Beck Bode LLC Purchases 18,421 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Beck Bode LLC increased its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 9.8% during the 4th quarter, HoldingsChannel reports. The fund owned 206,159 shares of the mining company’s stock after purchasing an additional 18,421 shares during the quarter. Agnico Eagle Mines accounts for about 2.9% of Beck Bode LLC’s investment portfolio, making the stock its 11th largest holding. Beck Bode LLC’s holdings in Agnico Eagle Mines were worth $16,124,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AEM. Benjamin Edwards Inc. grew its stake in shares of Agnico Eagle Mines by 2.0% during the fourth quarter. Benjamin Edwards Inc. now owns 5,472 shares of the mining company’s stock worth $428,000 after purchasing an additional 106 shares during the period. BLI Banque de Luxembourg Investments acquired a new position in shares of Agnico Eagle Mines during the 4th quarter worth about $23,462,000. Alteri Wealth LLC bought a new stake in shares of Agnico Eagle Mines in the 4th quarter valued at about $291,000. Aptus Capital Advisors LLC acquired a new stake in shares of Agnico Eagle Mines in the 4th quarter valued at approximately $277,000. Finally, AXA S.A. boosted its stake in Agnico Eagle Mines by 31.9% during the 4th quarter. AXA S.A. now owns 441,061 shares of the mining company’s stock worth $34,495,000 after acquiring an additional 106,714 shares during the last quarter. Institutional investors own 68.34% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on AEM. Cfra Research upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a report on Friday, April 25th. BMO Capital Markets initiated coverage on Agnico Eagle Mines in a research note on Wednesday, April 16th. They set an “outperform” rating and a $181.00 price objective on the stock. Raymond James boosted their target price on Agnico Eagle Mines from $105.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, April 4th. Royal Bank of Canada raised their price target on Agnico Eagle Mines from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, April 4th. Finally, Stifel Canada upgraded Agnico Eagle Mines to a “strong-buy” rating in a research report on Wednesday, March 19th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $124.40.

Agnico Eagle Mines Stock Performance

Shares of AEM stock opened at $111.09 on Friday. Agnico Eagle Mines Limited has a 12 month low of $63.01 and a 12 month high of $126.76. The company’s fifty day simple moving average is $107.88 and its 200-day simple moving average is $93.78. The firm has a market cap of $55.91 billion, a PE ratio of 29.39, a P/E/G ratio of 0.66 and a beta of 0.54. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Thursday, April 24th. The mining company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.14. The company had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.27 billion. Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. The company’s quarterly revenue was up 34.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 EPS. Equities research analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.60 dividend on an annualized basis and a yield of 1.44%. Agnico Eagle Mines’s dividend payout ratio is 34.04%.

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.