3% during the 3rd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 4,805 shares of the mining company's stock valued at $387,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company's stock.

Agnico Eagle Mines Price Performance

Shares of NYSE AEM traded up $0.77 during trading hours on Tuesday, hitting $96.70. 1,178,917 shares of the stock were exchanged, compared to its average volume of 2,378,333. The company's fifty day simple moving average is $89.78 and its two-hundred day simple moving average is $84.92. The company has a market cap of $48.63 billion, a PE ratio of 25.57, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86. Agnico Eagle Mines Limited has a 1-year low of $50.08 and a 1-year high of $101.45.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its earnings results on Thursday, February 13th. The mining company reported $1.26 EPS 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%. On average, sell-side analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Friday, February 28th. Agnico Eagle Mines's dividend payout ratio is currently 42.33%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AEM. Raymond James set a $105.00 price objective on shares of Agnico Eagle Mines and gave the company an "outperform" rating in a research report on Tuesday, February 4th. Scotiabank raised 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. TD Securities decreased their target price on Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Jefferies Financial Group lifted their price target on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a "hold" rating in a report on Tuesday, January 7th. Finally, StockNews.com downgraded shares of Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate 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.