Natixis Advisors LLC Purchases 6,171 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Natixis Advisors LLC raised its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 7.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,792 shares of the mining company’s stock after purchasing an additional 6,171 shares during the quarter. Natixis Advisors LLC’s holdings in Agnico Eagle Mines were worth $7,257,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Sienna Gestion raised its position in shares of Agnico Eagle Mines by 1,569.1% during the fourth quarter. Sienna Gestion now owns 91,800 shares of the mining company’s stock worth $7,179,000 after acquiring an additional 86,300 shares during the last quarter. Intact Investment Management Inc. raised its position in shares of Agnico Eagle Mines by 15.1% during the fourth quarter. Intact Investment Management Inc. now owns 239,870 shares of the mining company’s stock worth $18,764,000 after acquiring an additional 31,530 shares during the last quarter. Alpine Woods Capital Investors LLC raised its position in shares of Agnico Eagle Mines by 2.6% during the fourth quarter. Alpine Woods Capital Investors LLC now owns 66,715 shares of the mining company’s stock worth $5,218,000 after acquiring an additional 1,699 shares during the last quarter. LBP AM SA raised its position in shares of Agnico Eagle Mines by 89.8% during the fourth quarter. LBP AM SA now owns 310,192 shares of the mining company’s stock worth $24,260,000 after acquiring an additional 146,789 shares during the last quarter. Finally, Madison Investment Advisors LLC bought a new position in shares of Agnico Eagle Mines during the fourth quarter worth about $915,000. 68.34% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Price Performance

Shares of NYSE AEM opened at $105.44 on Friday. The firm has a market capitalization of $53.04 billion, a P/E ratio of 27.90, a P/E/G ratio of 0.66 and a beta of 1.00. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. The stock’s 50-day simple moving average is $95.37 and its two-hundred day simple moving average is $86.66. Agnico Eagle Mines Limited has a twelve month low of $55.64 and a twelve month high of $107.88.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Thursday, February 13th. The mining company reported $1.26 EPS for the quarter, missing the consensus estimate 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, equities analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.40 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.60 annualized dividend and a dividend yield of 1.52%. Agnico Eagle Mines’s dividend payout ratio (DPR) is 42.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on AEM shares. StockNews.com downgraded Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. Raymond James set a $105.00 price objective on Agnico Eagle Mines and gave the stock an “outperform” rating in a research report on Tuesday, February 4th. Royal Bank of Canada lifted their target price on Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Stifel Canada upgraded Agnico Eagle Mines to a “strong-buy” rating in a report on Wednesday. Finally, Scotiabank lifted their target price on 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 investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $95.78.

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.