ExodusPoint Capital Management LP lifted its stake in Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM) by 392.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 376,585 shares of the mining company’s stock after acquiring an additional 300,127 shares during the quarter. ExodusPoint Capital Management LP owned 0.08% of Agnico Eagle Mines worth $18,822,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in AEM. Islay Capital Management LLC grew its stake in shares of Agnico Eagle Mines by 413.0% in the second quarter. Islay Capital Management LLC now owns 513 shares of the mining company’s stock worth $26,000 after acquiring an additional 413 shares during the period. Coppell Advisory Solutions Corp. bought a new stake in Agnico Eagle Mines during the fourth quarter valued at approximately $26,000. Ameritas Advisory Services LLC bought a new stake in Agnico Eagle Mines during the first quarter valued at approximately $30,000. WealthPlan Investment Management LLC bought a new stake in Agnico Eagle Mines during the second quarter valued at approximately $31,000. Finally, Almanack Investment Partners LLC. bought a new stake in Agnico Eagle Mines during the third quarter valued at approximately $37,000. 59.37% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several brokerages recently issued reports on AEM. TD Securities boosted their target price on shares of Agnico Eagle Mines from $69.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. StockNews.com began coverage on shares of Agnico Eagle Mines in a research report on Thursday, October 5th. They set a “hold” rating for the company. CSFB boosted their target price on shares of Agnico Eagle Mines from $60.00 to $61.00 and gave the company an “outperform” rating in a research report on Thursday, August 17th. BMO Capital Markets upped their price target on shares of Agnico Eagle Mines from $64.00 to $67.00 in a research report on Thursday, July 27th. Finally, Barclays upped their price target on shares of Agnico Eagle Mines from $61.00 to $62.00 and gave the stock an “overweight” rating in a research report on Thursday, July 27th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $71.00.
Agnico Eagle Mines Price Performance
AEM stock opened at $49.20 on Tuesday. Agnico Eagle Mines Limited has a one year low of $43.22 and a one year high of $61.15. The company’s fifty day moving average price is $47.69 and its 200-day moving average price is $49.64. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.71 and a current ratio of 1.99. The company has a market capitalization of $24.43 billion, a PE ratio of 9.12, a price-to-earnings-growth ratio of 22.50 and a beta of 0.88.
Agnico Eagle Mines (NYSE:AEM – Get Free Report) (TSE:AEM) last released its earnings results on Thursday, October 26th. The mining company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. Agnico Eagle Mines had a net margin of 40.40% and a return on equity of 5.26%. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the firm earned $0.52 earnings per share. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. On average, equities analysts anticipate that Agnico Eagle Mines Limited will post 2.13 EPS for the current fiscal year.
Agnico Eagle Mines Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Thursday, November 30th. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 30.02%.
About Agnico Eagle Mines
Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. 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.
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