Delta Investment Management LLC Purchases 14,183 Shares of Agnico Eagle Mines Limited $AEM

Delta Investment Management LLC boosted its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 864.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,824 shares of the mining company’s stock after acquiring an additional 14,183 shares during the quarter. Delta Investment Management LLC’s holdings in Agnico Eagle Mines were worth $2,683,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of AEM. Vanguard Group Inc. increased its stake in shares of Agnico Eagle Mines by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 20,979,666 shares of the mining company’s stock worth $3,557,772,000 after purchasing an additional 309,717 shares during the period. Capital World Investors boosted its stake in Agnico Eagle Mines by 20.0% during the 3rd quarter. Capital World Investors now owns 20,765,804 shares of the mining company’s stock valued at $3,497,470,000 after purchasing an additional 3,462,968 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Agnico Eagle Mines by 5.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,712,397 shares of the mining company’s stock valued at $1,974,242,000 after buying an additional 602,489 shares during the last quarter. TD Asset Management Inc grew its holdings in Agnico Eagle Mines by 1.5% in the 3rd quarter. TD Asset Management Inc now owns 9,500,193 shares of the mining company’s stock valued at $1,600,436,000 after buying an additional 143,645 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Agnico Eagle Mines by 3.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 8,589,745 shares of the mining company’s stock worth $1,447,494,000 after buying an additional 292,949 shares during the period. Institutional investors own 68.34% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on AEM shares. Zacks Research lowered Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Wall Street Zen lowered shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 11th. UBS Group cut their target price on shares of Agnico Eagle Mines from $240.00 to $210.00 and set a “neutral” rating for the company in a research note on Friday, March 27th. Scotiabank reissued an “outperform” rating and issued a $280.00 price target on shares of Agnico Eagle Mines in a report on Tuesday, February 17th. Finally, Erste Group Bank lowered shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Agnico Eagle Mines has an average rating of “Moderate Buy” and a consensus price target of $239.36.

Agnico Eagle Mines Price Performance

Shares of AEM stock traded up $2.91 during trading hours on Thursday, hitting $186.47. The company had a trading volume of 281,059 shares, compared to its average volume of 2,706,127. Agnico Eagle Mines Limited has a 12 month low of $103.38 and a 12 month high of $255.24. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 2.02. The firm’s fifty day moving average is $212.49 and its 200 day moving average is $191.78. The firm has a market capitalization of $93.34 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 9.91 and a beta of 0.71.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results on Thursday, February 12th. The mining company reported $2.69 EPS for the quarter, beating the consensus estimate 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 previous year, the firm earned $1.26 EPS. Agnico Eagle Mines’s quarterly revenue was up 60.3% on a year-over-year basis. On average, sell-side analysts predict that Agnico Eagle Mines Limited will post 12.98 EPS for the current fiscal year.

Agnico Eagle Mines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, March 2nd. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. Agnico Eagle Mines’s dividend payout ratio (DPR) is 20.27%.

About Agnico Eagle Mines

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.