Agnico Eagle Mines Limited $AEM Shares Bought by Rathbones Group PLC

Rathbones Group PLC raised its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 7.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,910 shares of the mining company’s stock after buying an additional 4,005 shares during the quarter. Rathbones Group PLC’s holdings in Agnico Eagle Mines were worth $9,831,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. TD Waterhouse Canada Inc. increased its stake in Agnico Eagle Mines by 13.4% during the third quarter. TD Waterhouse Canada Inc. now owns 1,133,384 shares of the mining company’s stock worth $192,951,000 after purchasing an additional 134,147 shares during the period. Ninety One UK Ltd increased its stake in Agnico Eagle Mines by 386.5% during the third quarter. Ninety One UK Ltd now owns 188,189 shares of the mining company’s stock worth $31,703,000 after purchasing an additional 149,506 shares during the period. 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. Gunderson Capital Management Inc. increased its stake in Agnico Eagle Mines by 187.6% during the fourth quarter. Gunderson Capital Management Inc. now owns 48,104 shares of the mining company’s stock worth $8,155,000 after purchasing an additional 31,378 shares during the period. Finally, TD Asset Management Inc increased its stake in Agnico Eagle Mines by 1.5% during the third quarter. TD Asset Management Inc now owns 9,500,193 shares of the mining company’s stock worth $1,600,436,000 after purchasing an additional 143,645 shares during the period. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Up 0.1%

AEM stock opened at $208.69 on Tuesday. The company’s 50 day moving average price is $212.29 and its 200 day moving average price is $186.82. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 2.02. Agnico Eagle Mines Limited has a fifty-two week low of $94.77 and a fifty-two week high of $255.24. The firm has a market capitalization of $104.56 billion, a price-to-earnings ratio of 23.50 and a beta of 0.71.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Thursday, February 12th. The mining company reported $2.69 earnings per share 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 analyst estimates of $3.40 billion. During the same period in the prior year, the firm earned $1.26 earnings per share. The business’s quarterly revenue was up 60.3% compared to the same quarter last year. On average, equities research analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were paid a dividend of $0.45 per share. The ex-dividend date was Monday, March 2nd. This is a positive change 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 0.9%. Agnico Eagle Mines’s payout ratio is currently 20.27%.

Analysts Set New Price Targets

AEM has been the topic of a number of recent research reports. Royal Bank Of Canada lowered shares of Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from $185.00 to $205.00 in a research note on Wednesday, December 10th. Weiss Ratings lowered shares of Agnico Eagle Mines from a “buy (a-)” rating to a “buy (b)” rating in a research note on Monday, January 12th. Scotiabank reiterated an “outperform” rating and set a $280.00 price target on shares of Agnico Eagle Mines in a research note on Tuesday, February 17th. Citigroup boosted 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. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $232.18.

Agnico Eagle Mines Company 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.