Credit Agricole S A increased its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 35.5% during the fourth quarter, Holdings Channel reports. The firm owned 740,594 shares of the mining company’s stock after buying an additional 194,112 shares during the period. Credit Agricole S A owned about 0.33% of Agnico Eagle Mines Limited worth $31,104,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Aristotle Capital Management LLC increased its position in shares of Agnico Eagle Mines Limited by 14.2% in the second quarter. Aristotle Capital Management LLC now owns 61,761 shares of the mining company’s stock worth $3,304,000 after buying an additional 7,701 shares during the period. Compagnie Lombard Odier SCmA bought a new position in shares of Agnico Eagle Mines Limited during the second quarter worth $7,123,000. 1832 Asset Management L.P. increased its position in shares of Agnico Eagle Mines Limited by 4.1% in the second quarter. 1832 Asset Management L.P. now owns 1,599,171 shares of the mining company’s stock worth $85,444,000 after buying an additional 62,454 shares during the period. Telemark Asset Management LLC increased its position in shares of Agnico Eagle Mines Limited by 50.0% in the second quarter. Telemark Asset Management LLC now owns 150,000 shares of the mining company’s stock worth $8,025,000 after buying an additional 50,000 shares during the period. Finally, Sprott Inc. increased its position in shares of Agnico Eagle Mines Limited by 19.0% in the second quarter. Sprott Inc. now owns 477,042 shares of the mining company’s stock worth $25,522,000 after buying an additional 76,140 shares during the period. 61.32% of the stock is currently owned by institutional investors.

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

Shares of Agnico Eagle Mines Limited (NYSE:AEM) traded down 4.69% during midday trading on Thursday, hitting $47.10. 4,447,405 shares of the stock were exchanged. The stock has a market cap of $10.58 billion, a P/E ratio of 132.30 and a beta of -0.51. Agnico Eagle Mines Limited has a 52-week low of $32.87 and a 52-week high of $60.10. The firm’s 50 day moving average price is $46.55 and its 200-day moving average price is $48.29.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st will be issued a $0.10 dividend. The ex-dividend date is Monday, February 27th. This represents a $0.40 annualized dividend and a yield of 0.85%. Agnico Eagle Mines Limited’s payout ratio is 88.89%.

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A number of equities analysts recently weighed in on the stock. TD Securities reissued a “hold” rating and issued a $61.00 price target on shares of Agnico Eagle Mines Limited in a report on Monday, October 31st. RBC Capital Markets reissued a “sector perform” rating on shares of Agnico Eagle Mines Limited in a report on Wednesday, October 26th. Credit Suisse Group reissued a “buy” rating on shares of Agnico Eagle Mines Limited in a report on Wednesday. BMO Capital Markets set a $46.00 price objective on shares of Agnico Eagle Mines Limited and gave the company a “hold” rating in a report on Thursday, February 2nd. Finally, Raymond James Financial, Inc. raised shares of Agnico Eagle Mines Limited from a “market perform” rating to an “outperform” rating in a report on Tuesday, October 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $56.49.

About Agnico Eagle Mines Limited

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.

5 Day Chart for NYSE:AEM

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