Cromwell Holdings LLC Makes New $52,000 Investment in Agnico Eagle Mines Limited (NYSE:AEM)

Cromwell Holdings LLC acquired a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 666 shares of the mining company’s stock, valued at approximately $52,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Van ECK Associates Corp boosted its stake in Agnico Eagle Mines by 3.6% during the fourth quarter. Van ECK Associates Corp now owns 22,322,859 shares of the mining company’s stock worth $1,745,858,000 after buying an additional 778,919 shares during the last quarter. FMR LLC boosted its stake in Agnico Eagle Mines by 43.5% during the third quarter. FMR LLC now owns 15,061,244 shares of the mining company’s stock worth $1,213,311,000 after buying an additional 4,562,005 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Agnico Eagle Mines by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 6,383,024 shares of the mining company’s stock worth $499,956,000 after buying an additional 332,576 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Agnico Eagle Mines by 16.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,892,898 shares of the mining company’s stock worth $474,660,000 after buying an additional 817,240 shares during the last quarter. Finally, National Bank of Canada FI boosted its stake in Agnico Eagle Mines by 7.4% during the third quarter. National Bank of Canada FI now owns 4,155,349 shares of the mining company’s stock worth $334,749,000 after buying an additional 285,565 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Price Performance

AEM stock opened at $98.01 on Friday. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $49.29 billion, a PE ratio of 25.93, a P/E/G ratio of 0.65 and a beta of 1.10. Agnico Eagle Mines Limited has a 12-month low of $47.73 and a 12-month high of $101.45. The business’s fifty day moving average price is $87.46 and its 200 day moving average price is $83.76.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data 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%. On average, sell-side analysts anticipate that Agnico Eagle Mines Limited will post 4.7 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.40 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.60 annualized dividend and a dividend yield of 1.63%. Agnico Eagle Mines’s dividend payout ratio is presently 42.33%.

Analyst Ratings Changes

AEM has been the topic of a number of recent research reports. Jefferies Financial Group boosted their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th. TD Securities reduced their target price on Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating on the stock in a research report on Wednesday. StockNews.com upgraded Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a research report on Monday. Royal Bank of Canada lifted their target price on Agnico Eagle Mines from $96.00 to $105.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Finally, Scotiabank lifted their target price on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 21st. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Agnico Eagle Mines has a consensus rating of “Buy” and a consensus target price of $94.63.

Agnico Eagle Mines 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.