Agnico Eagle Mines Limited (NYSE:AEM) Shares Purchased by Alberta Investment Management Corp

Alberta Investment Management Corp boosted its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 0.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,097,601 shares of the mining company’s stock after buying an additional 4,200 shares during the quarter. Agnico Eagle Mines makes up 1.1% of Alberta Investment Management Corp’s holdings, making the stock its 8th largest holding. Alberta Investment Management Corp’s holdings in Agnico Eagle Mines were worth $164,022,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of AEM. FMR LLC increased its holdings in Agnico Eagle Mines by 43.5% in the 3rd quarter. FMR LLC now owns 15,061,244 shares of the mining company’s stock valued at $1,213,311,000 after buying an additional 4,562,005 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Agnico Eagle Mines by 16.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,892,898 shares of the mining company’s stock worth $474,660,000 after purchasing an additional 817,240 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Agnico Eagle Mines by 3.6% in the 4th quarter. Van ECK Associates Corp now owns 22,322,859 shares of the mining company’s stock worth $1,745,858,000 after purchasing an additional 778,919 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Agnico Eagle Mines by 262.5% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,060,402 shares of the mining company’s stock worth $85,413,000 after purchasing an additional 767,912 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Agnico Eagle Mines by 17.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,051,140 shares of the mining company’s stock worth $326,571,000 after purchasing an additional 591,178 shares during the last quarter. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Performance

Agnico Eagle Mines stock opened at $97.20 on Wednesday. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines Limited has a 1 year low of $47.73 and a 1 year high of $101.45. The company has a market cap of $48.82 billion, a PE ratio of 48.60, a PEG ratio of 0.66 and a beta of 1.10. The company’s 50-day moving average is $86.99 and its two-hundred day moving average is $83.56.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released 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 12.86% and a return on equity of 8.88%. Equities analysts anticipate that Agnico Eagle Mines Limited will post 4.14 earnings per share for the current year.

Agnico Eagle Mines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.65%. Agnico Eagle Mines’s dividend payout ratio is 80.00%.

Wall Street Analyst Weigh In

AEM has been the topic of several analyst reports. StockNews.com raised shares of Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a report on Monday. Royal Bank of Canada upped their target price on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Jefferies Financial Group upped their target price on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a report on Tuesday, January 7th. Finally, Scotiabank upped their target price on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Agnico Eagle Mines currently has a consensus rating of “Buy” and an average price target of $92.75.

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.