Gotham Asset Management LLC Has $5.10 Million Stock Position in Agnico Eagle Mines Limited (NYSE:AEM)

Gotham Asset Management LLC boosted its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 322.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 65,143 shares of the mining company’s stock after purchasing an additional 49,736 shares during the period. Gotham Asset Management LLC’s holdings in Agnico Eagle Mines were worth $5,095,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Focus Partners Wealth lifted its stake in Agnico Eagle Mines by 802.2% in the 4th quarter. Focus Partners Wealth now owns 52,804 shares of the mining company’s stock valued at $4,130,000 after purchasing an additional 46,951 shares during the last quarter. Empyrean Capital Partners LP lifted its stake in Agnico Eagle Mines by 5.3% in the 4th quarter. Empyrean Capital Partners LP now owns 100,000 shares of the mining company’s stock valued at $7,821,000 after purchasing an additional 5,000 shares during the last quarter. Deutsche Bank AG lifted its position in Agnico Eagle Mines by 0.7% during the fourth quarter. Deutsche Bank AG now owns 11,916,739 shares of the mining company’s stock worth $932,008,000 after acquiring an additional 87,410 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Agnico Eagle Mines by 0.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 837,742 shares of the mining company’s stock worth $65,520,000 after acquiring an additional 2,463 shares during the last quarter. Finally, Drummond Knight Asset Management Pty Ltd acquired a new stake in Agnico Eagle Mines during the fourth quarter worth approximately $8,994,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AEM shares. Bank of America raised their price objective on shares of Agnico Eagle Mines from $119.00 to $142.00 and gave the stock a “buy” rating in a research report on Tuesday, April 8th. Royal Bank of Canada raised their price objective on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, April 4th. StockNews.com downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. Stifel Canada upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Wednesday, March 19th. Finally, TD Securities cut their price objective on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, Agnico Eagle Mines currently has a consensus rating of “Buy” and an average price target of $124.40.

Agnico Eagle Mines Stock Up 0.5%

Shares of AEM opened at $106.99 on Wednesday. Agnico Eagle Mines Limited has a 12 month low of $63.01 and a 12 month high of $126.76. The firm’s 50 day moving average is $110.21 and its 200-day moving average is $95.10. The stock has a market capitalization of $53.84 billion, a PE ratio of 28.30, a P/E/G ratio of 0.66 and a beta of 0.54. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Thursday, April 24th. The mining company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.14. Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. The business had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same period last year, the firm posted $0.76 earnings per share. The firm’s quarterly revenue was up 34.9% compared to the same quarter last year. Equities research analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a dividend of $0.40 per share. The ex-dividend date is Monday, December 1st. This represents a $1.60 annualized dividend and a yield of 1.50%. Agnico Eagle Mines’s dividend payout ratio is currently 34.04%.

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.