Geode Capital Management LLC grew its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 130,729 shares of the mining company’s stock after purchasing an additional 2,233 shares during the period. Geode Capital Management LLC owned approximately 0.06% of Agnico Eagle Mines worth $5,989,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. High Pointe Capital Management LLC increased its holdings in shares of Agnico Eagle Mines by 29.0% during the fourth quarter. High Pointe Capital Management LLC now owns 6,270 shares of the mining company’s stock valued at $290,000 after purchasing an additional 1,410 shares during the period. US Bancorp DE increased its holdings in shares of Agnico Eagle Mines by 35.2% during the fourth quarter. US Bancorp DE now owns 5,837 shares of the mining company’s stock valued at $270,000 after purchasing an additional 1,521 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Agnico Eagle Mines by 8.0% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 20,573 shares of the mining company’s stock valued at $930,000 after purchasing an additional 1,530 shares during the period. Washington Capital Management Inc. increased its holdings in shares of Agnico Eagle Mines by 4.2% during the fourth quarter. Washington Capital Management Inc. now owns 42,820 shares of the mining company’s stock valued at $1,977,000 after purchasing an additional 1,745 shares during the period. Finally, Exane Derivatives increased its holdings in shares of Agnico Eagle Mines by 7.7% during the fourth quarter. Exane Derivatives now owns 25,653 shares of the mining company’s stock valued at $1,184,000 after purchasing an additional 1,840 shares during the period. 56.87% of the stock is currently owned by institutional investors.

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NYSE:AEM opened at $45.20 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 4.38 and a quick ratio of 2.88. Agnico Eagle Mines Limited has a 1-year low of $37.35 and a 1-year high of $51.86. The firm has a market capitalization of $10,462.91, a P/E ratio of 40.72, a P/E/G ratio of 68.84 and a beta of -0.43.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings results on Wednesday, February 14th. The mining company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.02. Agnico Eagle Mines had a return on equity of 5.19% and a net margin of 10.88%. The business had revenue of $565.25 million during the quarter, compared to analyst estimates of $552.10 million. During the same quarter last year, the company posted $0.04 EPS. Agnico Eagle Mines’s revenue for the quarter was up 13.2% on a year-over-year basis. research analysts expect that Agnico Eagle Mines Limited will post 0.65 EPS for the current fiscal year.

Several brokerages recently weighed in on AEM. Zacks Investment Research cut Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. Credit Suisse Group set a $62.00 target price on Agnico Eagle Mines and gave the company a “buy” rating in a research note on Thursday, December 28th. TD Securities raised their target price on Agnico Eagle Mines from $53.00 to $55.00 and gave the company a “hold” rating in a research note on Friday, January 12th. Royal Bank of Canada decreased their target price on Agnico Eagle Mines from $52.00 to $48.00 and set a “sector perform” rating for the company in a research note on Monday, March 12th. Finally, National Bank Financial cut Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating in a research note on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $55.90.

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Agnico Eagle Mines Company Profile

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

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

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