Aviso Financial Inc. Buys 2,600 Shares of Agnico Eagle Mines Limited $AEM

Aviso Financial Inc. boosted its stake in Agnico Eagle Mines Limited (NYSE:AEMFree Report) (TSE:AEM) by 12.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,729 shares of the mining company’s stock after acquiring an additional 2,600 shares during the period. Aviso Financial Inc.’s holdings in Agnico Eagle Mines were worth $3,997,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Nicholas Hoffman & Company LLC. bought a new position in shares of Agnico Eagle Mines during the 3rd quarter worth $268,000. American Century Companies Inc. increased its stake in shares of Agnico Eagle Mines by 21.9% in the third quarter. American Century Companies Inc. now owns 1,021,530 shares of the mining company’s stock worth $172,146,000 after purchasing an additional 183,503 shares in the last quarter. Harvest Portfolios Group Inc. raised its position in shares of Agnico Eagle Mines by 489.9% in the third quarter. Harvest Portfolios Group Inc. now owns 94,241 shares of the mining company’s stock valued at $15,873,000 after purchasing an additional 78,264 shares during the period. Ninepoint Partners LP lifted its stake in shares of Agnico Eagle Mines by 9.6% during the 3rd quarter. Ninepoint Partners LP now owns 69,774 shares of the mining company’s stock valued at $11,761,000 after buying an additional 6,097 shares in the last quarter. Finally, Caitlin John LLC purchased a new stake in shares of Agnico Eagle Mines during the 3rd quarter valued at approximately $36,000. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines News Roundup

Here are the key news stories impacting Agnico Eagle Mines this week:

Agnico Eagle Mines Trading Up 2.1%

Shares of AEM stock opened at $251.48 on Friday. 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 1-year low of $92.11 and a 1-year high of $252.78. The stock has a market capitalization of $126.00 billion, a PE ratio of 28.32, a P/E/G ratio of 0.57 and a beta of 0.63. The business has a 50-day moving average of $202.46 and a 200 day moving average of $174.90.

Agnico Eagle Mines (NYSE:AEMGet Free Report) (TSE:AEM) last issued its earnings results on Thursday, February 12th. The mining company reported $2.69 EPS for the quarter, topping the consensus estimate of $2.56 by $0.13. The company had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.40 billion. Agnico Eagle Mines had a net margin of 37.47% and a return on equity of 18.09%. The firm’s revenue for the quarter was up 60.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.26 earnings per share. As a group, sell-side analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be given a $0.45 dividend. The ex-dividend date is Monday, March 2nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.40. Agnico Eagle Mines’s dividend payout ratio is 18.02%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AEM. JPMorgan Chase & Co. cut their price target on Agnico Eagle Mines from $248.00 to $235.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Wall Street Zen downgraded Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Weiss Ratings cut Agnico Eagle Mines from a “buy (a-)” rating to a “buy (b)” rating in a research report on Monday, January 12th. TD Securities set a $251.00 price objective on shares of Agnico Eagle Mines and gave the company a “buy” rating in a research report on Tuesday, February 17th. Finally, Scotiabank reissued an “outperform” rating and set a $280.00 price objective on shares of Agnico Eagle Mines in a research note on Tuesday, February 17th. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $234.91.

View Our Latest Stock Report on Agnico Eagle Mines

Agnico Eagle Mines Company Profile

(Free Report)

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.

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

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