Schroder Investment Management Group Grows Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Schroder Investment Management Group lifted its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 52.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 351,274 shares of the mining company’s stock after purchasing an additional 121,502 shares during the period. Schroder Investment Management Group owned about 0.07% of Agnico Eagle Mines worth $27,347,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of AEM. Jones Financial Companies Lllp increased its stake in Agnico Eagle Mines by 78.3% during the 4th quarter. Jones Financial Companies Lllp now owns 3,259 shares of the mining company’s stock worth $255,000 after buying an additional 1,431 shares in the last quarter. Caldwell Investment Management Ltd. lifted its stake in shares of Agnico Eagle Mines by 12.0% in the fourth quarter. Caldwell Investment Management Ltd. now owns 87,700 shares of the mining company’s stock worth $6,812,000 after buying an additional 9,400 shares in the last quarter. Forsta AP Fonden lifted its stake in shares of Agnico Eagle Mines by 8.9% in the fourth quarter. Forsta AP Fonden now owns 195,100 shares of the mining company’s stock worth $15,256,000 after buying an additional 16,000 shares in the last quarter. Geode Capital Management LLC boosted its position in Agnico Eagle Mines by 8.6% during the third quarter. Geode Capital Management LLC now owns 2,256,714 shares of the mining company’s stock worth $183,491,000 after acquiring an additional 178,999 shares during the last quarter. Finally, Resonant Capital Advisors LLC purchased a new stake in Agnico Eagle Mines during the 4th quarter valued at about $208,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Down 0.7 %

Shares of AEM opened at $107.52 on Thursday. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The firm has a market cap of $54.08 billion, a P/E ratio of 28.44, a price-to-earnings-growth ratio of 0.66 and a beta of 0.87. The company’s 50-day moving average price is $99.18 and its 200 day moving average price is $88.41. Agnico Eagle Mines Limited has a 12-month low of $60.15 and a 12-month 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 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 22.88% and a return on equity of 10.45%. On average, sell-side analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.60 annualized dividend and a dividend yield of 1.49%. Agnico Eagle Mines’s dividend payout ratio is currently 42.33%.

Analyst Ratings Changes

AEM has been the topic of a number of research reports. Scotiabank raised 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 research note on Tuesday, January 21st. 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. TD Securities dropped their target price on Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Citigroup raised their target price on Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday. Finally, National Bank Financial raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Friday, March 21st. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $104.11.

About Agnico Eagle Mines

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.