Janney Montgomery Scott LLC raised its stake in Agnico Eagle Mines Ltd (NYSE:AEM) (TSE:AEM) by 80.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 9,345 shares of the mining company’s stock after acquiring an additional 4,178 shares during the period. Janney Montgomery Scott LLC’s holdings in Agnico Eagle Mines were worth $501,000 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. Carroll Financial Associates Inc. lifted its position in Agnico Eagle Mines by 64.0% during the 2nd quarter. Carroll Financial Associates Inc. now owns 546 shares of the mining company’s stock worth $27,000 after acquiring an additional 213 shares during the period. Scout Investments Inc. acquired a new stake in Agnico Eagle Mines during the 2nd quarter worth approximately $13,352,000. Addenda Capital Inc. lifted its position in Agnico Eagle Mines by 75.9% during the 2nd quarter. Addenda Capital Inc. now owns 530,050 shares of the mining company’s stock worth $27,233,000 after acquiring an additional 228,690 shares during the period. Exane Derivatives acquired a new stake in Agnico Eagle Mines during the 2nd quarter worth approximately $419,000. Finally, Beacon Financial Group acquired a new stake in Agnico Eagle Mines during the 2nd quarter worth approximately $1,530,000. 61.05% of the stock is currently owned by institutional investors.

AEM opened at $58.97 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.42 and a quick ratio of 0.70. The business has a 50 day simple moving average of $56.18 and a 200-day simple moving average of $52.42. The stock has a market capitalization of $13.86 billion, a P/E ratio of 77.11, a P/E/G ratio of 60.49 and a beta of -0.54. Agnico Eagle Mines Ltd has a 12 month low of $33.46 and a 12 month high of $64.88.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings results on Wednesday, October 23rd. The mining company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.27 by $0.10. The business had revenue of $683.00 million during the quarter, compared to analysts’ expectations of $683.18 million. Agnico Eagle Mines had a positive return on equity of 3.80% and a negative net margin of 11.06%. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period last year, the firm earned $0.01 EPS. Research analysts anticipate that Agnico Eagle Mines Ltd will post 0.96 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Wednesday, November 27th will be issued a $0.175 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.70 annualized dividend and a dividend yield of 1.19%.

A number of analysts have weighed in on AEM shares. Barclays set a $53.00 price objective on Agnico Eagle Mines and gave the stock a “hold” rating in a research report on Tuesday, October 15th. ValuEngine cut Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. National Bank Financial increased their price objective on Agnico Eagle Mines from $100.00 to $102.00 and gave the stock an “outperform” rating in a research report on Sunday, October 27th. CIBC reaffirmed a “buy” rating on shares of Agnico Eagle Mines in a research report on Wednesday, September 18th. Finally, Raymond James reaffirmed an “outperform” rating and set a $74.00 price objective on shares of Agnico Eagle Mines in a research report on Friday, October 25th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $65.40.

Agnico Eagle Mines Profile

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.

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

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