Agnico Eagle Mines Limited $AEM Stock Holdings Lifted by Andra AP fonden

Andra AP fonden grew its stake in shares of Agnico Eagle Mines Limited (NYSE:AEMFree Report) (TSE:AEM) by 36.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 109,822 shares of the mining company’s stock after acquiring an additional 29,600 shares during the period. Andra AP fonden’s holdings in Agnico Eagle Mines were worth $18,512,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hohimer Wealth Management LLC purchased a new stake in shares of Agnico Eagle Mines during the third quarter valued at $6,372,000. Choreo LLC increased its position in shares of Agnico Eagle Mines by 3.3% in the third quarter. Choreo LLC now owns 9,607 shares of the mining company’s stock worth $1,619,000 after acquiring an additional 303 shares in the last quarter. Montrusco Bolton Investments Inc. raised its holdings in shares of Agnico Eagle Mines by 12.6% during the third quarter. Montrusco Bolton Investments Inc. now owns 193,818 shares of the mining company’s stock valued at $32,651,000 after acquiring an additional 21,717 shares during the period. RKL Wealth Management LLC purchased a new stake in shares of Agnico Eagle Mines in the 3rd quarter valued at approximately $1,011,000. Finally, AlphaCore Capital LLC lifted its position in shares of Agnico Eagle Mines by 7.5% in the 3rd quarter. AlphaCore Capital LLC now owns 13,446 shares of the mining company’s stock valued at $2,266,000 after acquiring an additional 943 shares in the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Agnico Eagle Mines

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

Agnico Eagle Mines Stock Up 2.1%

AEM stock opened at $251.48 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.02 and a quick ratio of 1.33. The company has a 50-day moving average of $202.46 and a two-hundred day moving average of $174.62. The stock has a market capitalization of $126.00 billion, a price-to-earnings ratio of 28.32, a price-to-earnings-growth ratio of 0.55 and a beta of 0.63. Agnico Eagle Mines Limited has a 52-week low of $92.11 and a 52-week high of $252.78.

Agnico Eagle Mines (NYSE:AEMGet Free Report) (TSE:AEM) last announced its earnings results 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. The firm had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.40 billion. Agnico Eagle Mines had a return on equity of 18.09% and a net margin of 37.47%.The firm’s revenue for the quarter was up 60.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.26 EPS. As a group, equities research analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Increases Dividend

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on AEM shares. Citigroup boosted their target price on shares of Agnico Eagle Mines from $198.00 to $256.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. UBS Group reissued a “neutral” rating and set a $240.00 price target on shares of Agnico Eagle Mines in a research report on Friday, January 30th. Royal Bank Of Canada downgraded Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from $185.00 to $205.00 in a research note on Wednesday, December 10th. Wall Street Zen cut Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Finally, TD Securities set a $251.00 target price on Agnico Eagle Mines and gave the company a “buy” rating in a report on Tuesday, February 17th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Agnico Eagle Mines has an average rating of “Moderate Buy” and an average price target of $234.91.

View Our Latest Stock Analysis on Agnico Eagle Mines

About Agnico Eagle Mines

(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

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

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