Capital International Inc. CA Acquires 21,317 Shares of Agnico Eagle Mines Limited $AEM

Capital International Inc. CA increased its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 112.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,193 shares of the mining company’s stock after acquiring an additional 21,317 shares during the period. Capital International Inc. CA’s holdings in Agnico Eagle Mines were worth $6,770,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in AEM. Pure Portfolios Holdings LLC raised its position in Agnico Eagle Mines by 1.6% during the third quarter. Pure Portfolios Holdings LLC now owns 3,781 shares of the mining company’s stock valued at $637,000 after purchasing an additional 60 shares during the period. HB Wealth Management LLC boosted its holdings in shares of Agnico Eagle Mines by 1.2% in the 3rd quarter. HB Wealth Management LLC now owns 5,640 shares of the mining company’s stock worth $951,000 after purchasing an additional 69 shares during the period. Union Bancaire Privee UBP SA increased its position in shares of Agnico Eagle Mines by 1.6% during the 3rd quarter. Union Bancaire Privee UBP SA now owns 4,446 shares of the mining company’s stock valued at $749,000 after purchasing an additional 72 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its position in shares of Agnico Eagle Mines by 59.7% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 198 shares of the mining company’s stock valued at $33,000 after purchasing an additional 74 shares during the last quarter. Finally, Evergreen Capital Management LLC raised its holdings in Agnico Eagle Mines by 0.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 8,232 shares of the mining company’s stock valued at $979,000 after buying an additional 77 shares during the period. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Price Performance

AEM opened at $227.05 on Wednesday. The company has a market capitalization of $113.76 billion, a price-to-earnings ratio of 25.57 and a beta of 0.61. The company has a current ratio of 2.02, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines Limited has a 12-month low of $94.77 and a 12-month high of $255.24. The business’s fifty day simple moving average is $209.71 and its 200-day simple moving average is $179.94.

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

Agnico Eagle Mines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be issued a $0.45 dividend. The ex-dividend date is Monday, March 2nd. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.40. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 20.27%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AEM. Canadian Imperial Bank of Commerce set a $296.00 price target on Agnico Eagle Mines and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. UBS Group reiterated a “neutral” rating and set a $240.00 price objective on shares of Agnico Eagle Mines in a research report on Friday, January 30th. Zacks Research raised shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. Scotiabank reaffirmed an “outperform” rating and set a $280.00 price target on shares of Agnico Eagle Mines in a research note on Tuesday, February 17th. Finally, Weiss Ratings cut shares of Agnico Eagle Mines from a “buy (a-)” rating to a “buy (b)” rating in a research note on Monday, January 12th. Four equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Agnico Eagle Mines currently has a consensus rating of “Buy” and a consensus price target of $234.91.

About Agnico Eagle Mines

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.