Agnico Eagle Mines Limited (NYSE:AEM) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 16.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,933 shares of the mining company’s stock after acquiring an additional 2,663 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Agnico Eagle Mines were worth $2,051,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its position in Agnico Eagle Mines by 859.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock valued at $28,000 after buying an additional 318 shares during the period. Duncker Streett & Co. Inc. increased its holdings in shares of Agnico Eagle Mines by 37.3% in the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock valued at $32,000 after purchasing an additional 112 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Agnico Eagle Mines in the 4th quarter valued at about $34,000. Coppell Advisory Solutions LLC lifted its position in shares of Agnico Eagle Mines by 235.0% in the fourth quarter. Coppell Advisory Solutions LLC now owns 469 shares of the mining company’s stock worth $37,000 after purchasing an additional 329 shares in the last quarter. Finally, Montag A & Associates Inc. boosted its holdings in shares of Agnico Eagle Mines by 85.2% during the fourth quarter. Montag A & Associates Inc. now owns 500 shares of the mining company’s stock worth $39,000 after purchasing an additional 230 shares during the period. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Down 0.4%

AEM stock opened at $123.97 on Tuesday. Agnico Eagle Mines Limited has a 1-year low of $63.81 and a 1-year high of $126.76. 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 business’s 50 day moving average is $116.58 and its 200-day moving average is $100.89. The firm has a market cap of $62.40 billion, a P/E ratio of 32.80, a P/E/G ratio of 0.66 and a beta of 0.51.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data on Thursday, April 24th. The mining company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.14. Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. The company had revenue of $2.38 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same period last year, the business earned $0.76 earnings per share. The business’s revenue was up 34.9% on a year-over-year basis. Equities 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 disclosed a dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.40 per share. This represents a dividend yield of 1.36%. The ex-dividend date was Friday, May 30th. Agnico Eagle Mines’s payout ratio is 34.04%.

Analysts Set New Price Targets

AEM has been the topic of a number of research reports. UBS Group increased their price objective on Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, April 11th. Bank of America boosted their target price on Agnico Eagle Mines from $119.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, April 8th. Wall Street Zen downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. TD Securities dropped their target price on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Finally, BMO Capital Markets began coverage on shares of Agnico Eagle Mines in a report on Wednesday, April 16th. They set an “outperform” rating and a $181.00 price target for the company. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of “Buy” and an average price target of $127.40.

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.