Agnico Eagle Mines Limited (NYSE:AEM) Shares Bought by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc grew its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 22.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,308 shares of the mining company’s stock after buying an additional 9,420 shares during the period. K.J. Harrison & Partners Inc’s holdings in Agnico Eagle Mines were worth $2,818,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ANTIPODES PARTNERS Ltd bought a new position in Agnico Eagle Mines in the 4th quarter valued at about $41,610,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Agnico Eagle Mines by 8.6% in the third quarter. The Manufacturers Life Insurance Company now owns 8,380,993 shares of the mining company’s stock valued at $383,555,000 after acquiring an additional 665,356 shares in the last quarter. Alberta Investment Management Corp increased its stake in shares of Agnico Eagle Mines by 17.2% during the third quarter. Alberta Investment Management Corp now owns 1,957,250 shares of the mining company’s stock valued at $89,350,000 after acquiring an additional 286,600 shares during the period. Vanguard Group Inc. raised its holdings in Agnico Eagle Mines by 1.6% during the third quarter. Vanguard Group Inc. now owns 17,224,538 shares of the mining company’s stock worth $782,855,000 after purchasing an additional 278,647 shares in the last quarter. Finally, Cadinha & Co. LLC bought a new stake in Agnico Eagle Mines during the fourth quarter worth approximately $13,230,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Trading Up 0.9 %

Shares of Agnico Eagle Mines stock traded up $0.57 during trading on Friday, hitting $65.51. The stock had a trading volume of 5,016,888 shares, compared to its average volume of 3,325,793. The company has a quick ratio of 0.74, a current ratio of 2.09 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $32.66 billion, a PE ratio of 15.94, a P/E/G ratio of 0.90 and a beta of 1.06. Agnico Eagle Mines Limited has a 1 year low of $43.22 and a 1 year high of $67.80. The stock has a 50 day simple moving average of $56.90 and a 200 day simple moving average of $52.59.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Thursday, April 25th. The mining company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.16. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 5.54%. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.57 EPS. On average, research analysts expect that Agnico Eagle Mines Limited will post 2.66 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.44%. The ex-dividend date was Thursday, February 29th. Agnico Eagle Mines’s dividend payout ratio is currently 38.93%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Raymond James lifted their price target on Agnico Eagle Mines from $66.00 to $71.00 and gave the company an “outperform” rating in a research report on Friday, January 12th. National Bank Financial reissued an “outperform overweight” rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. TD Securities lowered their price objective on shares of Agnico Eagle Mines from $64.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. CIBC dropped their target price on shares of Agnico Eagle Mines from $72.00 to $69.00 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. Finally, Jefferies Financial Group raised their target price on shares of Agnico Eagle Mines from $54.00 to $57.00 and gave the stock a “hold” rating in a report on Monday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Agnico Eagle Mines presently has a consensus rating of “Moderate Buy” and an average target price of $64.14.

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.