Sienna Gestion Has $9.11 Million Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Sienna Gestion decreased its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 5.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 86,500 shares of the mining company’s stock after selling 5,300 shares during the quarter. Sienna Gestion’s holdings in Agnico Eagle Mines were worth $9,108,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital World Investors lifted its position in Agnico Eagle Mines by 41.9% in the fourth quarter. Capital World Investors now owns 13,952,061 shares of the mining company’s stock worth $1,091,550,000 after purchasing an additional 4,121,164 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Agnico Eagle Mines by 3.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 13,441,198 shares of the mining company’s stock worth $1,457,160,000 after acquiring an additional 499,362 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Agnico Eagle Mines by 0.7% in the fourth quarter. Deutsche Bank AG now owns 11,916,739 shares of the mining company’s stock valued at $932,008,000 after buying an additional 87,410 shares in the last quarter. TD Asset Management Inc increased its stake in shares of Agnico Eagle Mines by 42.8% in the first quarter. TD Asset Management Inc now owns 9,033,296 shares of the mining company’s stock valued at $978,553,000 after buying an additional 2,709,005 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Agnico Eagle Mines by 11.1% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,720,301 shares of the mining company’s stock valued at $728,214,000 after acquiring an additional 673,400 shares during the last quarter. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Down 1.3%

Shares of Agnico Eagle Mines stock opened at $133.68 on Thursday. Agnico Eagle Mines Limited has a 1 year low of $75.17 and a 1 year high of $137.81. The firm has a market cap of $67.22 billion, a PE ratio of 22.73, a PEG ratio of 0.93 and a beta of 0.44. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.03 and a quick ratio of 1.16. The company has a 50 day simple moving average of $123.46 and a two-hundred day simple moving average of $112.59.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its earnings results on Wednesday, July 30th. The mining company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.11. The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.46 billion. Agnico Eagle Mines had a net margin of 30.63% and a return on equity of 13.79%. The company’s quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.07 EPS. Analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $0.40 dividend. This represents a yield of 136.0%. The ex-dividend date of this dividend was Friday, May 30th. Agnico Eagle Mines’s dividend payout ratio is currently 27.21%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AEM shares. Cfra Research upgraded Agnico Eagle Mines to a “strong-buy” rating in a research report on Friday, April 25th. CIBC restated an “outperform” rating on shares of Agnico Eagle Mines in a research report on Tuesday, July 15th. Bank of America boosted their target price on Agnico Eagle Mines from $170.00 to $173.00 and gave the stock a “buy” rating in a research report on Monday, June 23rd. Lake Street Capital reiterated a “buy” rating on shares of Agnico Eagle Mines in a report on Monday, June 23rd. Finally, Royal Bank Of Canada lifted their price objective on Agnico Eagle Mines from $115.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and five have issued a strong buy rating to the stock. According to data from MarketBeat, Agnico Eagle Mines presently has a consensus rating of “Buy” and a consensus target price of $136.90.

About Agnico Eagle Mines

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.