Geode Capital Management LLC Has $239.84 Million Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Geode Capital Management LLC increased its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 33.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,006,646 shares of the mining company’s stock after acquiring an additional 749,932 shares during the period. Geode Capital Management LLC owned about 0.60% of Agnico Eagle Mines worth $239,844,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Duncker Streett & Co. Inc. raised its stake in shares of Agnico Eagle Mines by 37.3% in the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock valued at $32,000 after purchasing an additional 112 shares during the period. Pinnacle Wealth Management Group Inc. raised its position in Agnico Eagle Mines by 0.5% in the 4th quarter. Pinnacle Wealth Management Group Inc. now owns 24,407 shares of the mining company’s stock valued at $1,909,000 after buying an additional 125 shares during the last quarter. Diversify Wealth Management LLC lifted its stake in Agnico Eagle Mines by 2.1% in the 4th quarter. Diversify Wealth Management LLC now owns 6,753 shares of the mining company’s stock valued at $569,000 after acquiring an additional 141 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Agnico Eagle Mines by 34.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the mining company’s stock worth $51,000 after acquiring an additional 165 shares during the last quarter. Finally, Scheer Rowlett & Associates Investment Management Ltd. grew its stake in shares of Agnico Eagle Mines by 3.6% during the 4th quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 4,976 shares of the mining company’s stock worth $389,000 after acquiring an additional 171 shares in the last quarter. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Price Performance

NYSE:AEM opened at $99.45 on Friday. The firm’s fifty day moving average price is $99.77 and its two-hundred day moving average price is $88.71. 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 company has a market cap of $50.02 billion, a P/E ratio of 26.31, a P/E/G ratio of 0.66 and a beta of 0.87. Agnico Eagle Mines Limited has a one year low of $60.15 and a one year high of $111.04.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced 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 net margin of 22.88% and a return on equity of 10.45%. Equities analysts expect 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. Investors of record on Friday, February 28th were issued 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 yield of 1.61%. Agnico Eagle Mines’s payout ratio is currently 42.33%.

Analyst Upgrades and Downgrades

AEM has been the subject of a number of analyst reports. Scotiabank raised their target price on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 21st. StockNews.com cut Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. Raymond James upped their target price on Agnico Eagle Mines from $105.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday. National Bank Financial raised Agnico Eagle Mines to a “strong-buy” rating in a research report on Friday, March 21st. Finally, Citigroup upped their price objective on Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, March 31st. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Agnico Eagle Mines presently has a consensus rating of “Buy” and a consensus price target of $108.00.

Agnico Eagle Mines Company 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.