Groupama Asset Managment Has $256.66 Million Stock Position in Agnico Eagle Mines Limited $AEM

Groupama Asset Managment grew its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,522,678 shares of the mining company’s stock after acquiring an additional 39,458 shares during the period. Agnico Eagle Mines comprises 0.9% of Groupama Asset Managment’s holdings, making the stock its 17th largest holding. Groupama Asset Managment’s holdings in Agnico Eagle Mines were worth $256,663,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. True Wealth Design LLC increased its holdings in Agnico Eagle Mines by 381.3% in the third quarter. True Wealth Design LLC now owns 154 shares of the mining company’s stock valued at $26,000 after purchasing an additional 122 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new position in Agnico Eagle Mines during the 2nd quarter worth about $29,000. Blue Bell Private Wealth Management LLC grew its position in shares of Agnico Eagle Mines by 59.7% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 198 shares of the mining company’s stock valued at $33,000 after buying an additional 74 shares during the last quarter. MCF Advisors LLC acquired a new stake in shares of Agnico Eagle Mines in the third quarter valued at about $34,000. Finally, Caitlin John LLC acquired a new stake in shares of Agnico Eagle Mines in the third quarter valued at about $36,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on AEM. Scotiabank reaffirmed an “outperform” rating and issued a $280.00 price objective on shares of Agnico Eagle Mines in a research note on Tuesday, February 17th. Raymond James Financial reissued an “outperform” rating and set a $225.00 target price on shares of Agnico Eagle Mines in a research report on Wednesday, January 14th. Jefferies Financial Group set a $189.00 price target on shares of Agnico Eagle Mines in a research report on Sunday, December 7th. Weiss Ratings lowered shares of Agnico Eagle Mines from a “buy (a-)” rating to a “buy (b)” rating in a research note on Monday, January 12th. Finally, UBS Group reiterated a “neutral” rating and set a $240.00 price objective on shares of Agnico Eagle Mines in a research report on Friday, January 30th. Three research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Agnico Eagle Mines currently has an average rating of “Buy” and an average target price of $234.91.

Agnico Eagle Mines Trading Down 6.5%

NYSE AEM opened at $195.79 on Thursday. The stock has a market capitalization of $98.10 billion, a P/E ratio of 22.05 and a beta of 0.61. The business has a 50 day simple moving average of $214.03 and a 200 day simple moving average of $182.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.02 and a quick ratio of 1.33. Agnico Eagle Mines Limited has a one year low of $94.77 and a one year high of $255.24.

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

Agnico Eagle Mines Increases Dividend

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

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.