Agnico Eagle Mines Limited (AEM) Stake Boosted by Fiera Capital Corp

Fiera Capital Corp increased its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 23.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 901,185 shares of the mining company’s stock after purchasing an additional 170,684 shares during the period. Fiera Capital Corp owned approximately 0.39% of Agnico Eagle Mines Limited worth $40,568,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AEM. Sei Investments Co. boosted its holdings in Agnico Eagle Mines Limited by 75.7% in the second quarter. Sei Investments Co. now owns 2,260 shares of the mining company’s stock worth $102,000 after acquiring an additional 974 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Agnico Eagle Mines Limited by 9.8% in the first quarter. IFP Advisors Inc now owns 2,639 shares of the mining company’s stock valued at $112,000 after purchasing an additional 235 shares in the last quarter. WFG Advisors LP lifted its holdings in shares of Agnico Eagle Mines Limited by 76.6% in the first quarter. WFG Advisors LP now owns 3,580 shares of the mining company’s stock valued at $152,000 after purchasing an additional 1,553 shares in the last quarter. Fruth Investment Management bought a new position in shares of Agnico Eagle Mines Limited in the second quarter valued at approximately $212,000. Finally, Wetherby Asset Management Inc. lifted its holdings in shares of Agnico Eagle Mines Limited by 3.5% in the second quarter. Wetherby Asset Management Inc. now owns 5,110 shares of the mining company’s stock valued at $230,000 after purchasing an additional 175 shares in the last quarter. 59.02% of the stock is owned by institutional investors and hedge funds.

AEM has been the topic of a number of recent research reports. TD Securities raised their target price on Agnico Eagle Mines Limited from $48.00 to $52.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. Royal Bank Of Canada reiterated a “hold” rating and set a $54.00 price target on shares of Agnico Eagle Mines Limited in a report on Tuesday, July 18th. Credit Suisse Group set a $63.00 price target on Agnico Eagle Mines Limited and gave the stock a “buy” rating in a report on Tuesday, July 18th. Zacks Investment Research raised Agnico Eagle Mines Limited from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Thursday, July 27th. Finally, ValuEngine raised Agnico Eagle Mines Limited from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. Agnico Eagle Mines Limited has a consensus rating of “Hold” and a consensus target price of $55.06.

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Shares of Agnico Eagle Mines Limited (NYSE:AEM) traded up 0.59% during midday trading on Wednesday, reaching $47.73. The company’s stock had a trading volume of 117,955 shares. The company’s 50-day moving average price is $47.84 and its 200-day moving average price is $46.25. The company has a market cap of $11.04 billion, a PE ratio of 43.87 and a beta of -0.71. Agnico Eagle Mines Limited has a 12 month low of $35.05 and a 12 month high of $57.35.

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) last released its quarterly earnings results on Wednesday, July 26th. The mining company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.10. Agnico Eagle Mines Limited had a net margin of 11.32% and a return on equity of 5.38%. The firm had revenue of $549.88 million during the quarter, compared to the consensus estimate of $529.43 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities analysts anticipate that Agnico Eagle Mines Limited will post $0.81 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.84%. Agnico Eagle Mines Limited’s dividend payout ratio (DPR) is presently 36.70%.

Agnico Eagle Mines Limited Company Profile

Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.

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

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