Advisors Capital Management LLC Buys 3,996 Shares of Agnico Eagle Mines Limited $AEM

Advisors Capital Management LLC boosted its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,471 shares of the mining company’s stock after buying an additional 3,996 shares during the period. Advisors Capital Management LLC’s holdings in Agnico Eagle Mines were worth $21,441,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of AEM. 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 worth $192,951,000 after buying an additional 134,147 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Agnico Eagle Mines by 42.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 65,404 shares of the mining company’s stock worth $11,088,000 after purchasing an additional 19,647 shares in the last quarter. Ninety One UK Ltd increased its position in shares of Agnico Eagle Mines by 386.5% during the third quarter. Ninety One UK Ltd now owns 188,189 shares of the mining company’s stock worth $31,703,000 after purchasing an additional 149,506 shares in the last quarter. Gunderson Capital Management Inc. increased its position in shares of Agnico Eagle Mines by 187.6% during the fourth quarter. Gunderson Capital Management Inc. now owns 48,104 shares of the mining company’s stock worth $8,155,000 after purchasing an additional 31,378 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its position in shares of Agnico Eagle Mines by 1,560.8% during the third quarter. Campbell & CO Investment Adviser LLC now owns 48,677 shares of the mining company’s stock worth $8,205,000 after purchasing an additional 45,746 shares in the last quarter. Institutional investors own 68.34% of the company’s stock.

Key Stories Impacting Agnico Eagle Mines

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

• Positive Sentiment: Analyst comparison notes that rising gold prices, higher production and falling leverage make AEM attractive versus peers, supporting upside potential and cash flow improvement for AEM. AEM vs. KGC: Which Gold Miner Deserves a Spot in Your Portfolio?
• Positive Sentiment: Agnico completed the acquisition of a 70% interest in Fingold from B2Gold, expanding its resource base and optionality for future production — a direct asset boost for AEM. B2Gold Completes the Sale of its 70% Interest in Fingold
• Positive Sentiment: Cascadia closed a flow-through private placement that included Agnico as a participant, indicating AEM is actively investing in early-stage/greenfield exploration exposure. This can seed long-term growth opportunities. Cascadia Announces Closing of Equity Investment
• Positive Sentiment: FireFox Gold reports exploration progress at Kolho where an Agnico subsidiary operates the program — continued JV exploration increases discovery optionality for AEM without sole capital burden. FireFox Gold Provides Update on Kolho Joint Venture Lapland, Finland
• Neutral Sentiment: CIBC kept an Outperformer rating on AEM but trimmed its price target slightly to $304 from $312 — endorsement of the thesis but a modestly lower valuation expectation. CIBC Maintains Outperformer Rating on Agnico Eagle Mines (AEM)
• Neutral Sentiment: Trending/retail interest pieces (Zacks/Yahoo) are flagging AEM as a name garnering attention and debate — increased attention can boost volume but doesn’t change fundamentals immediately. Is Trending Stock Agnico Eagle Mines Limited (AEM) a Buy Now?
• Negative Sentiment: A Zacks earnings preview suggests AEM lacks the setup for an earnings beat in the upcoming report — that raises the risk of a near-term share-price pullback if results or guidance disappoint. Agnico Eagle Mines (AEM) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release

Agnico Eagle Mines Stock Up 0.6%

Shares of NYSE:AEM opened at $200.09 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 2.02. Agnico Eagle Mines Limited has a 1 year low of $103.38 and a 1 year high of $255.24. The stock has a market capitalization of $100.15 billion, a P/E ratio of 22.53 and a beta of 0.71. The stock has a 50-day simple moving average of $214.09 and a 200-day simple moving average of $191.26.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Thursday, February 12th. The mining company reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.13. Agnico Eagle Mines had a return on equity of 18.09% and a net margin of 37.47%.The business had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter in the previous year, the business earned $1.26 EPS. The company’s revenue for the quarter was up 60.3% on a year-over-year basis. Equities analysts forecast that Agnico Eagle Mines Limited will post 13.2 earnings per share for the current year.

Agnico Eagle Mines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.9%. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, March 2nd. Agnico Eagle Mines’s dividend payout ratio is 20.27%.

Analysts Set New Price Targets

AEM has been the topic of a number of research analyst reports. Erste Group Bank cut Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Wall Street Zen cut Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 11th. TD upped their price target on Agnico Eagle Mines from $251.00 to $252.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Canadian Imperial Bank of Commerce lowered their price target on Agnico Eagle Mines from $312.00 to $304.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, UBS Group lowered their target price on Agnico Eagle Mines from $240.00 to $210.00 and set a “neutral” rating on the stock in a report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $239.36.

Agnico Eagle Mines Company Profile

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.