Agnico Eagle Mines Limited (NYSE:AEM) Shares Bought by KLCM Advisors Inc.

KLCM Advisors Inc. lifted its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 16.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,000 shares of the mining company’s stock after purchasing an additional 3,200 shares during the quarter. KLCM Advisors Inc.’s holdings in Agnico Eagle Mines were worth $1,062,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of AEM. TD Asset Management Inc. raised its holdings in shares of Agnico Eagle Mines by 13.7% in the third quarter. TD Asset Management Inc. now owns 3,254,897 shares of the mining company’s stock valued at $146,759,000 after acquiring an additional 393,212 shares in the last quarter. Swiss National Bank raised its holdings in shares of Agnico Eagle Mines by 1.9% in the fourth quarter. Swiss National Bank now owns 2,109,853 shares of the mining company’s stock valued at $97,497,000 after acquiring an additional 39,300 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Agnico Eagle Mines by 28.6% in the fourth quarter. Bank of New York Mellon Corp now owns 1,430,376 shares of the mining company’s stock valued at $66,055,000 after acquiring an additional 318,398 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Agnico Eagle Mines by 16.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,319,235 shares of the mining company’s stock valued at $60,922,000 after acquiring an additional 186,433 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Agnico Eagle Mines by 44.2% in the fourth quarter. Renaissance Technologies LLC now owns 1,165,896 shares of the mining company’s stock valued at $53,845,000 after acquiring an additional 357,436 shares in the last quarter. 57.05% of the stock is owned by hedge funds and other institutional investors.

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AEM has been the topic of several analyst reports. Desjardins reiterated a “buy” rating on shares of Agnico Eagle Mines in a research note on Monday, December 11th. Credit Suisse Group reiterated a “buy” rating and issued a $62.00 target price (up previously from $59.00) on shares of Agnico Eagle Mines in a research note on Friday, December 22nd. CSFB lifted their target price on Agnico Eagle Mines from $59.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, December 28th. Canaccord Genuity reiterated a “buy” rating and issued a $77.00 target price on shares of Agnico Eagle Mines in a research note on Thursday, December 28th. Finally, Zacks Investment Research upgraded Agnico Eagle Mines from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research note on Tuesday, January 2nd. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $55.90.

Shares of Agnico Eagle Mines stock traded up $0.51 on Friday, reaching $42.55. 1,429,864 shares of the stock were exchanged, compared to its average volume of 1,279,469. The company has a quick ratio of 2.88, a current ratio of 4.38 and a debt-to-equity ratio of 0.28. Agnico Eagle Mines Limited has a twelve month low of $37.35 and a twelve month high of $51.86. The company has a market capitalization of $9,805.19, a price-to-earnings ratio of 38.33, a price-to-earnings-growth ratio of 65.18 and a beta of -0.43.

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, topping the Zacks’ consensus estimate of $0.19 by $0.02. Agnico Eagle Mines had a return on equity of 5.19% and a net margin of 10.88%. The firm had revenue of $565.25 million during the quarter, compared to the consensus estimate of $552.10 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue was up 13.2% compared to the same quarter last year. research analysts anticipate that Agnico Eagle Mines Limited will post 0.65 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, February 22nd were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Wednesday, February 28th. Agnico Eagle Mines’s dividend payout ratio (DPR) is 39.64%.

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Agnico Eagle Mines Profile

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

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

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