Bayesian Capital Management LP acquired a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 20,600 shares of the mining company’s stock, valued at approximately $929,000.

A number of other institutional investors and hedge funds also recently modified their holdings of AEM. Parametric Portfolio Associates LLC increased its holdings in Agnico Eagle Mines Limited by 61.6% during the 1st quarter. Parametric Portfolio Associates LLC now owns 57,006 shares of the mining company’s stock worth $2,419,000 after purchasing an additional 21,722 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Agnico Eagle Mines Limited by 14.0% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 24,875 shares of the mining company’s stock worth $1,056,000 after purchasing an additional 3,063 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Agnico Eagle Mines Limited by 9.6% during the 1st quarter. JPMorgan Chase & Co. now owns 1,569,520 shares of the mining company’s stock worth $66,611,000 after purchasing an additional 137,442 shares in the last quarter. Twin Tree Management LP increased its holdings in Agnico Eagle Mines Limited by 208.8% during the 1st quarter. Twin Tree Management LP now owns 51,899 shares of the mining company’s stock worth $2,203,000 after purchasing an additional 99,584 shares in the last quarter. Finally, Cheviot Value Management LLC increased its holdings in Agnico Eagle Mines Limited by 10.5% during the 1st quarter. Cheviot Value Management LLC now owns 104,546 shares of the mining company’s stock worth $4,437,000 after purchasing an additional 9,948 shares in the last quarter. 59.02% of the stock is owned by hedge funds and other institutional investors.

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Agnico Eagle Mines Limited (NYSE:AEM) traded up 0.66% during trading on Thursday, reaching $45.66. The company had a trading volume of 108,939 shares. The firm has a market capitalization of $10.56 billion, a PE ratio of 41.97 and a beta of -0.71. Agnico Eagle Mines Limited has a 12-month low of $35.05 and a 12-month high of $56.43. The firm’s 50 day moving average price is $47.84 and its 200 day moving average price is $46.25.

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

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.87%. The ex-dividend date was Wednesday, August 30th. Agnico Eagle Mines Limited’s dividend payout ratio (DPR) is currently 36.70%.

Several equities analysts have recently issued reports on AEM shares. Credit Suisse Group set a $64.00 target price on Agnico Eagle Mines Limited and gave the company a “buy” rating in a report on Sunday, September 10th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a $61.00 target price on shares of Agnico Eagle Mines Limited in a report on Thursday, June 15th. Zacks Investment Research raised Agnico Eagle Mines Limited from a “hold” rating to a “strong-buy” rating and set a $51.00 target price for the company in a report on Friday, July 14th. BMO Capital Markets set a $47.00 target price on Agnico Eagle Mines Limited and gave the company a “hold” rating in a report on Tuesday, August 22nd. Finally, National Bank Financial raised Agnico Eagle Mines Limited from a “sector perform” rating to an “outperform” rating in a report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $54.44.

About Agnico Eagle Mines Limited

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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