Renaissance Technologies LLC raised its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 45.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 104,400 shares of the mining company’s stock after buying an additional 32,664 shares during the period. Renaissance Technologies LLC’s holdings in Agnico Eagle Mines Limited were worth $4,431,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AEM. First Manhattan Co. boosted its position in shares of Agnico Eagle Mines Limited by 56.3% in the first quarter. First Manhattan Co. now owns 23,805 shares of the mining company’s stock worth $1,289,000 after buying an additional 8,576 shares in the last quarter. Engineers Gate Manager LP boosted its position in shares of Agnico Eagle Mines Limited by 12.1% in the first quarter. Engineers Gate Manager LP now owns 27,800 shares of the mining company’s stock worth $1,180,000 after buying an additional 3,011 shares in the last quarter. Violich Capital Management Inc. boosted its position in shares of Agnico Eagle Mines Limited by 4.3% in the first quarter. Violich Capital Management Inc. now owns 22,525 shares of the mining company’s stock worth $956,000 after buying an additional 925 shares in the last quarter. Tobam boosted its position in shares of Agnico Eagle Mines Limited by 5.0% in the first quarter. Tobam now owns 737,442 shares of the mining company’s stock worth $31,198,000 after buying an additional 35,200 shares in the last quarter. Finally, Cidel Asset Management Inc. boosted 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 in the last quarter. Hedge funds and other institutional investors own 60.69% of the company’s stock.

Agnico Eagle Mines Limited (NYSE:AEM) traded down 1.80% on Friday, reaching $44.80. 1,490,405 shares of the company traded hands. Agnico Eagle Mines Limited has a 52-week low of $35.05 and a 52-week high of $60.10. The stock has a 50-day moving average of $45.79 and a 200 day moving average of $45.94. The company has a market capitalization of $10.36 billion, a PE ratio of 41.18 and a beta of -0.67.

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings results on Wednesday, July 26th. The mining company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.10. The business had revenue of $549.88 million for the quarter, compared to analyst estimates of $529.43 million. Agnico Eagle Mines Limited had a net margin of 11.32% and a return on equity of 5.38%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the business posted $0.16 EPS. On average, equities analysts forecast that Agnico Eagle Mines Limited will post $0.77 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.89%. Agnico Eagle Mines Limited’s dividend payout ratio is 36.70%.

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AEM has been the subject of a number of research analyst reports. Credit Suisse Group set a $63.00 target price on shares of Agnico Eagle Mines Limited and gave the company a “buy” rating in a research note on Tuesday, July 18th. Royal Bank Of Canada set a $54.00 target price on shares of Agnico Eagle Mines Limited and gave the company a “hold” rating in a research note on Monday, June 12th. Zacks Investment Research upgraded shares of Agnico Eagle Mines Limited from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 25th. Scotiabank reiterated an “outperform” rating and issued a $56.50 target price on shares of Agnico Eagle Mines Limited in a research note on Friday, April 28th. Finally, ValuEngine upgraded shares of Agnico Eagle Mines Limited from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. One research 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’s stock. Agnico Eagle Mines Limited has an average rating of “Buy” and an average price target of $54.81.

About Agnico Eagle Mines Limited

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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