Oppenheimer & Close LLC Has $6.83 Million Position in Agnico Eagle Mines Limited (NYSE:AEM)

Oppenheimer & Close LLC decreased its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 10.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,343 shares of the mining company’s stock after selling 10,031 shares during the quarter. Agnico Eagle Mines makes up approximately 5.6% of Oppenheimer & Close LLC’s portfolio, making the stock its 2nd largest position. Oppenheimer & Close LLC’s holdings in Agnico Eagle Mines were worth $6,831,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Guardian Partners Inc. purchased a new position in shares of Agnico Eagle Mines in the 4th quarter worth about $4,398,000. Hillsdale Investment Management Inc. boosted its holdings in shares of Agnico Eagle Mines by 276.5% in the 4th quarter. Hillsdale Investment Management Inc. now owns 709,227 shares of the mining company’s stock worth $55,425,000 after buying an additional 520,837 shares during the last quarter. Intellus Advisors LLC purchased a new position in shares of Agnico Eagle Mines in the 4th quarter worth about $225,000. American Century Companies Inc. boosted its holdings in shares of Agnico Eagle Mines by 10.2% in the 4th quarter. American Century Companies Inc. now owns 759,962 shares of the mining company’s stock worth $59,443,000 after buying an additional 70,157 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Agnico Eagle Mines in the 4th quarter worth about $1,292,000. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Down 1.0 %

Shares of AEM opened at $104.33 on Friday. The business’s 50-day moving average price is $95.77 and its 200-day moving average price is $86.88. Agnico Eagle Mines Limited has a twelve month low of $55.98 and a twelve month high of $107.88. The stock has a market cap of $52.48 billion, a PE ratio of 27.60, a P/E/G ratio of 0.66 and a beta of 1.00. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data 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%. On average, equities analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend was Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio (DPR) is 42.33%.

Wall Street Analyst Weigh In

AEM has been the topic of a number of research analyst reports. Scotiabank boosted their price target on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. Royal Bank of Canada upped their price objective on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. StockNews.com downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. Raymond James set a $105.00 price objective on shares of Agnico Eagle Mines and gave the company an “outperform” rating in a report on Tuesday, February 4th. Finally, Jefferies Financial Group upped their price objective on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $95.78.

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.