Knoll Capital Management LLC Has $8.89 Million Stake in Agnico Eagle Mines Limited $AEM

Knoll Capital Management LLC decreased its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 5.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 52,750 shares of the mining company’s stock after selling 2,750 shares during the period. Agnico Eagle Mines accounts for about 4.8% of Knoll Capital Management LLC’s investment portfolio, making the stock its 8th biggest position. Knoll Capital Management LLC’s holdings in Agnico Eagle Mines were worth $8,892,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. TD Waterhouse Canada Inc. grew its position in shares of Agnico Eagle Mines by 13.4% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,133,384 shares of the mining company’s stock worth $192,951,000 after buying an additional 134,147 shares in the last quarter. Ninety One UK Ltd increased its stake in shares of Agnico Eagle Mines by 386.5% during the third quarter. Ninety One UK Ltd now owns 188,189 shares of the mining company’s stock valued at $31,703,000 after buying an additional 149,506 shares during the period. Campbell & CO Investment Adviser LLC raised its holdings in shares of Agnico Eagle Mines by 1,560.8% in the third quarter. Campbell & CO Investment Adviser LLC now owns 48,677 shares of the mining company’s stock valued at $8,205,000 after acquiring an additional 45,746 shares in the last quarter. AustralianSuper Pty Ltd bought a new stake in shares of Agnico Eagle Mines in the third quarter valued at about $23,958,000. Finally, TD Asset Management Inc lifted its stake in Agnico Eagle Mines by 1.5% in the third quarter. TD Asset Management Inc now owns 9,500,193 shares of the mining company’s stock worth $1,600,436,000 after acquiring an additional 143,645 shares during the period. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Price Performance

Shares of AEM stock opened at $209.95 on Tuesday. The stock’s 50-day moving average is $213.19 and its 200 day moving average is $182.08. Agnico Eagle Mines Limited has a 1-year low of $94.77 and a 1-year high of $255.24. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.02 and a quick ratio of 1.33. The company has a market cap of $105.19 billion, a P/E ratio of 23.64 and a beta of 0.61.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its earnings results on Thursday, February 12th. The mining company reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.13. The business had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.40 billion. Agnico Eagle Mines had a net margin of 37.47% and a return on equity of 18.09%. The firm’s revenue was up 60.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.26 earnings per share. Research analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.40. Agnico Eagle Mines’s payout ratio is presently 20.27%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Citigroup increased their target price on shares of Agnico Eagle Mines from $198.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Scotiabank restated an “outperform” rating and issued a $280.00 price target on shares of Agnico Eagle Mines in a report on Tuesday, February 17th. Wall Street Zen cut shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. Royal Bank Of Canada downgraded shares of Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from $185.00 to $205.00 in a research note on Wednesday, December 10th. Finally, Erste Group Bank raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a report on Thursday, March 5th. Four investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Agnico Eagle Mines currently has an average rating of “Buy” and a consensus price target of $234.91.

Agnico Eagle Mines Profile

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.