Agnico Eagle Mines Limited (NYSE:AEM) is Euro Pacific Asset Management LLC’s 2nd Largest Position

Euro Pacific Asset Management LLC raised its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 0.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 572,380 shares of the mining company’s stock after acquiring an additional 1,827 shares during the period. Agnico Eagle Mines makes up 6.6% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 2nd largest position. Euro Pacific Asset Management LLC’s holdings in Agnico Eagle Mines were worth $31,343,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of AEM. Bank of New York Mellon Corp increased its stake in shares of Agnico Eagle Mines by 86.4% in the first quarter. Bank of New York Mellon Corp now owns 540,450 shares of the mining company’s stock worth $33,097,000 after purchasing an additional 250,445 shares in the last quarter. US Bancorp DE grew its stake in Agnico Eagle Mines by 108.6% during the first quarter. US Bancorp DE now owns 4,420 shares of the mining company’s stock valued at $270,000 after acquiring an additional 2,301 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in Agnico Eagle Mines by 37.6% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,795 shares of the mining company’s stock valued at $171,000 after acquiring an additional 764 shares in the last quarter. Natixis Advisors L.P. purchased a new position in Agnico Eagle Mines during the first quarter valued at approximately $678,000. Finally, BlackRock Inc. grew its stake in Agnico Eagle Mines by 44.0% during the first quarter. BlackRock Inc. now owns 364,215 shares of the mining company’s stock valued at $22,304,000 after acquiring an additional 111,208 shares in the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Analyst Upgrades and Downgrades

AEM has been the subject of several recent analyst reports. CIBC reduced their price objective on shares of Agnico Eagle Mines from $72.00 to $69.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Jefferies Financial Group initiated coverage on shares of Agnico Eagle Mines in a research report on Thursday, February 29th. They set a “hold” rating and a $54.00 target price for the company. TD Securities dropped their target price on shares of Agnico Eagle Mines from $64.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Raymond James lifted their target price on shares of Agnico Eagle Mines from $66.00 to $71.00 and gave the company an “outperform” rating in a research report on Friday, January 12th. Finally, National Bank Financial reiterated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $63.71.

Agnico Eagle Mines Trading Up 1.4 %

Shares of AEM traded up $0.89 during mid-day trading on Thursday, reaching $63.38. The company’s stock had a trading volume of 1,900,205 shares, compared to its average volume of 3,254,140. The stock has a market cap of $31.60 billion, a PE ratio of 15.20, a P/E/G ratio of 0.92 and a beta of 1.06. The company has a current ratio of 2.09, a quick ratio of 0.74 and a debt-to-equity ratio of 0.10. Agnico Eagle Mines Limited has a 52 week low of $43.22 and a 52 week high of $64.19. The company’s fifty day moving average price is $54.48 and its two-hundred day moving average price is $51.70.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Friday, February 16th. The mining company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.09. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.72 billion. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 5.54%. The business’s quarterly revenue was up 26.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 EPS. On average, analysts predict that Agnico Eagle Mines Limited will post 2.51 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.52%. Agnico Eagle Mines’s payout ratio is 38.93%.

About Agnico Eagle Mines

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.