Agnico Eagle Mines Limited $AEM Shares Purchased by Explore Capital Management LLC

Explore Capital Management LLC increased its position in shares of Agnico Eagle Mines Limited (NYSE:AEMFree Report) (TSE:AEM) by 26.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 35,400 shares of the mining company’s stock after acquiring an additional 7,400 shares during the quarter. Agnico Eagle Mines makes up 3.7% of Explore Capital Management LLC’s portfolio, making the stock its 13th biggest holding. Explore Capital Management LLC’s holdings in Agnico Eagle Mines were worth $5,967,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of AEM. True Wealth Design LLC raised its position in shares of Agnico Eagle Mines by 381.3% during the 3rd quarter. True Wealth Design LLC now owns 154 shares of the mining company’s stock valued at $26,000 after buying an additional 122 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in Agnico Eagle Mines during the second quarter worth $29,000. City State Bank raised its position in Agnico Eagle Mines by 69.2% in the second quarter. City State Bank now owns 269 shares of the mining company’s stock valued at $32,000 after purchasing an additional 110 shares during the period. Blue Bell Private Wealth Management LLC raised its position in Agnico Eagle Mines by 59.7% in the third quarter. Blue Bell Private Wealth Management LLC now owns 198 shares of the mining company’s stock valued at $33,000 after purchasing an additional 74 shares during the period. Finally, MCF Advisors LLC acquired a new stake in shares of Agnico Eagle Mines during the 3rd quarter worth about $34,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Trading Up 1.6%

Shares of AEM stock opened at $228.11 on Friday. Agnico Eagle Mines Limited has a fifty-two week low of $92.11 and a fifty-two week high of $229.09. The company has a 50 day moving average price of $194.91 and a 200 day moving average price of $171.09. The stock has a market capitalization of $114.29 billion, a P/E ratio of 25.69, a price-to-earnings-growth ratio of 0.53 and a beta of 0.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.31 and a current ratio of 2.02.

Agnico Eagle Mines (NYSE:AEMGet Free Report) (TSE:AEM) last released its earnings results on Thursday, February 12th. The mining company reported $2.69 earnings per share (EPS) 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 company 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 business earned $1.26 EPS. The firm’s quarterly revenue was up 60.3% on a year-over-year basis. Equities research analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid a $0.45 dividend. The ex-dividend date is Monday, March 2nd. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. Agnico Eagle Mines’s payout ratio is 18.02%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Zacks Research lowered shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. Royal Bank Of Canada lowered shares of Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from $185.00 to $205.00 in a report on Wednesday, December 10th. UBS Group reiterated a “neutral” rating and issued a $240.00 target price on shares of Agnico Eagle Mines in a report on Friday, January 30th. Jefferies Financial Group set a $189.00 target price on Agnico Eagle Mines in a research report on Sunday, December 7th. Finally, Citigroup upped their price target on Agnico Eagle Mines from $198.00 to $256.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $234.91.

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About Agnico Eagle Mines

(Free Report)

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.

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Institutional Ownership by Quarter for Agnico Eagle Mines (NYSE:AEM)

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