Agnico Eagle Mines Limited $AEM is Euro Pacific Asset Management LLC’s 3rd Largest Position

Euro Pacific Asset Management LLC decreased its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEMFree Report) (TSE:AEM) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 455,056 shares of the mining company’s stock after selling 9,767 shares during the quarter. Agnico Eagle Mines accounts for about 0.2% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 3rd biggest position. Euro Pacific Asset Management LLC owned 0.09% of Agnico Eagle Mines worth $72,756,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Salvus Wealth Management LLC increased its stake in Agnico Eagle Mines by 0.9% in the fourth quarter. Salvus Wealth Management LLC now owns 6,301 shares of the mining company’s stock worth $1,068,000 after purchasing an additional 57 shares during the period. Baron Wealth Management LLC boosted its stake in shares of Agnico Eagle Mines by 3.2% during the fourth quarter. Baron Wealth Management LLC now owns 1,879 shares of the mining company’s stock valued at $319,000 after purchasing an additional 59 shares during the period. Pure Portfolios Holdings LLC grew its holdings in shares of Agnico Eagle Mines by 1.6% in the third quarter. Pure Portfolios Holdings LLC now owns 3,781 shares of the mining company’s stock worth $637,000 after purchasing an additional 60 shares during the last quarter. HB Wealth Management LLC grew its holdings in shares of Agnico Eagle Mines by 1.2% in the third quarter. HB Wealth Management LLC now owns 5,640 shares of the mining company’s stock worth $951,000 after purchasing an additional 69 shares during the last quarter. Finally, Union Bancaire Privee UBP SA increased its stake in Agnico Eagle Mines by 1.6% in the 3rd quarter. Union Bancaire Privee UBP SA now owns 4,446 shares of the mining company’s stock worth $749,000 after buying an additional 72 shares during the period. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Agnico Eagle Mines Stock Performance

AEM stock opened at $191.42 on Tuesday. Agnico Eagle Mines Limited has a one year low of $94.77 and a one year high of $255.24. The firm has a market cap of $95.91 billion, a price-to-earnings ratio of 21.56 and a beta of 0.61. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 2.02. The firm has a 50-day simple moving average of $212.68 and a two-hundred day simple moving average of $184.91.

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

Agnico Eagle Mines Increases Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Canadian Imperial Bank of Commerce set a $296.00 price objective on shares of Agnico Eagle Mines and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Weiss Ratings lowered shares of Agnico Eagle Mines from a “buy (a-)” rating to a “buy (b)” rating in a research report on Monday, January 12th. Jefferies Financial Group set a $189.00 price target on Agnico Eagle Mines in a report on Sunday, December 7th. Wall Street Zen upgraded Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 21st. Finally, Citigroup lifted their target price on Agnico Eagle Mines from $198.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $232.18.

Read Our Latest Stock Analysis on AEM

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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.

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

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