Teachers Retirement System of The State of Kentucky Buys Shares of 66,574 Agnico Eagle Mines Limited (NYSE:AEM)

Teachers Retirement System of The State of Kentucky bought a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEMGet Rating) (TSE:AEM) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 66,574 shares of the mining company’s stock, valued at approximately $4,077,000.

Several other institutional investors also recently bought and sold shares of the stock. Gradient Investments LLC raised its holdings in Agnico Eagle Mines by 1,372.0% during the first quarter. Gradient Investments LLC now owns 736 shares of the mining company’s stock valued at $45,000 after buying an additional 686 shares in the last quarter. Ninety One UK Ltd raised its holdings in Agnico Eagle Mines by 128.1% during the first quarter. Ninety One UK Ltd now owns 2,291,362 shares of the mining company’s stock valued at $140,338,000 after buying an additional 1,286,911 shares in the last quarter. Chelsea Counsel Co. raised its holdings in Agnico Eagle Mines by 4.6% during the first quarter. Chelsea Counsel Co. now owns 23,286 shares of the mining company’s stock valued at $1,426,000 after buying an additional 1,019 shares in the last quarter. M Holdings Securities Inc. bought a new position in Agnico Eagle Mines during the first quarter valued at about $766,000. Finally, Advisory Services Network LLC bought a new position in Agnico Eagle Mines during the first quarter valued at about $961,000. 57.62% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Stock Up 1.5 %

AEM stock opened at $41.68 on Monday. Agnico Eagle Mines Limited has a twelve month low of $38.02 and a twelve month high of $67.14. The company has a market cap of $19.02 billion, a PE ratio of 23.68, a price-to-earnings-growth ratio of 18.50 and a beta of 0.82. The business’s 50-day simple moving average is $43.06 and its 200 day simple moving average is $51.58. The company has a quick ratio of 1.48, a current ratio of 2.58 and a debt-to-equity ratio of 0.08.

Agnico Eagle Mines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date was Wednesday, August 31st. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 90.91%.

Wall Street Analysts Forecast Growth

AEM has been the topic of several research analyst reports. Barclays lowered their price target on Agnico Eagle Mines from $70.00 to $62.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 19th. Stifel Nicolaus lowered their price target on Agnico Eagle Mines from C$100.00 to C$89.00 in a research report on Wednesday, July 20th. The Goldman Sachs Group initiated coverage on Agnico Eagle Mines in a research report on Monday, September 12th. They issued a “buy” rating and a $55.00 price target on the stock. TheStreet downgraded Agnico Eagle Mines from a “b-” rating to a “c” rating in a research report on Tuesday, July 12th. Finally, National Bank Financial lowered their price target on Agnico Eagle Mines from C$98.00 to C$75.00 in a research report on Thursday, July 21st. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $72.22.

Agnico Eagle Mines Company Profile

(Get Rating)

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. It operates through Northern Business and Southern Business segments. The company primarily produces and sells gold deposits, as well as explores for silver, zinc, and copper deposits.

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

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