3 days Ago By ABMN Staff
CIBC Private Wealth Group LLC lifted its stake in Agnico Eagle Mines Limited ( NYSE:AEM – Free Report ) (TSE:AEM) by 6.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,919 shares of the mining company’s stock after buying an additional 174 shares during the period.
CIBC Private Wealth Group LLC’s holdings in Agnico Eagle Mines were worth $243,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also modified their holdings of AEM. Van ECK Associates Corp lifted its holdings in shares of Agnico Eagle Mines by 3.
6% during the fourth quarter. Van ECK Associates Corp now owns 22,322,859 shares of the mining company’s stock valued at $1,745,858,000 after acquiring an additional 778,919 shares during the period. Vanguard Group Inc.
increased its position in shares of Agnico Eagle Mines by 1.7% during the 4th quarter. Vanguard Group Inc.
now owns 19,865,285 shares of the mining company’s stock worth $1,554,180,000 after purchasing an additional 331,087 shares in the last quarter. Norges Bank bought a new position in Agnico Eagle Mines during the 4th quarter valued at about $573,446,000. Arrowstreet Capital Limited Partnership boosted its position in Agnico Eagle Mines by 81.
0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,051,473 shares of the mining company’s stock valued at $551,339,000 after buying an additional 3,155,927 shares in the last quarter. Finally, CIBC Asset Management Inc grew its stake in Agnico Eagle Mines by 5.
5% during the fourth quarter. CIBC Asset Management Inc now owns 6,383,024 shares of the mining company’s stock worth $499,956,000 after buying an additional 332,576 shares during the last quarter. Institutional investors own 68.
34% of the company’s stock. Wall Street Analyst Weigh In Several brokerages have recently commented on AEM. Scotiabank boosted their target price on Agnico Eagle Mines from $103.
00 to $105.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. StockNews.
com lowered Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. Jefferies Financial Group increased their target price on Agnico Eagle Mines from $85.00 to $88.
00 and gave the stock a “hold” rating in a report on Tuesday, January 7th. Stifel Canada raised Agnico Eagle Mines to a “strong-buy” rating in a report on Wednesday, March 19th. Finally, Citigroup increased their price objective on shares of Agnico Eagle Mines from $100.
00 to $140.00 and gave the stock a “buy” rating in a report on Monday, March 31st. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock.
Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $108.00. Agnico Eagle Mines Stock Down 8.
3 % Shares of NYSE AEM opened at $99.45 on Monday. Agnico Eagle Mines Limited has a 1 year low of $60.
15 and a 1 year high of $111.04. The firm’s 50-day moving average is $99.
77 and its 200-day moving average is $88.76. The company has a current ratio of 1.
86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06.
The firm has a market capitalization of $50.02 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 0.
66 and a beta of 0.87. Agnico Eagle Mines ( NYSE:AEM – Get Free Report ) (TSE:AEM) last released its earnings results 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%. Equities analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.
Agnico Eagle Mines Announces Dividend The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.40 dividend.
This represents a $1.60 annualized dividend and a yield of 1.61%.
The ex-dividend date of this dividend was Friday, February 28th. Agnico Eagle Mines’s payout ratio is 42.33%.
Agnico Eagle Mines Company Profile ( Free Report ) 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.
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