Agnico Eagle Mines Limited $AEM Shares Sold by Mufg Securities Canada LTD.

Mufg Securities Canada LTD. trimmed its position in shares of Agnico Eagle Mines Limited (NYSE:AEMFree Report) (TSE:AEM) by 2.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 832,029 shares of the mining company’s stock after selling 21,145 shares during the period. Agnico Eagle Mines accounts for approximately 3.9% of Mufg Securities Canada LTD.’s holdings, making the stock its 8th biggest position. Mufg Securities Canada LTD.’s holdings in Agnico Eagle Mines were worth $140,119,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of AEM. Vanguard Group Inc. boosted its holdings in shares of Agnico Eagle Mines by 1.2% in the third quarter. Vanguard Group Inc. now owns 20,669,949 shares of the mining company’s stock valued at $3,481,382,000 after acquiring an additional 252,043 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Agnico Eagle Mines by 5.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,712,397 shares of the mining company’s stock worth $1,974,242,000 after purchasing an additional 602,489 shares in the last quarter. TD Asset Management Inc raised its holdings in shares of Agnico Eagle Mines by 1.5% during the third quarter. TD Asset Management Inc now owns 9,500,193 shares of the mining company’s stock valued at $1,600,436,000 after acquiring an additional 143,645 shares during the period. Mackenzie Financial Corp raised its stake in Agnico Eagle Mines by 1.9% during the 2nd quarter. Mackenzie Financial Corp now owns 8,778,276 shares of the mining company’s stock valued at $1,046,468,000 after purchasing an additional 160,650 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in Agnico Eagle Mines by 38.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 8,296,796 shares of the mining company’s stock valued at $987,398,000 after buying an additional 2,319,131 shares during the period. Institutional investors own 68.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. UBS Group reiterated a “neutral” rating and issued a $240.00 price objective on shares of Agnico Eagle Mines in a research note on Friday, January 30th. TD Securities set a $251.00 price objective on Agnico Eagle Mines and gave the company a “buy” rating in a research note on Tuesday, February 17th. Jefferies Financial Group set a $189.00 target price on shares of Agnico Eagle Mines in a research report on Sunday, December 7th. JPMorgan Chase & Co. reduced their price objective on Agnico Eagle Mines from $248.00 to $235.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. Finally, Wall Street Zen cut shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Agnico Eagle Mines has a consensus rating of “Moderate Buy” and an average target price of $234.91.

Check Out Our Latest Report on Agnico Eagle Mines

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock opened at $251.48 on Friday. Agnico Eagle Mines Limited has a 52 week low of $92.11 and a 52 week high of $252.78. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 2.02. The business’s fifty day moving average is $202.46 and its two-hundred day moving average is $174.90. The firm has a market cap of $126.00 billion, a P/E ratio of 28.32, a P/E/G ratio of 0.57 and a beta of 0.63.

Agnico Eagle Mines (NYSE:AEMGet Free Report) (TSE:AEM) last posted its quarterly earnings data on Thursday, February 12th. The mining company reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.13. The firm had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.40 billion. Agnico Eagle Mines had a net margin of 37.47% and a return on equity of 18.09%. Agnico Eagle Mines’s revenue was up 60.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.26 EPS. Equities research analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, March 2nd. Agnico Eagle Mines’s payout ratio is presently 18.02%.

Key Agnico Eagle Mines News

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Agnico Eagle Mines Company Profile

(Free Report)

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.

See Also

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Institutional Ownership by Quarter for Agnico Eagle Mines (NYSE:AEM)

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