Agnico Eagle Mines Limited (NYSE:AEM) Shares Bought by Mufg Securities Canada LTD.

Mufg Securities Canada LTD. boosted its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 72.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 765,833 shares of the mining company’s stock after purchasing an additional 321,354 shares during the period. Agnico Eagle Mines comprises 2.2% of Mufg Securities Canada LTD.’s portfolio, making the stock its 16th largest position. Mufg Securities Canada LTD.’s holdings in Agnico Eagle Mines were worth $59,876,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of AEM. Versant Capital Management Inc acquired a new stake in Agnico Eagle Mines in the fourth quarter valued at $26,000. Smartleaf Asset Management LLC lifted its position in shares of Agnico Eagle Mines by 859.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock worth $28,000 after purchasing an additional 318 shares during the last quarter. Decker Retirement Planning Inc. acquired a new position in Agnico Eagle Mines in the fourth quarter worth about $29,000. Fifth Third Bancorp raised its stake in Agnico Eagle Mines by 176.9% during the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock valued at $32,000 after buying an additional 260 shares in the last quarter. Finally, Duncker Streett & Co. Inc. lifted its holdings in Agnico Eagle Mines by 37.3% during the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock worth $32,000 after buying an additional 112 shares during the last quarter. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Agnico Eagle Mines Price Performance

Shares of AEM opened at $105.45 on Wednesday. The firm has a market capitalization of $53.04 billion, a price-to-earnings ratio of 27.90, a price-to-earnings-growth ratio of 0.66 and a beta of 1.00. The stock’s fifty day moving average is $96.63 and its 200-day moving average is $87.32. Agnico Eagle Mines Limited has a one year low of $56.05 and a one year high of $107.88. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings results on Thursday, February 13th. The mining company reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. Equities analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend was Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 42.33%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AEM. StockNews.com lowered Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. Jefferies Financial Group lifted their price target on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a report on Tuesday, January 7th. Royal Bank of Canada increased their price objective on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. TD Securities decreased their target price on Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Finally, Raymond James set a $105.00 price target on Agnico Eagle Mines and gave the stock an “outperform” rating in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $95.78.

About Agnico Eagle Mines

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.