Vanguard Group Inc. Boosts Stake in Agnico Eagle Mines Limited (NYSE:AEM)

Vanguard Group Inc. raised its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,865,285 shares of the mining company’s stock after buying an additional 331,087 shares during the period. Vanguard Group Inc. owned about 3.96% of Agnico Eagle Mines worth $1,554,180,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of AEM. Guardian Partners Inc. purchased a new position in Agnico Eagle Mines during the 4th quarter valued at $4,398,000. Hillsdale Investment Management Inc. lifted its position in shares of Agnico Eagle Mines by 276.5% during the fourth quarter. Hillsdale Investment Management Inc. now owns 709,227 shares of the mining company’s stock worth $55,425,000 after purchasing an additional 520,837 shares during the last quarter. Intellus Advisors LLC purchased a new stake in shares of Agnico Eagle Mines during the fourth quarter valued at $225,000. American Century Companies Inc. grew its holdings in shares of Agnico Eagle Mines by 10.2% in the fourth quarter. American Century Companies Inc. now owns 759,962 shares of the mining company’s stock worth $59,443,000 after purchasing an additional 70,157 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in Agnico Eagle Mines in the 4th quarter worth about $1,292,000. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Price Performance

AEM opened at $107.82 on Friday. The firm has a market capitalization of $54.23 billion, a PE ratio of 28.52, a price-to-earnings-growth ratio of 0.66 and a beta of 1.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. The business’s 50-day moving average is $97.52 and its two-hundred day moving average is $87.58. Agnico Eagle Mines Limited has a 1 year low of $58.18 and a 1 year high of $107.99.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data on Thursday, February 13th. The mining company reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. Research analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Friday, February 28th. Agnico Eagle Mines’s payout ratio is presently 42.33%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AEM shares. Raymond James set a $105.00 price objective on shares of Agnico Eagle Mines and gave the company an “outperform” rating in a research report on Tuesday, February 4th. Stifel Canada upgraded Agnico Eagle Mines to a “strong-buy” rating in a report on Wednesday, March 19th. National Bank Financial upgraded Agnico Eagle Mines to a “strong-buy” rating in a report on Friday, March 21st. Royal Bank of Canada upped their target price on Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Finally, StockNews.com downgraded Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $95.78.

Agnico Eagle Mines Profile

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.