Agnico Eagle Mines Limited (NYSE:AEM) Shares Bought by Huntington National Bank

Huntington National Bank raised its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 23.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,756 shares of the mining company’s stock after purchasing an additional 332 shares during the period. Huntington National Bank’s holdings in Agnico Eagle Mines were worth $137,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Jones Financial Companies Lllp raised its stake in Agnico Eagle Mines by 78.3% during the fourth quarter. Jones Financial Companies Lllp now owns 3,259 shares of the mining company’s stock valued at $255,000 after buying an additional 1,431 shares in the last quarter. Caldwell Investment Management Ltd. increased its holdings in shares of Agnico Eagle Mines by 12.0% in the 4th quarter. Caldwell Investment Management Ltd. now owns 87,700 shares of the mining company’s stock valued at $6,812,000 after acquiring an additional 9,400 shares during the last quarter. Forsta AP Fonden lifted its stake in Agnico Eagle Mines by 8.9% during the fourth quarter. Forsta AP Fonden now owns 195,100 shares of the mining company’s stock worth $15,256,000 after purchasing an additional 16,000 shares during the last quarter. Geode Capital Management LLC lifted its stake in Agnico Eagle Mines by 8.6% during the third quarter. Geode Capital Management LLC now owns 2,256,714 shares of the mining company’s stock worth $183,491,000 after purchasing an additional 178,999 shares during the last quarter. Finally, Resonant Capital Advisors LLC bought a new stake in Agnico Eagle Mines during the fourth quarter valued at $208,000. Institutional investors own 68.34% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on AEM. Royal Bank of Canada raised their price target 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. TD Securities decreased their target price on Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Citigroup increased their price target on Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, March 31st. UBS Group lowered Agnico Eagle Mines from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $100.00 to $110.00 in a research report on Monday, March 31st. Finally, Raymond James increased their target price on Agnico Eagle Mines from $105.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $108.00.

Agnico Eagle Mines Trading Down 8.3 %

Shares of AEM stock opened at $99.45 on Friday. Agnico Eagle Mines Limited has a 1 year low of $60.15 and a 1 year high of $111.04. The firm has a market capitalization of $50.02 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 0.66 and a beta of 0.87. The stock has a fifty day moving average of $99.77 and a two-hundred day moving average of $88.71. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its earnings results on Thursday, February 13th. The mining company reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. As a group, research analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.61%. Agnico Eagle Mines’s dividend payout ratio is presently 42.33%.

Agnico Eagle Mines 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.