Korea Investment CORP Has $33.30 Million Stock Position in Agnico Eagle Mines Limited (NYSE:AEM)

Korea Investment CORP lessened its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 29.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 425,837 shares of the mining company’s stock after selling 178,940 shares during the period. Korea Investment CORP’s holdings in Agnico Eagle Mines were worth $33,298,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Mufg Securities Canada LTD. boosted its holdings in Agnico Eagle Mines by 72.3% in the fourth quarter. Mufg Securities Canada LTD. now owns 765,833 shares of the mining company’s stock valued at $59,876,000 after acquiring an additional 321,354 shares during the last quarter. TD Asset Management Inc. increased its position in shares of Agnico Eagle Mines by 2.8% during the fourth quarter. TD Asset Management Inc. now owns 6,324,291 shares of the mining company’s stock worth $494,528,000 after buying an additional 174,366 shares during the period. Prudential Financial Inc. increased its position in shares of Agnico Eagle Mines by 21.6% during the fourth quarter. Prudential Financial Inc. now owns 33,637 shares of the mining company’s stock worth $2,630,000 after buying an additional 5,967 shares during the period. Vanguard Group Inc. lifted its holdings in Agnico Eagle Mines by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 19,865,285 shares of the mining company’s stock valued at $1,554,180,000 after buying an additional 331,087 shares during the period. Finally, Guardian Partners Inc. acquired a new position in Agnico Eagle Mines in the fourth quarter valued at $4,398,000. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Down 0.5 %

Agnico Eagle Mines stock opened at $107.34 on Friday. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The firm’s fifty day moving average price is $97.96 and its two-hundred day moving average price is $87.79. The firm has a market capitalization of $53.99 billion, a price-to-earnings ratio of 28.40, a price-to-earnings-growth ratio of 0.66 and a beta of 1.00. Agnico Eagle Mines Limited has a 1-year low of $60.15 and a 1-year high of $110.36.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings results on Thursday, February 13th. The mining company reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. On average, equities research analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, February 28th. This represents a $1.60 annualized dividend and a yield of 1.49%. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 42.33%.

Analyst Ratings Changes

Several research analysts have recently weighed in on AEM shares. Raymond James set a $105.00 price objective on Agnico Eagle Mines and gave the stock an “outperform” rating in a research report on Tuesday, February 4th. StockNews.com downgraded Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. TD Securities dropped their price target 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. National Bank Financial raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Friday, March 21st. Finally, Stifel Canada upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $95.78.

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.