Capital International Investors Takes Position in Agnico Eagle Mines Limited $AEM

Capital International Investors purchased a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 184,786 shares of the mining company’s stock, valued at approximately $31,123,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Capital Group Investment Management PTE. LTD. raised its stake in Agnico Eagle Mines by 103.3% in the third quarter. Capital Group Investment Management PTE. LTD. now owns 15,057 shares of the mining company’s stock valued at $2,537,000 after buying an additional 7,651 shares in the last quarter. Legal & General Group Plc raised its position in shares of Agnico Eagle Mines by 7.6% during the 3rd quarter. Legal & General Group Plc now owns 3,379,311 shares of the mining company’s stock worth $569,292,000 after acquiring an additional 238,540 shares in the last quarter. LGT Fund Management Co Ltd. raised its position in shares of Agnico Eagle Mines by 146.5% during the 3rd quarter. LGT Fund Management Co Ltd. now owns 14,050 shares of the mining company’s stock worth $2,395,000 after acquiring an additional 8,350 shares in the last quarter. Fort Sheridan Advisors LLC purchased a new stake in Agnico Eagle Mines during the third quarter worth approximately $295,000. Finally, Diversify Advisory Services LLC boosted its holdings in Agnico Eagle Mines by 6.5% in the third quarter. Diversify Advisory Services LLC now owns 6,556 shares of the mining company’s stock valued at $1,065,000 after purchasing an additional 398 shares in the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AEM shares. TD Securities upped their target price on shares of Agnico Eagle Mines from $241.00 to $251.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Citigroup lifted their price target on shares of Agnico Eagle Mines from $198.00 to $256.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Wall Street Zen downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Raymond James Financial reaffirmed an “outperform” rating and set a $225.00 price objective on shares of Agnico Eagle Mines in a report on Wednesday, January 14th. Finally, Scotiabank reiterated an “outperform” rating and set a $280.00 target price on shares of Agnico Eagle Mines in a research report on Tuesday, February 17th. Four research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $234.91.

Agnico Eagle Mines Stock Down 2.1%

Agnico Eagle Mines stock opened at $218.20 on Friday. The stock’s 50 day moving average price is $211.75 and its 200 day moving average price is $180.51. Agnico Eagle Mines Limited has a 1-year low of $94.77 and a 1-year high of $255.24. The company has a market cap of $109.32 billion, a PE ratio of 24.57 and a beta of 0.61. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.02 and a quick ratio of 1.33.

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, beating analysts’ consensus estimates of $2.56 by $0.13. The company had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.40 billion. Agnico Eagle Mines had a net margin of 37.47% and a return on equity of 18.09%. The firm’s quarterly revenue was up 60.3% compared to the same quarter last year. During the same period last year, the company posted $1.26 earnings per share. On average, sell-side analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be given a dividend of $0.45 per share. The ex-dividend date is Monday, March 2nd. This represents a $1.80 dividend on an annualized basis and a yield of 0.8%. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.40. Agnico Eagle Mines’s dividend payout ratio (DPR) is 20.27%.

Key Agnico Eagle Mines News

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

• Positive Sentiment: Agnico’s fundamentals and capital-return profile remain strong: the company has shown solid free cash flow, raised dividends and buybacks are possible if gold prices hold — a near-term tailwind for shareholder returns. Can Agnico Eagle Drive Even Higher Shareholder Returns Ahead?
• Positive Sentiment: Analysts and screens still list AEM as a long-term buy despite short-term metal pullbacks, reflecting expected secular demand for gold which supports miners’ cash flow and dividends. Gold & Silver Slip as Dollar Strengthens: 4 Stocks to Own
• Positive Sentiment: Sector peer strength: Franco‑Nevada’s strong Q4 results and revenue surge highlight robust royalty/stream exposure to current gold prices — a positive read-across for the gold complex and investor interest in gold equities. Franco-Nevada Q4 Earnings Beat Estimates, Revenues Surge 86% Y/Y
• Neutral Sentiment: Market note: AEM recently closed lower relative to the market (reported ~-1.8% on the last session), a data point showing short-term underperformance versus peers. Agnico Eagle Mines (AEM) Declines More Than Market: Some Information for Investors
• Negative Sentiment: Macro headwinds: a stronger U.S. dollar and rising real yields are pressuring gold and silver prices today, which typically drags down gold miners’ shares in the short term. Monitor dollar moves and real rates for further directional cues. Gold & Silver Slip as Dollar Strengthens: 4 Stocks to Own

Agnico Eagle Mines 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.