Ossiam Buys 91,720 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Ossiam raised its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 7,859.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 92,887 shares of the mining company’s stock after buying an additional 91,720 shares during the quarter. Ossiam’s holdings in Agnico Eagle Mines were worth $7,263,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of AEM. Versant Capital Management Inc bought a new position in Agnico Eagle Mines during the 4th quarter valued at approximately $26,000. Smartleaf Asset Management LLC grew its stake in shares of Agnico Eagle Mines by 859.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock worth $28,000 after acquiring an additional 318 shares during the last quarter. Decker Retirement Planning Inc. bought a new position in shares of Agnico Eagle Mines during the fourth quarter valued at $29,000. Fifth Third Bancorp raised its position in shares of Agnico Eagle Mines by 176.9% in the 4th quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock worth $32,000 after purchasing an additional 260 shares during the last quarter. Finally, Duncker Streett & Co. Inc. boosted its stake in Agnico Eagle Mines by 37.3% in the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock worth $32,000 after purchasing an additional 112 shares in the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

Agnico Eagle Mines Trading Down 0.8 %

AEM stock opened at $121.58 on Friday. The firm has a market cap of $61.19 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 0.66 and a beta of 0.87. The firm has a fifty day moving average price of $103.84 and a 200 day moving average price of $91.14. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86. Agnico Eagle Mines Limited has a fifty-two week low of $61.56 and a fifty-two week high of $125.94.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its earnings results on Thursday, February 13th. The mining company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.44). Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. Sell-side analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.60 annualized dividend and a yield of 1.32%. Agnico Eagle Mines’s payout ratio is presently 42.33%.

Wall Street Analyst Weigh In

AEM has been the subject of a number of analyst reports. UBS Group raised their price objective on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, April 11th. National Bank Financial raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Friday, March 21st. BMO Capital Markets initiated coverage on Agnico Eagle Mines in a research report on Wednesday. They issued an “outperform” rating and a $181.00 price objective on the stock. Stifel Canada raised Agnico Eagle Mines to a “strong-buy” rating in a report on Wednesday, March 19th. Finally, Jefferies Financial Group boosted their price objective on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $124.40.

Agnico Eagle Mines Company Profile

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.