Sapient Capital LLC Takes Position in Agnico Eagle Mines Limited (NYSE:AEM)

Sapient Capital LLC bought a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 11,819 shares of the mining company’s stock, valued at approximately $648,000.

Several other large investors also recently modified their holdings of AEM. Commonwealth Equity Services LLC raised its stake in Agnico Eagle Mines by 4.4% during the third quarter. Commonwealth Equity Services LLC now owns 83,299 shares of the mining company’s stock valued at $3,786,000 after buying an additional 3,519 shares in the last quarter. Raymond James & Associates raised its stake in Agnico Eagle Mines by 7.5% during the third quarter. Raymond James & Associates now owns 315,658 shares of the mining company’s stock valued at $14,347,000 after buying an additional 22,019 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Agnico Eagle Mines by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 664,133 shares of the mining company’s stock valued at $30,185,000 after buying an additional 6,919 shares in the last quarter. Forsta AP Fonden raised its stake in Agnico Eagle Mines by 0.9% during the third quarter. Forsta AP Fonden now owns 106,500 shares of the mining company’s stock valued at $4,862,000 after buying an additional 1,000 shares in the last quarter. Finally, Keating Investment Counselors Inc. raised its stake in Agnico Eagle Mines by 9.7% during the third quarter. Keating Investment Counselors Inc. now owns 190,133 shares of the mining company’s stock valued at $8,642,000 after buying an additional 16,761 shares in the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Down 0.1 %

Shares of AEM traded down $0.08 during mid-day trading on Friday, reaching $65.04. The company’s stock had a trading volume of 1,909,377 shares, compared to its average volume of 3,578,693. The company has a quick ratio of 0.88, a current ratio of 2.21 and a debt-to-equity ratio of 0.09. Agnico Eagle Mines Limited has a 1 year low of $43.22 and a 1 year high of $67.80. The business has a fifty day moving average of $58.51 and a 200 day moving average of $53.21. The company has a market cap of $32.43 billion, a price-to-earnings ratio of 68.46, a price-to-earnings-growth ratio of 0.76 and a beta of 1.04.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Thursday, April 25th. The mining company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.16. Agnico Eagle Mines had a return on equity of 6.09% and a net margin of 6.79%. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same period last year, the company earned $0.57 earnings per share. Agnico Eagle Mines’s quarterly revenue was up 21.2% compared to the same quarter last year. As a group, analysts forecast that Agnico Eagle Mines Limited will post 3.23 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.60 annualized dividend and a dividend yield of 2.46%. Agnico Eagle Mines’s dividend payout ratio is 168.42%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AEM. Jefferies Financial Group increased their price target on Agnico Eagle Mines from $54.00 to $57.00 and gave the stock a “hold” rating in a research report on Monday, April 22nd. Citigroup increased their price target on Agnico Eagle Mines from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. TD Securities increased their price target on Agnico Eagle Mines from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Raymond James increased their price target on Agnico Eagle Mines from $66.00 to $71.00 and gave the stock an “outperform” rating in a research report on Friday, January 12th. Finally, National Bank Financial reissued an “outperform overweight” rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.63.

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.