Jefferies Group LLC trimmed its position in shares of Agnico Eagle Mines Ltd (NYSE:AEM) (TSE:AEM) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 66,459 shares of the mining company’s stock after selling 2,721 shares during the quarter. Jefferies Group LLC’s holdings in Agnico Eagle Mines were worth $3,072,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pinebridge Investments L.P. purchased a new stake in Agnico Eagle Mines during the third quarter worth $170,000. US Bancorp DE boosted its position in Agnico Eagle Mines by 35.2% during the fourth quarter. US Bancorp DE now owns 5,837 shares of the mining company’s stock worth $270,000 after purchasing an additional 1,521 shares in the last quarter. High Pointe Capital Management LLC raised its holdings in shares of Agnico Eagle Mines by 29.0% in the fourth quarter. High Pointe Capital Management LLC now owns 6,270 shares of the mining company’s stock worth $290,000 after acquiring an additional 1,410 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Agnico Eagle Mines in the third quarter worth $375,000. Finally, Virtu Financial LLC raised its holdings in shares of Agnico Eagle Mines by 24.0% in the third quarter. Virtu Financial LLC now owns 8,857 shares of the mining company’s stock worth $400,000 after acquiring an additional 1,717 shares during the last quarter. Institutional investors own 57.33% of the company’s stock.
AEM has been the subject of a number of analyst reports. Zacks Investment Research raised Agnico Eagle Mines from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a report on Tuesday, January 2nd. Credit Suisse Group reissued a “buy” rating and issued a $62.00 price target on shares of Agnico Eagle Mines in a report on Friday, January 26th. Canaccord Genuity reissued a “buy” rating and issued a $77.00 price target on shares of Agnico Eagle Mines in a report on Thursday, December 28th. Desjardins reissued a “buy” rating on shares of Agnico Eagle Mines in a report on Monday, December 11th. Finally, Scotiabank set a $57.00 price target on Agnico Eagle Mines and gave the stock a “buy” rating in a report on Saturday, February 17th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Agnico Eagle Mines presently has a consensus rating of “Buy” and a consensus price target of $56.40.
Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Wednesday, February 14th. The mining company reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.02. The firm had revenue of $565.25 million during the quarter, compared to analyst estimates of $552.10 million. Agnico Eagle Mines had a return on equity of 5.21% and a net margin of 10.88%. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.04 earnings per share. equities analysts predict that Agnico Eagle Mines Ltd will post 0.65 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 22nd will be paid a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.44 annualized dividend and a yield of 1.13%. Agnico Eagle Mines’s payout ratio is currently 42.31%.
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Agnico Eagle Mines Profile
Agnico Eagle Mines Ltd is a Canada-based gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut, as well as exploration activities in Canada, Europe, Latin America and the United States. It operates through the business units: Northern Business, which consists of its operations in Canada and Finland, such as the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine, the Meliadine project and the Malartic Mine in Canada, as well as the Kittila mine in Finland; Southern Business, which consists of its operations in Mexico, such as the Pinos Altos mine that includes the Creston Mascota deposit and the La India mine owned by its indirect subsidiary, as well as Exploration Group, which focuses on the identification of new mineral reserves and mineral resources, and new development opportunities in gold producing regions.
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