Hillsdale Investment Management Inc. Has $55.43 Million Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Hillsdale Investment Management Inc. grew its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 276.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 709,227 shares of the mining company’s stock after acquiring an additional 520,837 shares during the quarter. Agnico Eagle Mines comprises about 2.8% of Hillsdale Investment Management Inc.’s portfolio, making the stock its 6th biggest position. Hillsdale Investment Management Inc. owned approximately 0.14% of Agnico Eagle Mines worth $55,425,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Van ECK Associates Corp increased its holdings in shares of Agnico Eagle Mines by 3.6% in the 4th quarter. Van ECK Associates Corp now owns 22,322,859 shares of the mining company’s stock valued at $1,745,858,000 after acquiring an additional 778,919 shares during the period. FMR LLC increased its holdings in shares of Agnico Eagle Mines by 43.5% in the 3rd quarter. FMR LLC now owns 15,061,244 shares of the mining company’s stock valued at $1,213,311,000 after acquiring an additional 4,562,005 shares during the period. CIBC Asset Management Inc increased its holdings in shares of Agnico Eagle Mines by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 6,383,024 shares of the mining company’s stock valued at $499,956,000 after acquiring an additional 332,576 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Agnico Eagle Mines by 2.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,046,901 shares of the mining company’s stock valued at $472,475,000 after acquiring an additional 154,003 shares during the period. Finally, National Bank of Canada FI grew its stake in Agnico Eagle Mines by 7.4% during the 3rd quarter. National Bank of Canada FI now owns 4,155,349 shares of the mining company’s stock worth $334,749,000 after buying an additional 285,565 shares during the last quarter. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. TD Securities dropped their target price on Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Stifel Canada upgraded Agnico Eagle Mines to a “strong-buy” rating in a research note on Wednesday. Raymond James set a $105.00 target price on Agnico Eagle Mines and gave the stock an “outperform” rating in a research note on Tuesday, February 4th. StockNews.com downgraded Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. Finally, Jefferies Financial Group boosted their target price on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $95.78.

Agnico Eagle Mines Stock Down 1.0 %

Agnico Eagle Mines stock opened at $104.33 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86. The business’s 50-day simple moving average is $95.77 and its two-hundred day simple moving average is $86.82. The company has a market cap of $52.48 billion, a PE ratio of 27.60, a PEG ratio of 0.66 and a beta of 1.00. Agnico Eagle Mines Limited has a fifty-two week low of $55.64 and a fifty-two week high of $107.88.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data on Thursday, February 13th. The mining company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.44). Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. Equities analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.60 annualized dividend and a dividend yield of 1.53%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 42.33%.

Agnico Eagle Mines Profile

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.