Agnico Eagle Mines Limited (NYSE:AEM) Shares Acquired by CoreCap Advisors LLC

CoreCap Advisors LLC increased its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 9.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,654 shares of the mining company’s stock after acquiring an additional 856 shares during the period. CoreCap Advisors LLC’s holdings in Agnico Eagle Mines were worth $755,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AEM. Smartleaf Asset Management LLC increased its holdings in Agnico Eagle Mines by 859.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock valued at $28,000 after buying an additional 318 shares during the last quarter. Decker Retirement Planning Inc. acquired a new stake in shares of Agnico Eagle Mines during the 4th quarter worth about $29,000. Fifth Third Bancorp lifted its stake in Agnico Eagle Mines by 176.9% during the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock worth $32,000 after purchasing an additional 260 shares during the last quarter. Duncker Streett & Co. Inc. boosted its holdings in Agnico Eagle Mines by 37.3% in the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock valued at $32,000 after purchasing an additional 112 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in Agnico Eagle Mines in the fourth quarter valued at approximately $34,000. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Agnico Eagle Mines Trading Up 2.1 %

Shares of AEM stock opened at $117.04 on Friday. Agnico Eagle Mines Limited has a 1-year low of $63.01 and a 1-year high of $126.76. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. The business’s fifty day moving average price is $109.90 and its 200 day moving average price is $94.79. The firm has a market capitalization of $58.90 billion, a PE ratio of 30.96, a P/E/G ratio of 0.66 and a beta of 0.54.

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

Agnico Eagle Mines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Monday, December 1st. Agnico Eagle Mines’s dividend payout ratio (DPR) is 34.04%.

Wall Street Analysts Forecast Growth

AEM has been the topic of several research analyst reports. Cfra Research upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Friday, April 25th. Citigroup boosted their target price on Agnico Eagle Mines from $100.00 to $140.00 and gave the company a “buy” rating in a report on Monday, March 31st. StockNews.com lowered Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. Raymond James increased their price objective on Agnico Eagle Mines from $105.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, April 4th. Finally, TD Securities cut their target price on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, Agnico Eagle Mines has a consensus rating of “Buy” and an average price target of $124.40.

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.