Agnico Eagle Mines Limited $AEM Shares Bought by Groupama Asset Managment

Groupama Asset Managment grew its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 23.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,278,820 shares of the mining company’s stock after purchasing an additional 244,039 shares during the period. Agnico Eagle Mines makes up 1.1% of Groupama Asset Managment’s portfolio, making the stock its 20th biggest holding. Groupama Asset Managment owned 0.25% of Agnico Eagle Mines worth $137,294,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Brighton Jones LLC increased its holdings in shares of Agnico Eagle Mines by 11.5% in the fourth quarter. Brighton Jones LLC now owns 3,216 shares of the mining company’s stock valued at $252,000 after buying an additional 331 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new stake in shares of Agnico Eagle Mines during the fourth quarter valued at $783,000. Mariner LLC raised its holdings in Agnico Eagle Mines by 15.9% during the 4th quarter. Mariner LLC now owns 45,024 shares of the mining company’s stock worth $3,521,000 after buying an additional 6,171 shares during the period. Marshall Wace LLP purchased a new stake in Agnico Eagle Mines during the fourth quarter valued at about $422,000. Finally, Epoch Investment Partners Inc. increased its position in shares of Agnico Eagle Mines by 16.7% in the fourth quarter. Epoch Investment Partners Inc. now owns 33,929 shares of the mining company’s stock worth $2,654,000 after acquiring an additional 4,844 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. CIBC reiterated an “outperform” rating on shares of Agnico Eagle Mines in a research report on Tuesday, July 15th. Cfra Research raised Agnico Eagle Mines to a “strong-buy” rating in a research note on Friday, April 25th. Royal Bank Of Canada raised their price objective on Agnico Eagle Mines from $115.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 4th. National Bankshares reiterated an “outperform” rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. Finally, TD Securities upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a report on Thursday, July 17th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and five have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Agnico Eagle Mines has an average rating of “Buy” and a consensus target price of $136.90.

Agnico Eagle Mines Stock Up 0.1%

AEM stock opened at $133.53 on Tuesday. The company has a current ratio of 2.03, a quick ratio of 1.16 and a debt-to-equity ratio of 0.03. Agnico Eagle Mines Limited has a 1 year low of $75.17 and a 1 year high of $137.81. The company has a fifty day simple moving average of $124.28 and a 200 day simple moving average of $113.76. The firm has a market cap of $67.14 billion, a PE ratio of 22.71, a PEG ratio of 0.92 and a beta of 0.44.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its earnings results on Wednesday, July 30th. The mining company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.11. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.46 billion. Agnico Eagle Mines had a return on equity of 13.79% and a net margin of 30.63%. The business’s revenue was up 35.6% compared to the same quarter last year. During the same period last year, the company earned $1.07 earnings per share. Sell-side analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The business also recently announced a dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a yield of 136.0%. Agnico Eagle Mines’s dividend payout ratio is presently 27.21%.

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.