CANADA LIFE ASSURANCE Co Has $40.39 Million Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

CANADA LIFE ASSURANCE Co grew its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 6.8% in the 4th quarter, Holdings Channel reports. The fund owned 517,276 shares of the mining company’s stock after buying an additional 33,107 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in Agnico Eagle Mines were worth $40,391,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Versant Capital Management Inc acquired a new position in Agnico Eagle Mines during the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC grew its stake in shares of Agnico Eagle Mines by 859.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock worth $28,000 after buying an additional 318 shares during the last quarter. Decker Retirement Planning Inc. acquired a new position in shares of Agnico Eagle Mines during the fourth quarter worth $29,000. Fifth Third Bancorp lifted its stake in shares of Agnico Eagle Mines by 176.9% in the 4th quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock valued at $32,000 after acquiring an additional 260 shares during the last quarter. Finally, Duncker Streett & Co. Inc. boosted its holdings in shares of Agnico Eagle Mines by 37.3% during the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock valued at $32,000 after acquiring an additional 112 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Performance

Shares of Agnico Eagle Mines stock opened at $121.58 on Friday. The business has a 50-day moving average price of $103.84 and a two-hundred day moving average price of $91.07. Agnico Eagle Mines Limited has a 1-year low of $61.56 and a 1-year high of $125.94. 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 company has a market cap of $61.19 billion, a P/E ratio of 32.16, a PEG ratio of 0.66 and a beta of 0.87.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Thursday, February 13th. The mining company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. As a group, 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 announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.32%. The ex-dividend date was Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio is presently 42.33%.

Analyst Ratings Changes

A number of brokerages have issued reports on AEM. Citigroup upped their target price on Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, March 31st. Scotiabank reiterated an “outperform” rating on shares of Agnico Eagle Mines in a report on Monday. National Bank Financial raised shares of Agnico Eagle Mines to a “strong-buy” rating in a report on Friday, March 21st. Bank of America raised their price target on shares of Agnico Eagle Mines from $119.00 to $142.00 and gave the company a “buy” rating in a research note on Tuesday, April 8th. Finally, BMO Capital Markets started coverage on shares of Agnico Eagle Mines in a research note on Wednesday. They issued an “outperform” rating and a $181.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $124.40.

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.