Zurcher Kantonalbank Zurich Cantonalbank Has $17.97 Million Stock Position in Agnico Eagle Mines Limited (NYSE:AEM)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 19.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 229,812 shares of the mining company's stock after acquiring an additional 36,640 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Agnico Eagle Mines were worth $17,970,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Versant Capital Management Inc bought a new stake in Agnico Eagle Mines during the 4th quarter worth about $26,000. Smartleaf Asset Management LLC grew its position in shares of Agnico Eagle Mines by 859.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock worth $28,000 after buying an additional 318 shares during the period. Decker Retirement Planning Inc. bought a new stake in shares of Agnico Eagle Mines during the fourth quarter worth approximately $29,000. Fifth Third Bancorp lifted its holdings in Agnico Eagle Mines by 176.9% in the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company's stock valued at $32,000 after buying an additional 260 shares during the period. Finally, Duncker Streett & Co. Inc. boosted its stake in Agnico Eagle Mines by 37.3% in the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock valued at $32,000 after acquiring an additional 112 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on AEM shares. Royal Bank of Canada upped their target price on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. TD Securities dropped 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. StockNews.com cut Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. Scotiabank upped 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. Finally, Raymond James set a $105.00 price objective on shares of Agnico Eagle Mines and gave the stock an "outperform" rating in a research note on Tuesday, February 4th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $95.78.

Remove Ads

Agnico Eagle Mines Stock Performance

Shares of AEM opened at $100.54 on Wednesday. The firm has a market cap of $50.56 billion, a P/E ratio of 26.60, a PEG ratio of 0.66 and a beta of 1.00. Agnico Eagle Mines Limited has a twelve month low of $54.02 and a twelve month high of $101.81. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86. The firm's 50 day moving average price is $92.15 and its two-hundred day moving average price is $85.63.

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 EPS 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 forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.40 per share. 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 1.59%. Agnico Eagle Mines's payout ratio is presently 42.33%.

Agnico Eagle Mines 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.