Agnico Eagle Mines Limited (AEM) Position Raised by Rathbone Brothers plc

Rathbone Brothers plc increased its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,620 shares of the mining company’s stock after purchasing an additional 1,700 shares during the quarter. Rathbone Brothers plc’s holdings in Agnico Eagle Mines Limited were worth $3,001,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Van ECK Associates Corp lifted its holdings in shares of Agnico Eagle Mines Limited by 4.4% during the first quarter. Van ECK Associates Corp now owns 17,122,389 shares of the mining company’s stock valued at $726,674,000 after acquiring an additional 717,045 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Agnico Eagle Mines Limited by 4.4% during the first quarter. Vanguard Group Inc. now owns 5,092,431 shares of the mining company’s stock valued at $216,122,000 after acquiring an additional 215,145 shares during the period. TD Asset Management Inc. lifted its holdings in shares of Agnico Eagle Mines Limited by 3.1% during the second quarter. TD Asset Management Inc. now owns 2,861,685 shares of the mining company’s stock valued at $128,860,000 after acquiring an additional 86,145 shares during the period. APG Asset Management N.V. lifted its holdings in shares of Agnico Eagle Mines Limited by 0.5% during the second quarter. APG Asset Management N.V. now owns 2,544,012 shares of the mining company’s stock valued at $148,774,000 after acquiring an additional 11,959 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Agnico Eagle Mines Limited by 0.7% during the second quarter. JPMorgan Chase & Co. now owns 1,579,932 shares of the mining company’s stock valued at $71,287,000 after acquiring an additional 10,412 shares during the period. 59.02% of the stock is owned by institutional investors.

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A number of brokerages have issued reports on AEM. TD Securities lifted their price objective on Agnico Eagle Mines Limited from $48.00 to $52.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. National Bank Financial reissued an “outperform market weight” rating on shares of Agnico Eagle Mines Limited in a report on Friday, September 8th. BMO Capital Markets set a $47.00 price objective on Agnico Eagle Mines Limited and gave the company a “hold” rating in a report on Tuesday, August 22nd. Zacks Investment Research cut Agnico Eagle Mines Limited from a “strong-buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, ValuEngine upgraded Agnico Eagle Mines Limited from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $55.06.

Shares of Agnico Eagle Mines Limited (NYSE:AEM) opened at 46.74 on Friday. The firm has a market capitalization of $10.81 billion, a price-to-earnings ratio of 42.96 and a beta of -0.71. Agnico Eagle Mines Limited has a 12 month low of $35.05 and a 12 month high of $57.35. The company has a 50-day moving average price of $47.84 and a 200-day moving average price of $46.25.

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) last posted its earnings results on Wednesday, July 26th. The mining company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.16 by $0.10. The firm had revenue of $549.88 million during the quarter, compared to the consensus estimate of $529.43 million. Agnico Eagle Mines Limited had a return on equity of 5.38% and a net margin of 11.32%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the company earned $0.16 earnings per share. Equities analysts forecast that Agnico Eagle Mines Limited will post $0.81 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a $0.10 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.40 annualized dividend and a yield of 0.86%. Agnico Eagle Mines Limited’s dividend payout ratio is presently 36.70%.

About Agnico Eagle Mines Limited

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.

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

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