Oppenheimer & Close LLC bought a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,650 shares of the mining company’s stock, valued at approximately $209,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Neuberger Berman Group LLC raised its holdings in Agnico Eagle Mines Limited by 4.2% during the second quarter. Neuberger Berman Group LLC now owns 816,794 shares of the mining company’s stock worth $36,854,000 after acquiring an additional 33,285 shares in the last quarter. Boulegeris Investments Inc. raised its holdings in Agnico Eagle Mines Limited by 135.7% during the second quarter. Boulegeris Investments Inc. now owns 12,070 shares of the mining company’s stock worth $545,000 after acquiring an additional 6,950 shares in the last quarter. Aviva PLC raised its holdings in Agnico Eagle Mines Limited by 3.3% during the second quarter. Aviva PLC now owns 144,463 shares of the mining company’s stock worth $6,508,000 after acquiring an additional 4,590 shares in the last quarter. Airain ltd bought a new stake in Agnico Eagle Mines Limited during the second quarter worth about $4,627,000. Finally, Fruth Investment Management bought a new stake in Agnico Eagle Mines Limited during the second quarter worth about $212,000. Institutional investors and hedge funds own 59.02% of the company’s stock.

AEM has been the topic of several analyst reports. Zacks Investment Research upgraded Agnico Eagle Mines Limited from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Thursday, July 27th. Credit Suisse Group set a $63.00 target price on Agnico Eagle Mines Limited and gave the stock a “buy” rating in a report on Tuesday, July 18th. Royal Bank Of Canada set a $54.00 target price on Agnico Eagle Mines Limited and gave the stock a “hold” rating in a report on Monday, June 12th. ValuEngine upgraded Agnico Eagle Mines Limited from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BMO Capital Markets set a $47.00 target price on Agnico Eagle Mines Limited and gave the stock a “hold” rating in a report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $55.06.

Agnico Eagle Mines Limited (NYSE AEM) traded down 2.81% during mid-day trading on Monday, reaching $46.77. The company’s stock had a trading volume of 738,059 shares. The company has a market cap of $10.81 billion, a price-to-earnings ratio of 42.99 and a beta of -0.71. The firm has a 50 day moving average price of $47.82 and a 200 day moving average price of $46.10. Agnico Eagle Mines Limited has a 52-week low of $35.05 and a 52-week high of $57.35.

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) last posted its earnings results on Wednesday, July 26th. The mining company reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.10. Agnico Eagle Mines Limited had a net margin of 11.32% and a return on equity of 5.38%. The firm had revenue of $549.88 million for the quarter, compared to analysts’ expectations of $529.43 million. During the same quarter last year, the firm earned $0.16 EPS. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. Equities research analysts anticipate that Agnico Eagle Mines Limited will post $0.81 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.83%. Agnico Eagle Mines Limited’s dividend payout ratio is currently 36.70%.

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Agnico Eagle Mines Limited Company Profile

Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.

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

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