Agnico Eagle Mines Limited (NYSE:AEM) Shares Bought by Andra AP fonden

Andra AP fonden lifted its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 21.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,422 shares of the mining company’s stock after purchasing an additional 16,400 shares during the period. Andra AP fonden’s holdings in Agnico Eagle Mines were worth $7,228,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AEM. Charles Schwab Investment Management Inc. boosted its stake in Agnico Eagle Mines by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,136,854 shares of the mining company’s stock worth $91,681,000 after buying an additional 32,991 shares during the last quarter. Bridgewater Associates LP boosted its position in shares of Agnico Eagle Mines by 123.2% during the 3rd quarter. Bridgewater Associates LP now owns 204,168 shares of the mining company’s stock valued at $16,448,000 after acquiring an additional 112,712 shares during the last quarter. Caldwell Investment Management Ltd. boosted its position in shares of Agnico Eagle Mines by 12.0% during the 4th quarter. Caldwell Investment Management Ltd. now owns 87,700 shares of the mining company’s stock valued at $6,812,000 after acquiring an additional 9,400 shares during the last quarter. Forsta AP Fonden grew its holdings in shares of Agnico Eagle Mines by 8.9% in the fourth quarter. Forsta AP Fonden now owns 195,100 shares of the mining company’s stock valued at $15,256,000 after purchasing an additional 16,000 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in Agnico Eagle Mines by 14.8% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 225,965 shares of the mining company’s stock worth $18,223,000 after purchasing an additional 29,106 shares during the last quarter. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on AEM shares. Scotiabank boosted their target price on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. Royal Bank of Canada upped their price objective on Agnico Eagle Mines from $96.00 to $105.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Jefferies Financial Group raised their target price on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th. TD Securities decreased their price target on 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. Finally, StockNews.com downgraded Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.78.

Agnico Eagle Mines Stock Performance

NYSE AEM opened at $98.85 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. The company has a market cap of $49.71 billion, a P/E ratio of 26.15, a P/E/G ratio of 0.66 and a beta of 1.00. The stock has a 50-day moving average of $91.32 and a two-hundred day moving average of $85.38. Agnico Eagle Mines Limited has a 1-year low of $54.02 and a 1-year high of $101.45.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Thursday, February 13th. The mining company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. As a group, 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 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 1.62%. The ex-dividend date is Friday, February 28th. Agnico Eagle Mines’s payout ratio is currently 42.33%.

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.