Everstar Asset Management LLC Has $460,000 Position in Agnico Eagle Mines Limited (NYSE:AEM)

Everstar Asset Management LLC lifted its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 6.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,888 shares of the mining company’s stock after buying an additional 357 shares during the period. Everstar Asset Management LLC’s holdings in Agnico Eagle Mines were worth $460,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. O Shaughnessy Asset Management LLC raised its holdings in Agnico Eagle Mines by 5.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 114,253 shares of the mining company’s stock worth $8,929,000 after acquiring an additional 5,466 shares in the last quarter. Delos Wealth Advisors LLC raised its stake in shares of Agnico Eagle Mines by 5.3% during the 4th quarter. Delos Wealth Advisors LLC now owns 42,741 shares of the mining company’s stock worth $3,343,000 after purchasing an additional 2,148 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of Agnico Eagle Mines by 6.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,919 shares of the mining company’s stock valued at $243,000 after buying an additional 174 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of Agnico Eagle Mines by 52.9% in the fourth quarter. Schroder Investment Management Group now owns 351,274 shares of the mining company’s stock valued at $27,347,000 after buying an additional 121,502 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Agnico Eagle Mines by 81.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,051,473 shares of the mining company’s stock valued at $551,339,000 after buying an additional 3,155,927 shares in the last quarter. Institutional investors own 68.34% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on AEM. Raymond James set a $105.00 price target on shares of Agnico Eagle Mines and gave the company an “outperform” rating in a research note on Tuesday, February 4th. TD Securities cut their target price on shares of 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. Jefferies Financial Group boosted their price target on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research report on Tuesday, January 7th. Stifel Canada raised Agnico Eagle Mines to a “strong-buy” rating in a research report on Wednesday, March 19th. Finally, StockNews.com lowered Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $95.78.

Agnico Eagle Mines Stock Performance

Shares of NYSE AEM opened at $107.34 on Monday. 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 firm has a market cap of $53.99 billion, a price-to-earnings ratio of 28.40, a P/E/G ratio of 0.66 and a beta of 1.00. The stock’s fifty day moving average price is $97.96 and its two-hundred day moving average price is $87.91. Agnico Eagle Mines Limited has a one year low of $60.15 and a one year high of $110.36.

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

Agnico Eagle Mines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 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.