Zurcher Kantonalbank Zurich Cantonalbank Has $11.21 Million Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.7% during the fourth quarter, Holdings Channel reports. The firm owned 203,492 shares of the mining company’s stock after acquiring an additional 5,319 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Agnico Eagle Mines were worth $11,212,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Coppell Advisory Solutions Corp. acquired a new position in shares of Agnico Eagle Mines in the 4th quarter valued at about $26,000. Bruce G. Allen Investments LLC acquired a new position in shares of Agnico Eagle Mines in the 4th quarter valued at about $33,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Agnico Eagle Mines in the 3rd quarter valued at about $34,000. CVA Family Office LLC acquired a new position in shares of Agnico Eagle Mines in the 4th quarter valued at about $36,000. Finally, Almanack Investment Partners LLC. acquired a new position in shares of Agnico Eagle Mines in the 3rd quarter valued at about $37,000. 68.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AEM. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. Raymond James upped their price target on Agnico Eagle Mines from $66.00 to $71.00 and gave the stock an “outperform” rating in a research note on Friday, January 12th. Jefferies Financial Group began coverage on Agnico Eagle Mines in a research note on Thursday, February 29th. They set a “hold” rating and a $54.00 price target on the stock. TD Securities dropped their price target on 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. Finally, CIBC dropped their price target on Agnico Eagle Mines from $72.00 to $69.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Agnico Eagle Mines has a consensus rating of “Moderate Buy” and a consensus target price of $63.71.

Agnico Eagle Mines Stock Performance

Shares of Agnico Eagle Mines stock opened at $63.84 on Friday. The company has a market cap of $31.83 billion, a PE ratio of 15.53, a price-to-earnings-growth ratio of 0.94 and a beta of 1.06. Agnico Eagle Mines Limited has a 52 week low of $43.22 and a 52 week high of $64.19. The business has a 50 day moving average price of $55.15 and a 200-day moving average price of $51.92. The company has a quick ratio of 0.74, a current ratio of 2.09 and a debt-to-equity ratio of 0.10.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data on Friday, February 16th. The mining company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.48 by $0.09. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.72 billion. Agnico Eagle Mines had a return on equity of 5.54% and a net margin of 29.29%. The company’s quarterly revenue was up 26.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.41 earnings per share. Equities analysts anticipate that Agnico Eagle Mines Limited will post 2.51 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend was Thursday, February 29th. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 38.93%.

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.