Shrier Wealth Management LLC Acquires Shares of 4,858 Agnico Eagle Mines Limited $AEM

Shrier Wealth Management LLC acquired a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEMFree Report) (TSE:AEM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,858 shares of the mining company’s stock, valued at approximately $824,000.

Other institutional investors also recently modified their holdings of the company. TD Waterhouse Canada Inc. grew its position in Agnico Eagle Mines by 13.4% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,133,384 shares of the mining company’s stock valued at $192,951,000 after purchasing an additional 134,147 shares during the period. Ninety One UK Ltd raised its holdings in Agnico Eagle Mines by 386.5% during the third quarter. Ninety One UK Ltd now owns 188,189 shares of the mining company’s stock worth $31,703,000 after buying an additional 149,506 shares during the last quarter. Campbell & CO Investment Adviser LLC lifted its stake in shares of Agnico Eagle Mines by 1,560.8% in the third quarter. Campbell & CO Investment Adviser LLC now owns 48,677 shares of the mining company’s stock valued at $8,205,000 after buying an additional 45,746 shares in the last quarter. AustralianSuper Pty Ltd acquired a new position in shares of Agnico Eagle Mines during the third quarter valued at about $23,958,000. Finally, TD Asset Management Inc grew its holdings in shares of Agnico Eagle Mines by 1.5% during the third quarter. TD Asset Management Inc now owns 9,500,193 shares of the mining company’s stock valued at $1,600,436,000 after buying an additional 143,645 shares during the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AEM has been the topic of a number of analyst reports. Raymond James Financial restated an “outperform” rating and issued a $225.00 target price on shares of Agnico Eagle Mines in a report on Wednesday, January 14th. Wall Street Zen raised Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 21st. Scotiabank reissued an “outperform” rating and issued a $280.00 price objective on shares of Agnico Eagle Mines in a research note on Tuesday, February 17th. Citigroup raised their target price on Agnico Eagle Mines from $198.00 to $256.00 and gave the company a “buy” rating in a report on Thursday, January 15th. Finally, JPMorgan Chase & Co. cut their target price on Agnico Eagle Mines from $248.00 to $235.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $232.18.

View Our Latest Stock Analysis on AEM

Agnico Eagle Mines Trading Up 5.7%

NYSE:AEM opened at $202.84 on Wednesday. The company has a current ratio of 2.02, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $101.63 billion, a PE ratio of 22.84 and a beta of 0.61. The firm’s 50 day moving average is $212.56 and its 200 day moving average is $185.26. Agnico Eagle Mines Limited has a 12 month low of $94.77 and a 12 month high of $255.24.

Agnico Eagle Mines (NYSE:AEMGet Free Report) (TSE:AEM) last announced its quarterly earnings data on Thursday, February 12th. The mining company reported $2.69 earnings per share for the quarter, beating 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 business 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 earned $1.26 earnings per share. Agnico Eagle Mines’s revenue was up 60.3% compared to the same quarter last year. Sell-side analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Monday, March 2nd. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.40. Agnico Eagle Mines’s dividend payout ratio is currently 20.27%.

Agnico Eagle Mines News Summary

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

Agnico Eagle Mines 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.

Read More

Want to see what other hedge funds are holding AEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Agnico Eagle Mines Limited (NYSE:AEMFree Report) (TSE:AEM).

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

Receive News & Ratings for Agnico Eagle Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agnico Eagle Mines and related companies with MarketBeat.com's FREE daily email newsletter.