Agnico Eagle Mines Limited $AEM Shares Acquired by Centiva Capital LP

Centiva Capital LP lifted its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 1,051.5% in the third quarter, HoldingsChannel reports. The firm owned 29,351 shares of the mining company’s stock after acquiring an additional 26,802 shares during the period. Centiva Capital LP’s holdings in Agnico Eagle Mines were worth $4,947,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. True Wealth Design LLC lifted its stake in Agnico Eagle Mines by 381.3% in the 3rd quarter. True Wealth Design LLC now owns 154 shares of the mining company’s stock valued at $26,000 after buying an additional 122 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in Agnico Eagle Mines during the second quarter worth $29,000. Blue Bell Private Wealth Management LLC increased its position in Agnico Eagle Mines by 59.7% during the third quarter. Blue Bell Private Wealth Management LLC now owns 198 shares of the mining company’s stock worth $33,000 after buying an additional 74 shares in the last quarter. MCF Advisors LLC acquired a new position in shares of Agnico Eagle Mines in the third quarter worth $34,000. Finally, Caitlin John LLC acquired a new position in shares of Agnico Eagle Mines in the third quarter worth $36,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Price Performance

AEM stock opened at $207.39 on Friday. The stock has a market capitalization of $103.91 billion, a price-to-earnings ratio of 23.36 and a beta of 0.61. The company has a quick ratio of 1.33, a current ratio of 2.02 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines Limited has a 52-week low of $94.77 and a 52-week high of $255.24. The stock’s fifty day simple moving average is $212.49 and its 200-day simple moving average is $181.29.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Thursday, February 12th. The mining company reported $2.69 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 during the quarter, compared to analyst estimates of $3.40 billion. During the same period in the prior year, the firm posted $1.26 earnings per share. The business’s quarterly revenue was up 60.3% compared to the same quarter last year. Equities research analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be issued a $0.45 dividend. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.40. The ex-dividend date is Monday, March 2nd. This represents a $1.80 annualized dividend and a yield of 0.9%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 20.27%.

Analyst Upgrades and Downgrades

AEM has been the topic of a number of analyst reports. Scotiabank reaffirmed an “outperform” rating and set a $280.00 price objective on shares of Agnico Eagle Mines in a research note on Tuesday, February 17th. Royal Bank Of Canada downgraded shares of Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and boosted their target price for the company from $185.00 to $205.00 in a research note on Wednesday, December 10th. Citigroup upped their target price on shares of Agnico Eagle Mines from $198.00 to $256.00 and gave the company a “buy” rating in a report on Thursday, January 15th. Weiss Ratings cut 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 target on shares of Agnico Eagle Mines in a report on Friday, January 30th. Four analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $234.91.

Agnico Eagle Mines Company 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.