Legal & General Group Plc boosted its stake in shares of Agnico Eagle Mines Ltd. (NYSE:AEM) by 1.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,100,052 shares of the mining company’s stock after buying an additional 17,982 shares during the period. Legal & General Group Plc owned approximately 0.50% of Agnico Eagle Mines worth $39,965,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Cheviot Value Management LLC increased its position in Agnico Eagle Mines by 41.5% in the fourth quarter. Cheviot Value Management LLC now owns 88,278 shares of the mining company’s stock valued at $2,320,000 after buying an additional 25,908 shares during the last quarter. State of Wisconsin Investment Board increased its position in Agnico Eagle Mines by 69.3% in the fourth quarter. State of Wisconsin Investment Board now owns 188,821 shares of the mining company’s stock valued at $4,944,000 after buying an additional 77,300 shares during the last quarter. Gulf International Bank UK Ltd increased its position in Agnico Eagle Mines by 7.2% in the fourth quarter. Gulf International Bank UK Ltd now owns 67,228 shares of the mining company’s stock valued at $1,768,000 after buying an additional 4,500 shares during the last quarter. Bridgewater Associates LP increased its position in Agnico Eagle Mines by 22.8% in the fourth quarter. Bridgewater Associates LP now owns 323,801 shares of the mining company’s stock valued at $8,509,000 after buying an additional 60,210 shares during the last quarter. Finally, Airain ltd purchased a new position in Agnico Eagle Mines during the fourth quarter valued at approximately $3,419,000.
Shares of Agnico Eagle Mines Ltd. (NYSE:AEM) traded up 3.44% on Thursday, hitting $56.54. The stock had a trading volume of 2,481,230 shares. The stock has a market cap of $12.47 billion and a PE ratio of 518.72. Agnico Eagle Mines Ltd. has a 12 month low of $21.00 and a 12 month high of $57.14. The company has a 50 day moving average price of $53.03 and a 200-day moving average price of $41.72.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Tuesday, August 30th. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.08.
Several research firms have issued reports on AEM. CIBC increased their target price on Agnico Eagle Mines from $37.50 to $44.50 in a research report on Friday, April 8th. Vetr upgraded Agnico Eagle Mines from a “hold” rating to a “buy” rating and set a $44.84 target price on the stock in a research report on Thursday, April 21st. Sterne Agee CRT restated a “buy” rating on shares of Agnico Eagle Mines in a research report on Monday, May 16th. Royal Bank Of Canada increased their target price on Agnico Eagle Mines from $34.00 to $42.00 in a research report on Tuesday, April 12th. Finally, HSBC restated a “buy” rating on shares of Agnico Eagle Mines in a research report on Thursday, July 7th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Agnico Eagle Mines currently has a consensus rating of “Buy” and a consensus price target of $45.25.
Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.
