American Century Companies Inc. Grows Stock Position in Agnico Eagle Mines Limited $AEM

American Century Companies Inc. increased its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEMFree Report) (TSE:AEM) by 21.9% during the third quarter, HoldingsChannel.com reports. The fund 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.’s holdings in Agnico Eagle Mines were worth $172,146,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. TD Waterhouse Canada Inc. lifted its stake 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 acquiring an additional 134,147 shares in the last quarter. Ninety One UK Ltd grew its position in Agnico Eagle Mines by 386.5% in the 3rd quarter. Ninety One UK Ltd now owns 188,189 shares of the mining company’s stock valued at $31,703,000 after acquiring an additional 149,506 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its stake in 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 during the period. AustralianSuper Pty Ltd acquired a new stake in shares of Agnico Eagle Mines during the third quarter worth about $23,958,000. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Agnico Eagle Mines by 5.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 11,712,397 shares of the mining company’s stock worth $1,974,242,000 after purchasing an additional 602,489 shares in the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Analysts Set New Price Targets

AEM has been the subject of several research reports. Raymond James Financial restated an “outperform” rating and issued a $225.00 price target on shares of Agnico Eagle Mines in a research note on Wednesday, January 14th. Canadian Imperial Bank of Commerce set a $296.00 target price on Agnico Eagle Mines and gave the company an “outperform” rating in a report on Wednesday, February 4th. Royal Bank Of Canada cut Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from $185.00 to $205.00 in a research note on Wednesday, December 10th. Wall Street Zen downgraded Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. Finally, Citigroup lifted their price objective on Agnico Eagle Mines from $198.00 to $256.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Three investment 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 stock. Based on data from 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

Agnico Eagle Mines Price Performance

Shares of NYSE:AEM opened at $251.48 on Monday. Agnico Eagle Mines Limited has a 52 week low of $92.11 and a 52 week high of $252.78. The company has a 50-day moving average price of $202.46 and a 200 day moving average price of $175.19. The company has a market cap of $126.00 billion, a P/E ratio of 28.32 and a beta of 0.61. The company has a quick ratio of 1.33, a current ratio of 2.02 and a debt-to-equity ratio of 0.01.

Agnico Eagle Mines (NYSE:AEMGet Free Report) (TSE:AEM) last announced its quarterly earnings results on Thursday, February 12th. The mining company reported $2.69 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $3.40 billion. During the same quarter in the previous year, the company earned $1.26 EPS. The company’s quarterly revenue was up 60.3% on a year-over-year basis. Research analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be issued a $0.45 dividend. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.40. The ex-dividend date is Monday, March 2nd. 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 18.02%.

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Agnico Eagle Mines 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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