Aubrey Capital Management Ltd Makes New $908,000 Investment in Agnico Eagle Mines Limited $AEM

Aubrey Capital Management Ltd purchased a new position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,294 shares of the mining company’s stock, valued at approximately $908,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AEM. TD Waterhouse Canada Inc. boosted its stake in shares of Agnico Eagle Mines by 13.4% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,133,384 shares of the mining company’s stock valued at $192,951,000 after buying an additional 134,147 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Agnico Eagle Mines by 42.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 65,404 shares of the mining company’s stock valued at $11,088,000 after buying an additional 19,647 shares during the last quarter. Gunderson Capital Management Inc. boosted its stake in shares of Agnico Eagle Mines by 187.6% during the 4th quarter. Gunderson Capital Management Inc. now owns 48,104 shares of the mining company’s stock valued at $8,155,000 after buying an additional 31,378 shares during the last quarter. TD Asset Management Inc boosted its stake in shares of Agnico Eagle Mines by 1.5% during the 3rd quarter. TD Asset Management Inc now owns 9,500,193 shares of the mining company’s stock valued at $1,600,436,000 after buying an additional 143,645 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC boosted its stake in shares of Agnico Eagle Mines by 1,560.8% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 48,677 shares of the mining company’s stock valued at $8,205,000 after buying an additional 45,746 shares during the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Performance

Shares of AEM opened at $193.34 on Monday. The business’s fifty day moving average price is $208.63 and its 200 day moving average price is $192.16. Agnico Eagle Mines Limited has a 12-month low of $103.38 and a 12-month high of $255.24. The stock has a market capitalization of $96.77 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 4.23 and a beta of 0.58. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.15 and a quick ratio of 2.18.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Thursday, April 30th. The mining company reported $3.40 earnings per share for the quarter, topping the consensus estimate of $3.19 by $0.21. Agnico Eagle Mines had a return on equity of 21.09% and a net margin of 39.46%.The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same period last year, the company earned $1.53 earnings per share. The firm’s revenue for the quarter was up 66.1% on a year-over-year basis. Equities research analysts forecast that Agnico Eagle Mines Limited will post 13.09 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a $0.45 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.80 annualized dividend and a yield of 0.9%. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 16.92%.

Analyst Ratings Changes

AEM has been the subject of several research analyst reports. Citigroup increased their target price on Agnico Eagle Mines from $198.00 to $256.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Scotiabank restated an “outperform” rating and set a $280.00 price objective on shares of Agnico Eagle Mines in a research note on Tuesday, February 17th. Erste Group Bank cut Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research note on Tuesday, March 24th. TD Securities raised their price objective on Agnico Eagle Mines from $241.00 to $251.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. Finally, Raymond James Financial restated an “outperform” rating and set a $225.00 price objective on shares of Agnico Eagle Mines in a research note on Wednesday, January 14th. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $238.18.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.