American Century Companies Inc. Purchases 183,503 Shares of Agnico Eagle Mines Limited $AEM

American Century Companies Inc. boosted its stake in Agnico Eagle Mines Limited (NYSE:AEMFree Report) (TSE:AEM) by 21.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,021,530 shares of the mining company’s stock after buying an additional 183,503 shares during the period. American Century Companies Inc. owned 0.20% of Agnico Eagle Mines worth $172,146,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. True Wealth Design LLC grew its stake in shares of Agnico Eagle Mines by 381.3% in the third quarter. True Wealth Design LLC now owns 154 shares of the mining company’s stock worth $26,000 after acquiring an additional 122 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in Agnico Eagle Mines during the 2nd quarter valued at about $29,000. Blue Bell Private Wealth Management LLC raised its holdings in Agnico Eagle Mines by 59.7% in the third quarter. Blue Bell Private Wealth Management LLC now owns 198 shares of the mining company’s stock worth $33,000 after buying an additional 74 shares during the last quarter. MCF Advisors LLC purchased a new position in Agnico Eagle Mines in the third quarter worth about $34,000. Finally, Caitlin John LLC bought a new position in shares of Agnico Eagle Mines in the third quarter worth approximately $36,000. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Stock Performance

Agnico Eagle Mines stock opened at $251.48 on Monday. 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 firm has a market capitalization of $126.00 billion, a P/E ratio of 28.32 and a beta of 0.61. Agnico Eagle Mines Limited has a 1-year low of $92.11 and a 1-year high of $252.78. The company’s 50-day moving average is $202.46 and its 200 day moving average is $175.19.

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

Agnico Eagle Mines Increases Dividend

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

Wall Street Analyst Weigh In

AEM has been the subject of a number of research reports. UBS Group reiterated a “neutral” rating and set a $240.00 target price on shares of Agnico Eagle Mines in a research note on Friday, January 30th. Erste Group Bank cut Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Citigroup increased their target price on Agnico Eagle Mines from $198.00 to $256.00 and gave the company a “buy” rating in a report on Thursday, January 15th. Jefferies Financial Group set a $189.00 price target on Agnico Eagle Mines in a research note on Sunday, December 7th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $225.00 price target on shares of Agnico Eagle Mines in a research report on Wednesday, January 14th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Agnico Eagle Mines has an average rating of “Moderate Buy” and a consensus target price of $234.91.

Read Our Latest Research Report on Agnico Eagle Mines

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Agnico Eagle Mines Company 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.

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

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