Quadrant Capital Group LLC Raises Stake in Agnico Eagle Mines Limited (NYSE:AEM)

Quadrant Capital Group LLC boosted its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 24.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 787 shares of the mining company’s stock after buying 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.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Agnico Eagle Mines in the 4th quarter valued at $573,446,000. Arrowstreet Capital Limited Partnership raised its position in Agnico Eagle Mines by 81.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,051,473 shares of the mining company’s stock valued at $551,339,000 after purchasing an additional 3,155,927 shares during the period. AGF Management Ltd. lifted its stake in shares of Agnico Eagle Mines by 184.6% during the fourth quarter. AGF Management Ltd. now owns 1,395,850 shares of the mining company’s stock worth $109,205,000 after purchasing an additional 905,328 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Agnico Eagle Mines by 3.6% in the fourth quarter. Van ECK Associates Corp now owns 22,322,859 shares of the mining company’s stock worth $1,745,858,000 after buying an additional 778,919 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Agnico Eagle Mines by 33.2% in the fourth quarter. Geode Capital Management LLC now owns 3,006,646 shares of the mining company’s stock worth $239,844,000 after buying an additional 749,932 shares during the period. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Up 5.5 %

Shares of Agnico Eagle Mines stock opened at $117.73 on Friday. The business has a 50-day moving average price of $101.63 and a 200 day moving average price of $89.78. Agnico Eagle Mines Limited has a fifty-two week low of $60.15 and a fifty-two week high of $118.74. The firm has a market cap of $59.22 billion, a P/E ratio of 31.14, a P/E/G ratio of 0.66 and a beta of 0.87. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued 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 return on equity of 10.45% and a net margin of 22.88%. On average, sell-side analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on AEM. Scotiabank boosted their price target on Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. UBS Group boosted their target price on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday. Stifel Canada raised shares of Agnico Eagle Mines to a “strong-buy” rating in a report on Wednesday, March 19th. StockNews.com lowered shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. Finally, Raymond James upped 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 report on Friday, April 4th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Agnico Eagle Mines has a consensus rating of “Buy” and an average price target of $111.90.

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.