Agnico Eagle Mines Limited (NYSE:AEM) Stake Boosted by Quadrant Capital Group LLC

Quadrant Capital Group LLC increased its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 24.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 787 shares of the mining company’s stock after purchasing an additional 155 shares during the period. Quadrant Capital Group LLC’s holdings in Agnico Eagle Mines were worth $62,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in AEM. Norges Bank acquired a new stake in Agnico Eagle Mines in the fourth quarter worth $573,446,000. Arrowstreet Capital Limited Partnership grew its position in shares of Agnico Eagle Mines by 81.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,051,473 shares of the mining company’s stock worth $551,339,000 after acquiring an additional 3,155,927 shares during the last quarter. AGF Management Ltd. increased its holdings in shares of Agnico Eagle Mines by 184.6% in the 4th quarter. AGF Management Ltd. now owns 1,395,850 shares of the mining company’s stock worth $109,205,000 after acquiring an additional 905,328 shares during the period. Van ECK Associates Corp lifted its position in 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 purchasing an additional 778,919 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Agnico Eagle Mines by 33.2% during the 4th quarter. Geode Capital Management LLC now owns 3,006,646 shares of the mining company’s stock valued at $239,844,000 after purchasing an additional 749,932 shares during the period. Institutional investors own 68.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on AEM. Royal Bank of Canada raised their price target on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, April 4th. Bank of America lifted their target price on Agnico Eagle Mines from $119.00 to $142.00 and gave the company a “buy” rating in a research note on Tuesday. UBS Group increased their price target on Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday. Raymond James lifted their price objective on shares of Agnico Eagle Mines from $105.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, April 4th. Finally, Jefferies Financial Group increased their target price on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a research report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $111.90.

Agnico Eagle Mines Price Performance

Shares of NYSE:AEM opened at $117.73 on Friday. The company has a market capitalization of $59.22 billion, a PE ratio of 31.14, a price-to-earnings-growth ratio of 0.66 and a beta of 0.87. 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 stock has a fifty day moving average of $101.63 and a 200-day moving average of $89.78. Agnico Eagle Mines Limited has a one year low of $60.15 and a one year high of $118.74.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its earnings results on Thursday, February 13th. The mining company reported $1.26 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%. As a group, equities analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.60 annualized dividend and a yield of 1.36%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 42.33%.

Agnico Eagle Mines Company 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.