Guardian Capital Advisors LP purchased a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 4,660 shares of the mining company’s stock, valued at approximately $281,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AEM. Commerzbank Aktiengesellschaft FI increased its position in Agnico Eagle Mines Limited by 6.2% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 270,853 shares of the mining company’s stock worth $14,491,000 after buying an additional 15,727 shares in the last quarter. AGF Investments Inc. increased its position in Agnico Eagle Mines Limited by 131.2% in the second quarter. AGF Investments Inc. now owns 837,304 shares of the mining company’s stock worth $44,793,000 after buying an additional 475,128 shares in the last quarter. CIBC Asset Management Inc increased its position in Agnico Eagle Mines Limited by 9.9% in the second quarter. CIBC Asset Management Inc now owns 2,888,338 shares of the mining company’s stock worth $153,578,000 after buying an additional 259,326 shares in the last quarter. Neuberger Berman Group LLC increased its position in Agnico Eagle Mines Limited by 8.0% in the second quarter. Neuberger Berman Group LLC now owns 709,789 shares of the mining company’s stock worth $37,974,000 after buying an additional 52,867 shares in the last quarter. Finally, Commonwealth Bank of Australia increased its position in Agnico Eagle Mines Limited by 19.5% in the second quarter. Commonwealth Bank of Australia now owns 543,034 shares of the mining company’s stock worth $29,052,000 after buying an additional 88,617 shares in the last quarter. Hedge funds and other institutional investors own 61.32% of the company’s stock.

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

Agnico Eagle Mines Limited (NYSE:AEM) traded down 4.69% during trading on Thursday, reaching $47.10. The company’s stock had a trading volume of 4,447,405 shares. The company has a market cap of $10.58 billion, a price-to-earnings ratio of 132.30 and a beta of -0.51. Agnico Eagle Mines Limited has a 12 month low of $32.87 and a 12 month high of $60.10. The stock’s 50 day moving average is $46.74 and its 200 day moving average is $48.28.

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

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AEM has been the subject of a number of analyst reports. Raymond James Financial, Inc. upgraded Agnico Eagle Mines Limited from a “market perform” rating to an “outperform” rating in a research note on Tuesday, October 25th. RBC Capital Markets restated a “sector perform” rating on shares of Agnico Eagle Mines Limited in a research note on Wednesday, October 26th. TD Securities reaffirmed a “hold” rating and issued a $61.00 price objective on shares of Agnico Eagle Mines Limited in a research report on Monday, October 31st. Zacks Investment Research raised Agnico Eagle Mines Limited from a “sell” rating to a “hold” rating in a research report on Tuesday, November 22nd. Finally, Scotiabank reaffirmed an “outperform” rating and issued a $68.50 price objective on shares of Agnico Eagle Mines Limited in a research report on Thursday, November 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. Agnico Eagle Mines Limited currently has an average rating of “Hold” and a consensus price target 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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