Keybank National Association OH Acquires 578 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Posted by Defense World Staff on Apr 21st, 2023

Keybank National Association OH raised its position in Agnico Eagle Mines Limited (NYSE:AEM – Get Rating) (TSE:AEM) by 8.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,354 shares of the mining company’s stock after buying an additional 578 shares during the period. Keybank National Association OH’s holdings in Agnico Eagle Mines were worth $382,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lindbrook Capital LLC boosted its position in Agnico Eagle Mines by 61.6% in the fourth quarter. Lindbrook Capital LLC now owns 514 shares of the mining company’s stock valued at $27,000 after buying an additional 196 shares in the last quarter. Uncommon Cents Investing LLC lifted its position in shares of Agnico Eagle Mines by 1.2% during the fourth quarter. Uncommon Cents Investing LLC now owns 17,730 shares of the mining company’s stock worth $922,000 after purchasing an additional 205 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Agnico Eagle Mines by 34.9% during the first quarter. Geneos Wealth Management Inc. now owns 1,016 shares of the mining company’s stock worth $62,000 after purchasing an additional 263 shares in the last quarter. Ronald Blue Trust Inc. lifted its position in shares of Agnico Eagle Mines by 72.7% during the fourth quarter. Ronald Blue Trust Inc. now owns 708 shares of the mining company’s stock worth $30,000 after purchasing an additional 298 shares in the last quarter. Finally, IHT Wealth Management LLC lifted its position in shares of Agnico Eagle Mines by 2.3% during the third quarter. IHT Wealth Management LLC now owns 13,841 shares of the mining company’s stock worth $585,000 after purchasing an additional 314 shares in the last quarter. 58.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AEM has been the topic of a number of research reports. Raymond James upped their target price on shares of Agnico Eagle Mines from $65.00 to $67.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 31st. StockNews.com initiated coverage on shares of Agnico Eagle Mines in a report on Thursday, March 16th. They issued a “hold” rating on the stock. National Bank Financial cut their price objective on shares of Agnico Eagle Mines from C$89.00 to C$88.00 in a report on Tuesday, February 14th. Scotiabank initiated coverage on shares of Agnico Eagle Mines in a report on Monday, April 3rd. They issued an “outperform” rating on the stock. Finally, Barclays cut their price objective on shares of Agnico Eagle Mines from $65.00 to $62.00 in a report on Friday, February 17th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Agnico Eagle Mines has a consensus rating of “Moderate Buy” and an average price target of $70.50.

Agnico Eagle Mines Stock Up 0.7 %

Shares of AEM stock opened at $56.74 on Friday. The firm has a fifty day moving average of $50.72 and a 200-day moving average of $50.05. The company has a quick ratio of 1.03, a current ratio of 2.30 and a debt-to-equity ratio of 0.08. Agnico Eagle Mines Limited has a 12-month low of $36.69 and a 12-month high of $64.63. The company has a market capitalization of $28.03 billion, a price-to-earnings ratio of 37.83, a P/E/G ratio of 30.85 and a beta of 0.80.

Agnico Eagle Mines (NYSE:AEM – Get Rating) (TSE:AEM) last released its earnings results on Friday, February 17th. The mining company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.42 billion. Agnico Eagle Mines had a net margin of 11.67% and a return on equity of 6.18%. The firm’s revenue for the quarter was up 45.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 earnings per share. As a group, equities research analysts predict that Agnico Eagle Mines Limited will post 1.86 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend was Tuesday, February 28th. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 106.67%.

Agnico Eagle Mines Company Profile

(Get Rating)

Agnico Eagle Mines Ltd. engages in the exploration and production of gold. It operates through the following segments: Northern Business, Southern Business, and Exploration. The Northern Business segment comprises of LaRonde mine, LaRonde Zone 5 mine, Lapa mine, Goldex mine, Meadowbank mine including the Amaruq deposit, Canadian Malartic joint operation, Meliadine project and Kittila mine.