Maryland State Retirement & Pension System Has $8.77 Million Position in Agnico Eagle Mines Limited (NYSE:AEM)

Maryland State Retirement & Pension System grew its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 112,180 shares of the mining company’s stock after buying an additional 5,160 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Agnico Eagle Mines were worth $8,773,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in AEM. Principal Financial Group Inc. raised its position in Agnico Eagle Mines by 1.4% in the third quarter. Principal Financial Group Inc. now owns 21,822 shares of the mining company’s stock worth $1,760,000 after purchasing an additional 302 shares in the last quarter. Atria Investments Inc bought a new stake in shares of Agnico Eagle Mines in the 3rd quarter valued at approximately $239,000. Empowered Funds LLC raised its holdings in shares of Agnico Eagle Mines by 3.0% in the 3rd quarter. Empowered Funds LLC now owns 43,464 shares of the mining company’s stock worth $3,501,000 after buying an additional 1,251 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of Agnico Eagle Mines by 8.9% during the 3rd quarter. Natixis Advisors LLC now owns 86,621 shares of the mining company’s stock worth $6,978,000 after buying an additional 7,099 shares during the period. Finally, Swiss National Bank boosted its stake in Agnico Eagle Mines by 0.6% in the 3rd quarter. Swiss National Bank now owns 1,506,558 shares of the mining company’s stock valued at $121,558,000 after buying an additional 9,400 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Price Performance

NYSE AEM opened at $105.83 on Wednesday. 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 52-week low of $54.02 and a 52-week high of $107.88. The business has a 50 day simple moving average of $94.49 and a 200 day simple moving average of $86.40. The stock has a market cap of $53.23 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 0.66 and a beta of 1.00.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data on Thursday, February 13th. The mining company reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. Analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.40 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.51%. Agnico Eagle Mines’s dividend payout ratio (DPR) is 42.33%.

Analyst Ratings Changes

Several research analysts have issued reports on AEM shares. Raymond James set a $105.00 price objective on Agnico Eagle Mines and gave the stock an “outperform” rating in a research note on Tuesday, February 4th. TD Securities cut their price target on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Royal Bank of Canada upped their price objective on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. StockNews.com lowered shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. Finally, Jefferies Financial Group boosted 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 note on Tuesday, January 7th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus 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.