8,180 Shares in Agnico Eagle Mines Limited $AEM Purchased by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL bought a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 8,180 shares of the mining company’s stock, valued at approximately $1,379,000. Agnico Eagle Mines accounts for approximately 1.2% of Chesapeake Capital Corp IL’s investment portfolio, making the stock its 12th biggest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. True Wealth Design LLC lifted its holdings in shares of Agnico Eagle Mines by 381.3% during the third quarter. True Wealth Design LLC now owns 154 shares of the mining company’s stock worth $26,000 after buying an additional 122 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Agnico Eagle Mines in the second quarter worth $29,000. Blue Bell Private Wealth Management LLC grew its stake in shares of 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 worth $33,000 after acquiring an additional 74 shares during the last quarter. MCF Advisors LLC bought a new position in Agnico Eagle Mines during the third quarter worth $34,000. Finally, Caitlin John LLC bought a new position in Agnico Eagle Mines during the third quarter worth $36,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Performance

NYSE:AEM opened at $207.39 on Friday. The firm has a market capitalization of $103.91 billion, a PE ratio of 23.36 and a beta of 0.61. The company has a quick ratio of 1.33, a current ratio of 2.02 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines Limited has a 12-month low of $94.77 and a 12-month high of $255.24. The firm has a 50-day moving average price of $212.49 and a 200 day moving average price of $181.00.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released 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. Agnico Eagle Mines had a return on equity of 18.09% and a net margin of 37.47%.The firm had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same period in the prior year, the company posted $1.26 earnings per share. The business’s revenue for the quarter was up 60.3% compared to the same quarter last year. Research analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.80 annualized dividend and a yield of 0.9%. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.40. Agnico Eagle Mines’s payout ratio is 20.27%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AEM shares. Scotiabank restated an “outperform” rating and set a $280.00 price objective on shares of Agnico Eagle Mines in a report on Tuesday, February 17th. Wall Street Zen cut shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Canadian Imperial Bank of Commerce set a $296.00 target price on Agnico Eagle Mines and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Royal Bank Of Canada lowered Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from $185.00 to $205.00 in a research note on Wednesday, December 10th. Finally, Citigroup upped their price target on Agnico Eagle Mines from $198.00 to $256.00 and gave the company a “buy” rating in a report on Thursday, January 15th. Four equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $234.91.

Agnico Eagle Mines Company 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.