Agnico Eagle Mines Limited $AEM Shares Purchased by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. raised its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 12.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 193,818 shares of the mining company’s stock after acquiring an additional 21,717 shares during the period. Montrusco Bolton Investments Inc.’s holdings in Agnico Eagle Mines were worth $32,651,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Pure Portfolios Holdings LLC raised its holdings in Agnico Eagle Mines by 1.6% in the 3rd quarter. Pure Portfolios Holdings LLC now owns 3,781 shares of the mining company’s stock worth $637,000 after purchasing an additional 60 shares during the period. HB Wealth Management LLC increased its holdings in shares of Agnico Eagle Mines by 1.2% in the third quarter. HB Wealth Management LLC now owns 5,640 shares of the mining company’s stock valued at $951,000 after purchasing an additional 69 shares during the last quarter. Union Bancaire Privee UBP SA grew its holdings in shares of Agnico Eagle Mines by 1.6% in the third quarter. Union Bancaire Privee UBP SA now owns 4,446 shares of the mining company’s stock valued at $749,000 after purchasing an additional 72 shares during the period. Blue Bell Private Wealth Management LLC lifted its stake in shares of Agnico Eagle Mines by 59.7% in the 3rd 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 last quarter. Finally, Evergreen Capital Management LLC increased its position in shares of Agnico Eagle Mines by 0.9% during the second quarter. Evergreen Capital Management LLC now owns 8,232 shares of the mining company’s stock valued at $979,000 after acquiring an additional 77 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Analyst Upgrades and Downgrades

AEM has been the topic of a number of recent research reports. TD Securities set a $251.00 price objective on Agnico Eagle Mines and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Royal Bank Of Canada lowered shares of Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and increased their price target for the company from $185.00 to $205.00 in a research note on Wednesday, December 10th. Wall Street Zen downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. Weiss Ratings downgraded shares of Agnico Eagle Mines from a “buy (a-)” rating to a “buy (b)” rating in a research report on Monday, January 12th. Finally, Citigroup lifted their price target on shares of 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 analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $234.91.

Agnico Eagle Mines Stock Down 1.4%

Shares of NYSE AEM opened at $240.63 on Thursday. The firm’s 50-day moving average is $199.36 and its two-hundred day moving average is $173.31. The company has a market capitalization of $120.56 billion, a PE ratio of 27.10, a price-to-earnings-growth ratio of 0.57 and a beta of 0.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.02 and a quick ratio of 1.33. Agnico Eagle Mines Limited has a 12-month low of $92.11 and a 12-month high of $245.81.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Thursday, February 12th. The mining company reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.13. The business had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.40 billion. Agnico Eagle Mines had a return on equity of 18.09% and a net margin of 37.47%.The business’s revenue was up 60.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.26 earnings per share. Equities analysts anticipate 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. Shareholders of record on Monday, March 2nd will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.7%. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, March 2nd. Agnico Eagle Mines’s dividend payout ratio is 18.02%.

Agnico Eagle Mines Profile

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.