Agnico Eagle Mines Limited $AEM Stake Lessened by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lessened its holdings in Agnico Eagle Mines Limited (NYSE:AEMFree Report) (TSE:AEM) by 11.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,100 shares of the mining company’s stock after selling 10,500 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Agnico Eagle Mines were worth $13,771,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of AEM. Clarius Group LLC boosted its position in Agnico Eagle Mines by 30.2% during the 4th quarter. Clarius Group LLC now owns 2,274 shares of the mining company’s stock worth $386,000 after acquiring an additional 528 shares during the period. Baron Wealth Management LLC increased its holdings in shares of Agnico Eagle Mines by 3.2% in the 4th quarter. Baron Wealth Management LLC now owns 1,879 shares of the mining company’s stock valued at $319,000 after purchasing an additional 59 shares during the period. Worth Asset Management LLC acquired a new position in shares of Agnico Eagle Mines in the 4th quarter valued at about $300,000. Fairvoy Private Wealth LLC lifted its position in shares of Agnico Eagle Mines by 2.1% in the fourth quarter. Fairvoy Private Wealth LLC now owns 8,757 shares of the mining company’s stock worth $1,485,000 after purchasing an additional 184 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Agnico Eagle Mines during the fourth quarter worth approximately $185,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

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Agnico Eagle Mines Price Performance

Shares of NYSE:AEM opened at $202.84 on Wednesday. The stock has a market capitalization of $101.63 billion, a P/E ratio of 22.84 and a beta of 0.61. The business has a 50-day moving average of $212.56 and a two-hundred day moving average of $185.26. Agnico Eagle Mines Limited has a fifty-two week low of $94.77 and a fifty-two week high of $255.24. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.02 and a quick ratio of 1.33.

Agnico Eagle Mines (NYSE:AEMGet Free Report) (TSE:AEM) last issued its quarterly earnings data on Thursday, February 12th. The mining company reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.13. Agnico Eagle Mines had a return on equity of 18.09% and a net margin of 37.47%.The business had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same quarter in the prior year, the firm posted $1.26 EPS. The firm’s revenue for the quarter was up 60.3% on a year-over-year basis. On average, equities research analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 20.27%.

Wall Street Analysts Forecast Growth

AEM has been the topic of a number of research analyst reports. Erste Group Bank downgraded shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Jefferies Financial Group set a $189.00 target price on shares of Agnico Eagle Mines in a research report on Sunday, December 7th. JPMorgan Chase & Co. decreased their target price on shares of Agnico Eagle Mines from $248.00 to $235.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. UBS Group lowered their price target on shares of Agnico Eagle Mines from $240.00 to $210.00 and set a “neutral” rating on the stock in a report on Friday, March 27th. Finally, Canadian Imperial Bank of Commerce set a $296.00 price target on shares of Agnico Eagle Mines and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Agnico Eagle Mines currently has an average rating of “Moderate Buy” and an average target price of $232.18.

Read Our Latest Report on AEM

About Agnico Eagle Mines

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Agnico Eagle Mines (NYSE:AEM)

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