Agnico Eagle Mines Limited $AEM Shares Sold by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT trimmed its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEMFree Report) (TSE:AEM) by 1.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,092,338 shares of the mining company’s stock after selling 11,566 shares during the period. Agnico Eagle Mines makes up about 2.7% of Bradley Foster & Sargent Inc. CT’s investment portfolio, making the stock its 6th biggest position. Bradley Foster & Sargent Inc. CT owned 0.22% of Agnico Eagle Mines worth $184,124,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. TD Waterhouse Canada Inc. lifted its holdings in Agnico Eagle Mines by 13.4% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,133,384 shares of the mining company’s stock valued at $192,951,000 after purchasing an additional 134,147 shares during the last quarter. Ninety One UK Ltd raised its stake in shares of Agnico Eagle Mines by 386.5% in the third quarter. Ninety One UK Ltd now owns 188,189 shares of the mining company’s stock valued at $31,703,000 after acquiring an additional 149,506 shares during the last quarter. Campbell & CO Investment Adviser LLC boosted its holdings in shares of Agnico Eagle Mines by 1,560.8% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 48,677 shares of the mining company’s stock worth $8,205,000 after acquiring an additional 45,746 shares in the last quarter. AustralianSuper Pty Ltd bought a new stake in Agnico Eagle Mines during the 3rd quarter worth approximately $23,958,000. Finally, Addenda Capital Inc. increased its holdings in Agnico Eagle Mines by 2.3% during the 3rd quarter. Addenda Capital Inc. now owns 724,231 shares of the mining company’s stock valued at $122,076,000 after purchasing an additional 15,965 shares in the last quarter. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines News Summary

Here are the key news stories impacting Agnico Eagle Mines this week:

Agnico Eagle Mines Stock Up 1.5%

Shares of NYSE AEM opened at $244.14 on Wednesday. Agnico Eagle Mines Limited has a 1 year low of $92.11 and a 1 year high of $245.81. The firm’s 50-day moving average is $197.90 and its 200-day moving average is $172.84. The company has a current ratio of 2.02, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $122.32 billion, a PE ratio of 27.49, a price-to-earnings-growth ratio of 0.56 and a beta of 0.63.

Agnico Eagle Mines (NYSE:AEMGet Free Report) (TSE:AEM) last announced its quarterly earnings data on Thursday, February 12th. The mining company reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.13. Agnico Eagle Mines had a net margin of 37.47% and a return on equity of 18.09%. The business had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same period in the prior year, the business posted $1.26 earnings per share. Agnico Eagle Mines’s revenue was up 60.3% compared to the same quarter last year. Equities analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be given a $0.45 dividend. The ex-dividend date is Monday, March 2nd. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.40. Agnico Eagle Mines’s dividend payout ratio is 18.02%.

Analyst Ratings Changes

Several brokerages have recently commented on AEM. Scotiabank restated an “outperform” rating and set a $280.00 target price on shares of Agnico Eagle Mines in a report on Tuesday, February 17th. UBS Group reiterated a “neutral” rating and set a $240.00 price target on shares of Agnico Eagle Mines in a research report on Friday, January 30th. Erste Group Bank cut shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Royal Bank Of Canada downgraded shares of Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from $185.00 to $205.00 in a research note on Wednesday, December 10th. Finally, Wall Street Zen cut shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $234.91.

Get Our Latest Stock Analysis on AEM

Agnico Eagle Mines Profile

(Free Report)

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.

See Also

Institutional Ownership by Quarter for Agnico Eagle Mines (NYSE:AEM)

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