K.J. Harrison & Partners Inc Buys 9,420 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

K.J. Harrison & Partners Inc lifted its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 22.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 51,308 shares of the mining company’s stock after acquiring an additional 9,420 shares during the period. K.J. Harrison & Partners Inc’s holdings in Agnico Eagle Mines were worth $2,818,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in Agnico Eagle Mines by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 17,224,538 shares of the mining company’s stock worth $782,855,000 after acquiring an additional 278,647 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Agnico Eagle Mines by 1.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 13,794,968 shares of the mining company’s stock worth $626,981,000 after purchasing an additional 152,166 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Agnico Eagle Mines by 0.4% during the fourth quarter. Mackenzie Financial Corp now owns 9,811,207 shares of the mining company’s stock worth $538,193,000 after purchasing an additional 41,068 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Agnico Eagle Mines by 8.6% in the third quarter. The Manufacturers Life Insurance Company now owns 8,380,993 shares of the mining company’s stock valued at $383,555,000 after purchasing an additional 665,356 shares during the last quarter. Finally, Flossbach Von Storch AG lifted its stake in Agnico Eagle Mines by 0.4% in the third quarter. Flossbach Von Storch AG now owns 5,666,972 shares of the mining company’s stock valued at $257,564,000 after buying an additional 21,766 shares during the period. 68.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AEM shares. TD Securities lowered their price target on Agnico Eagle Mines from $64.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Jefferies Financial Group upped their target price on shares of Agnico Eagle Mines from $54.00 to $57.00 and gave the company a “hold” rating in a research note on Monday. Raymond James increased their target price on shares of Agnico Eagle Mines from $66.00 to $71.00 and gave the stock an “outperform” rating in a report on Friday, January 12th. CIBC decreased their price target on shares of Agnico Eagle Mines from $72.00 to $69.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Finally, National Bank Financial restated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.14.

Agnico Eagle Mines Stock Up 0.9 %

AEM traded up $0.57 during trading on Friday, reaching $65.51. The company had a trading volume of 5,016,888 shares, compared to its average volume of 3,325,793. The business’s fifty day moving average price is $56.90 and its 200 day moving average price is $52.59. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.09 and a quick ratio of 0.74. Agnico Eagle Mines Limited has a 12 month low of $43.22 and a 12 month high of $67.80. The company has a market cap of $32.66 billion, a P/E ratio of 15.94, a PEG ratio of 0.90 and a beta of 1.06.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Thursday, April 25th. The mining company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.60 by $0.16. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 5.54%. The firm’s revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.57 EPS. Equities analysts anticipate that Agnico Eagle Mines Limited will post 2.66 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.40 per share. The ex-dividend date was Thursday, February 29th. This represents a $1.60 annualized dividend and a dividend yield of 2.44%. Agnico Eagle Mines’s dividend payout ratio is currently 38.93%.

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.