Sapient Capital LLC Makes New Investment in Agnico Eagle Mines Limited (NYSE:AEM)

Sapient Capital 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 11,819 shares of the mining company’s stock, valued at approximately $648,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC acquired a new position in Agnico Eagle Mines during the fourth quarter worth $33,000. CVA Family Office LLC acquired a new position in shares of Agnico Eagle Mines in the 4th quarter valued at $36,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Agnico Eagle Mines in the 3rd quarter valued at $34,000. Anchor Investment Management LLC acquired a new position in shares of Agnico Eagle Mines in the 4th quarter valued at $55,000. Finally, Planned Solutions Inc. acquired a new position in shares of Agnico Eagle Mines in the 4th quarter valued at $93,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Analyst Ratings Changes

AEM has been the topic of several recent analyst reports. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. Jefferies Financial Group upped their price target on Agnico Eagle Mines from $54.00 to $57.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. CIBC boosted their price objective on Agnico Eagle Mines from $80.00 to $81.00 and gave the company an “outperform” rating in a report on Tuesday, April 30th. TD Securities boosted their price objective on Agnico Eagle Mines from $74.00 to $78.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Finally, Citigroup boosted their price objective on Agnico Eagle Mines from $65.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.63.

Agnico Eagle Mines Stock Down 0.1 %

NYSE AEM traded down $0.08 during trading hours on Friday, hitting $65.04. 1,909,377 shares of the company were exchanged, compared to its average volume of 3,578,693. The company has a 50 day moving average of $58.51 and a two-hundred day moving average of $53.21. 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 52-week low of $43.22 and a 52-week high of $67.80. The firm has a market cap of $32.43 billion, a price-to-earnings ratio of 68.46, a PEG ratio of 0.76 and a beta of 1.04.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings data on Thursday, April 25th. The mining company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the prior year, the business posted $0.57 EPS. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. Equities research analysts anticipate that Agnico Eagle Mines Limited will post 3.23 earnings per share for the current year.

Agnico Eagle Mines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.46%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 168.42%.

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.