Agnico Eagle Mines Limited $AEM is Eschler Asset Management LLP’s 10th Largest Position

Eschler Asset Management LLP decreased its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 50.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,000 shares of the mining company’s stock after selling 25,000 shares during the quarter. Agnico Eagle Mines makes up 3.1% of Eschler Asset Management LLP’s holdings, making the stock its 10th largest position. Eschler Asset Management LLP’s holdings in Agnico Eagle Mines were worth $4,214,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AEM. Brighton Jones LLC boosted its position in Agnico Eagle Mines by 11.5% in the 4th quarter. Brighton Jones LLC now owns 3,216 shares of the mining company’s stock worth $252,000 after purchasing an additional 331 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Agnico Eagle Mines by 36.4% during the 1st quarter. AQR Capital Management LLC now owns 19,829 shares of the mining company’s stock valued at $2,150,000 after purchasing an additional 5,293 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in shares of Agnico Eagle Mines by 57.2% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,188 shares of the mining company’s stock valued at $379,000 after purchasing an additional 1,160 shares during the period. Savant Capital LLC lifted its stake in shares of Agnico Eagle Mines by 27.4% in the 2nd quarter. Savant Capital LLC now owns 5,855 shares of the mining company’s stock valued at $696,000 after purchasing an additional 1,261 shares during the period. Finally, Prospera Financial Services Inc boosted its holdings in Agnico Eagle Mines by 5.3% during the second quarter. Prospera Financial Services Inc now owns 3,391 shares of the mining company’s stock worth $403,000 after buying an additional 170 shares in the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AEM. Wall Street Zen lowered shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. Jefferies Financial Group set a $189.00 target price on shares of Agnico Eagle Mines in a research note on Sunday, December 7th. Raymond James Financial restated an “outperform” rating and issued a $225.00 price target on shares of Agnico Eagle Mines in a research note on Wednesday, January 14th. JPMorgan Chase & Co. reduced their price target on Agnico Eagle Mines from $248.00 to $235.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Finally, Zacks Research upgraded Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. Four research 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 company. Based on data from MarketBeat, Agnico Eagle Mines has an average rating of “Buy” and a consensus price target of $234.91.

Agnico Eagle Mines News Summary

Here are the key news stories impacting Agnico Eagle Mines this week:

• Positive Sentiment: Agnico’s fundamentals and capital-return profile remain strong: the company has shown solid free cash flow, raised dividends and buybacks are possible if gold prices hold — a near-term tailwind for shareholder returns. Can Agnico Eagle Drive Even Higher Shareholder Returns Ahead?
• Positive Sentiment: Analysts and screens still list AEM as a long-term buy despite short-term metal pullbacks, reflecting expected secular demand for gold which supports miners’ cash flow and dividends. Gold & Silver Slip as Dollar Strengthens: 4 Stocks to Own
• Positive Sentiment: Sector peer strength: Franco‑Nevada’s strong Q4 results and revenue surge highlight robust royalty/stream exposure to current gold prices — a positive read-across for the gold complex and investor interest in gold equities. Franco-Nevada Q4 Earnings Beat Estimates, Revenues Surge 86% Y/Y
• Neutral Sentiment: Market note: AEM recently closed lower relative to the market (reported ~-1.8% on the last session), a data point showing short-term underperformance versus peers. Agnico Eagle Mines (AEM) Declines More Than Market: Some Information for Investors
• Negative Sentiment: Macro headwinds: a stronger U.S. dollar and rising real yields are pressuring gold and silver prices today, which typically drags down gold miners’ shares in the short term. Monitor dollar moves and real rates for further directional cues. Gold & Silver Slip as Dollar Strengthens: 4 Stocks to Own

Agnico Eagle Mines Stock Performance

AEM opened at $218.20 on Friday. The firm’s fifty day simple moving average is $211.75 and its two-hundred day simple moving average is $180.51. Agnico Eagle Mines Limited has a 52-week low of $94.77 and a 52-week high of $255.24. The company has a market cap of $109.32 billion, a price-to-earnings ratio of 24.57 and a beta of 0.61. The company has a quick ratio of 1.33, a current ratio of 2.02 and a debt-to-equity ratio of 0.01.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released 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. Agnico Eagle Mines had a net margin of 37.47% and a return on equity of 18.09%. The business had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter in the previous year, the company earned $1.26 earnings per share. The company’s quarterly revenue was up 60.3% on a year-over-year basis. Equities analysts anticipate 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 will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.45 per share. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.40. The ex-dividend date is Monday, March 2nd. This represents a $1.80 annualized dividend and a yield of 0.8%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 20.27%.

About Agnico Eagle Mines

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.