Allspring Global Investments Holdings LLC Buys 7,599 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Allspring Global Investments Holdings LLC increased its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 4.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 182,330 shares of the mining company’s stock after purchasing an additional 7,599 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Agnico Eagle Mines were worth $10,001,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Quilter Plc bought a new position in shares of Agnico Eagle Mines during the 1st quarter valued at approximately $204,981,000. Coppell Advisory Solutions Corp. purchased a new position in Agnico Eagle Mines during the 4th quarter valued at $26,000. Bruce G. Allen Investments LLC purchased a new position in Agnico Eagle Mines during the 4th quarter valued at $33,000. CVA Family Office LLC purchased a new position in Agnico Eagle Mines during the 4th quarter valued at $36,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in Agnico Eagle Mines during the 3rd quarter valued at $34,000. Institutional investors own 68.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AEM. CIBC dropped their price objective on Agnico Eagle Mines from $72.00 to $69.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. TD Securities lowered their target price on Agnico Eagle Mines from $64.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. Raymond James upped their target price on Agnico Eagle Mines from $66.00 to $71.00 and gave the stock an “outperform” rating in a report on Friday, January 12th. Jefferies Financial Group assumed coverage on Agnico Eagle Mines in a report on Thursday, February 29th. They issued a “hold” rating and a $54.00 target price for the company. Finally, National Bank Financial reiterated an “outperform overweight” rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.71.

Agnico Eagle Mines Trading Up 0.5 %

AEM opened at $61.74 on Wednesday. The firm has a market cap of $30.78 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 0.92 and a beta of 1.06. The company has a current ratio of 2.09, a quick ratio of 0.74 and a debt-to-equity ratio of 0.10. Agnico Eagle Mines Limited has a 12 month low of $43.22 and a 12 month high of $64.19. The stock has a fifty day moving average price of $54.18 and a 200-day moving average price of $51.63.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings results on Friday, February 16th. The mining company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.48 by $0.09. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.72 billion. Agnico Eagle Mines had a return on equity of 5.54% and a net margin of 29.29%. The business’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 EPS. As a group, equities research analysts anticipate that Agnico Eagle Mines Limited will post 2.51 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.59%. The ex-dividend date was Thursday, February 29th. Agnico Eagle Mines’s dividend payout ratio is currently 38.93%.

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.