O Shaughnessy Asset Management LLC Acquires 5,466 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

O Shaughnessy Asset Management LLC grew its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 114,253 shares of the mining company’s stock after acquiring an additional 5,466 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Agnico Eagle Mines were worth $8,929,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Cerity Partners LLC grew its position in Agnico Eagle Mines by 34.2% in the 3rd quarter. Cerity Partners LLC now owns 31,503 shares of the mining company’s stock worth $2,538,000 after purchasing an additional 8,023 shares during the last quarter. D.A. Davidson & CO. lifted its stake in shares of Agnico Eagle Mines by 7.3% in the third quarter. D.A. Davidson & CO. now owns 12,236 shares of the mining company’s stock valued at $986,000 after buying an additional 831 shares during the period. Fiduciary Trust Co acquired a new stake in Agnico Eagle Mines during the third quarter worth about $219,000. Captrust Financial Advisors increased its stake in Agnico Eagle Mines by 7.0% during the third quarter. Captrust Financial Advisors now owns 5,316 shares of the mining company’s stock valued at $428,000 after acquiring an additional 349 shares during the period. Finally, Verition Fund Management LLC acquired a new position in Agnico Eagle Mines in the 3rd quarter valued at approximately $333,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AEM. Royal Bank of Canada lifted their price objective on Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Citigroup boosted their price target on shares of Agnico Eagle Mines from $100.00 to $140.00 and gave the company a “buy” rating in a report on Monday. Stifel Canada upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Wednesday, March 19th. UBS Group lowered shares of Agnico Eagle Mines from a “buy” rating to a “neutral” rating and lifted their target price for the company from $100.00 to $110.00 in a research report on Monday. Finally, Scotiabank increased their price target on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Agnico Eagle Mines currently has an average rating of “Buy” and an average target price of $104.11.

Agnico Eagle Mines Stock Up 1.0 %

Shares of AEM opened at $108.43 on Tuesday. The company has a market capitalization of $54.54 billion, a P/E ratio of 28.68, a PEG ratio of 0.66 and a beta of 1.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. Agnico Eagle Mines Limited has a one year low of $60.15 and a one year high of $110.36. The business’s 50 day simple moving average is $98.43 and its 200-day simple moving average is $88.10.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data on Thursday, February 13th. The mining company reported $1.26 earnings per share (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, sell-side analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date was Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio 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.