Y Intercept Hong Kong Ltd Purchases 3,848 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Y Intercept Hong Kong Ltd grew its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 86.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,292 shares of the mining company’s stock after buying an additional 3,848 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Agnico Eagle Mines were worth $649,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AEM. Assenagon Asset Management S.A. grew its stake in Agnico Eagle Mines by 12.9% during the third quarter. Assenagon Asset Management S.A. now owns 16,744 shares of the mining company’s stock worth $1,350,000 after buying an additional 1,916 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Agnico Eagle Mines by 53.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 22,607 shares of the mining company’s stock worth $1,821,000 after buying an additional 7,865 shares during the last quarter. Golden State Equity Partners bought a new stake in Agnico Eagle Mines during the third quarter worth about $205,000. First Trust Direct Indexing L.P. grew its stake in Agnico Eagle Mines by 26.5% during the third quarter. First Trust Direct Indexing L.P. now owns 6,380 shares of the mining company’s stock worth $514,000 after buying an additional 1,337 shares during the last quarter. Finally, US Bancorp DE grew its stake in Agnico Eagle Mines by 43.3% during the third quarter. US Bancorp DE now owns 6,595 shares of the mining company’s stock worth $531,000 after buying an additional 1,994 shares during the last quarter. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Price Performance

Shares of AEM stock opened at $96.43 on Friday. Agnico Eagle Mines Limited has a 52-week low of $47.73 and a 52-week high of $101.45. The stock has a market cap of $48.50 billion, a PE ratio of 25.51, a PEG 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. The firm’s 50 day moving average price is $89.44 and its two-hundred day moving average price is $84.70.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted 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 return on equity of 10.45% and a net margin of 22.88%. As a group, analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders 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 annualized dividend and a yield of 1.66%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 42.33%.

Analyst Ratings Changes

AEM has been the topic of several research analyst reports. TD Securities decreased their price target on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Jefferies Financial Group increased their price target on shares of 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 shares of 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. StockNews.com cut shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Finally, Raymond James set a $105.00 price target on shares of Agnico Eagle Mines and gave the company 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. Based on data from MarketBeat, Agnico Eagle Mines presently has an average rating of “Moderate Buy” and a consensus price target of $95.78.

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.