Foster Dykema Cabot & Co. Inc. MA continued to hold its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the second quarter, Holdings Channel reports. The fund owned 5,509 shares of the mining company’s stock at the end of the second quarter. Foster Dykema Cabot & Co. Inc. MA’s holdings in Agnico Eagle Mines Limited were worth $249,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in AEM. Greystone Managed Investments Inc. acquired a new position in shares of Agnico Eagle Mines Limited during the first quarter worth about $32,481,000. Scout Investments Inc. acquired a new position in shares of Agnico Eagle Mines Limited during the first quarter worth about $26,604,000. Van ECK Associates Corp increased its position in shares of Agnico Eagle Mines Limited by 4.4% in the first quarter. Van ECK Associates Corp now owns 17,122,389 shares of the mining company’s stock worth $726,674,000 after buying an additional 717,045 shares during the last quarter. Cidel Asset Management Inc. increased its position in shares of Agnico Eagle Mines Limited by 37.6% in the first quarter. Cidel Asset Management Inc. now owns 1,370,294 shares of the mining company’s stock worth $65,409,000 after buying an additional 374,562 shares during the last quarter. Finally, Hexavest Inc. increased its position in shares of Agnico Eagle Mines Limited by 5,539.4% in the first quarter. Hexavest Inc. now owns 329,343 shares of the mining company’s stock worth $13,976,000 after buying an additional 323,503 shares during the last quarter. 60.65% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Agnico Eagle Mines Limited (NYSE AEM) opened at 46.15 on Friday. The stock has a market cap of $10.67 billion, a PE ratio of 42.42 and a beta of -0.67. The firm has a 50-day moving average price of $45.47 and a 200-day moving average price of $45.90. Agnico Eagle Mines Limited has a 12 month low of $35.05 and a 12 month high of $59.18.

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data on Wednesday, July 26th. The mining company reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.10. The business had revenue of $549.88 million during the quarter, compared to analysts’ expectations of $529.43 million. Agnico Eagle Mines Limited had a return on equity of 5.38% and a net margin of 11.32%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 EPS. Equities analysts forecast that Agnico Eagle Mines Limited will post $0.78 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.87%. Agnico Eagle Mines Limited’s dividend payout ratio (DPR) is presently 36.70%.

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A number of research firms have weighed in on AEM. TD Securities reissued a “hold” rating and issued a $48.00 target price on shares of Agnico Eagle Mines Limited in a report on Friday, April 28th. Zacks Investment Research downgraded Agnico Eagle Mines Limited from a “buy” rating to a “hold” rating in a report on Tuesday, May 16th. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $61.00 target price on shares of Agnico Eagle Mines Limited in a report on Thursday, June 15th. Credit Suisse Group set a $63.00 target price on Agnico Eagle Mines Limited and gave the company a “buy” rating in a report on Tuesday, July 18th. Finally, Scotiabank reissued an “outperform” rating and issued a $56.50 target price on shares of Agnico Eagle Mines Limited in a report on Friday, April 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. Agnico Eagle Mines Limited currently has an average rating of “Buy” and a consensus target price of $54.81.

Agnico Eagle Mines Limited Company Profile

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.

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

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