Agnico Eagle Mines Limited $AEM Shares Acquired by Argentarii LLC

Argentarii LLC boosted its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEMFree Report) (TSE:AEM) by 898.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 71,120 shares of the mining company’s stock after acquiring an additional 63,998 shares during the quarter. Agnico Eagle Mines accounts for about 3.9% of Argentarii LLC’s investment portfolio, making the stock its 5th largest holding. Argentarii LLC’s holdings in Agnico Eagle Mines were worth $12,057,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in AEM. Brighton Jones LLC lifted its position in shares of Agnico Eagle Mines by 11.5% in the fourth quarter. Brighton Jones LLC now owns 3,216 shares of the mining company’s stock worth $252,000 after purchasing an additional 331 shares in the last quarter. AQR Capital Management LLC increased its stake in Agnico Eagle Mines by 36.4% in the 1st quarter. AQR Capital Management LLC now owns 19,829 shares of the mining company’s stock valued at $2,150,000 after buying an additional 5,293 shares during the period. Sivia Capital Partners LLC lifted its position in Agnico Eagle Mines by 57.2% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,188 shares of the mining company’s stock worth $379,000 after buying an additional 1,160 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Agnico Eagle Mines by 8.0% during the 2nd quarter. Rhumbline Advisers now owns 1,810 shares of the mining company’s stock valued at $215,000 after buying an additional 134 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Agnico Eagle Mines by 2.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,178,532 shares of the mining company’s stock valued at $140,135,000 after acquiring an additional 31,087 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Down 2.3%

AEM opened at $187.68 on Friday. The firm has a market cap of $94.03 billion, a P/E ratio of 21.13 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 business has a 50 day moving average price of $212.89 and a 200 day moving average price of $183.93. Agnico Eagle Mines Limited has a twelve month low of $94.77 and a twelve month high of $255.24.

Agnico Eagle Mines (NYSE:AEMGet Free Report) (TSE:AEM) last released its quarterly earnings results on Thursday, February 12th. The mining company reported $2.69 EPS for the quarter, beating 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 company had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same quarter last year, the firm posted $1.26 earnings per share. The company’s quarterly revenue was up 60.3% compared to the same quarter last year. 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 declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were given 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 dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, March 2nd. Agnico Eagle Mines’s dividend payout ratio (DPR) is 20.27%.

Analyst Ratings Changes

AEM has been the topic of a number of research reports. Canadian Imperial Bank of Commerce set a $296.00 price target on shares of Agnico Eagle Mines and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. JPMorgan Chase & Co. lowered their price target on Agnico Eagle Mines from $248.00 to $235.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. UBS Group restated a “neutral” rating and issued a $240.00 price objective on shares of Agnico Eagle Mines in a report on Friday, January 30th. Citigroup raised their price objective on shares of Agnico Eagle Mines from $198.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. Finally, Scotiabank reiterated an “outperform” rating and issued a $280.00 target price on shares of Agnico Eagle Mines in a research note on Tuesday, February 17th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Agnico Eagle Mines has a consensus rating of “Moderate Buy” and an average price target of $234.91.

View Our Latest 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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