Raymond James & Associates grew its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM – Get Rating) (TSE:AEM) by 5.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 364,065 shares of the mining company’s stock after purchasing an additional 18,994 shares during the quarter. Raymond James & Associates owned about 0.08% of Agnico Eagle Mines worth $18,928,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Lindbrook Capital LLC raised its holdings in Agnico Eagle Mines by 61.6% in the 4th quarter. Lindbrook Capital LLC now owns 514 shares of the mining company’s stock worth $27,000 after acquiring an additional 196 shares during the period. Ronald Blue Trust Inc. raised its holdings in Agnico Eagle Mines by 72.7% in the 4th quarter. Ronald Blue Trust Inc. now owns 708 shares of the mining company’s stock worth $30,000 after acquiring an additional 298 shares during the period. Exchange Traded Concepts LLC raised its holdings in Agnico Eagle Mines by 124.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 834 shares of the mining company’s stock worth $43,000 after acquiring an additional 462 shares during the period. Almanack Investment Partners LLC. bought a new position in Agnico Eagle Mines in the 3rd quarter worth $37,000. Finally, Global Retirement Partners LLC raised its holdings in Agnico Eagle Mines by 88.0% in the 3rd quarter. Global Retirement Partners LLC now owns 906 shares of the mining company’s stock worth $40,000 after acquiring an additional 424 shares during the period. Institutional investors own 58.11% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on AEM. Barclays raised their price target on shares of Agnico Eagle Mines from $62.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, April 21st. Scotiabank began coverage on shares of Agnico Eagle Mines in a research report on Monday, April 3rd. They issued an “outperform” rating on the stock. Raymond James raised their price target 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. TheStreet upgraded shares of Agnico Eagle Mines from a “c+” rating to a “b-” rating in a research report on Wednesday, January 25th. Finally, StockNews.com started coverage on shares of Agnico Eagle Mines in a research report on Thursday, March 16th. They set a “hold” rating on the stock. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $70.63.
Agnico Eagle Mines Trading Down 0.1 %
Agnico Eagle Mines (NYSE:AEM – Get Rating) (TSE:AEM) last issued its earnings results on Friday, February 17th. The mining company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. Agnico Eagle Mines had a net margin of 40.12% and a return on equity of 6.07%. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the firm earned $0.46 earnings per share. The business’s quarterly revenue was up 45.5% on a year-over-year basis. On average, sell-side analysts anticipate that Agnico Eagle Mines Limited will post 2.28 earnings per share for the current year.
Agnico Eagle Mines Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Wednesday, May 31st. Agnico Eagle Mines’s payout ratio is presently 31.50%.
Agnico Eagle Mines Company Profile
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.
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