Alps Advisors Inc. Has $26.21 Million Holdings in Agnico Eagle Mines Limited (AEM)

Alps Advisors Inc. raised its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 19.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 579,739 shares of the mining company’s stock after purchasing an additional 92,375 shares during the period. Alps Advisors Inc. owned about 0.25% of Agnico Eagle Mines Limited worth $26,210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Neuberger Berman Group LLC raised its position in Agnico Eagle Mines Limited by 4.2% in the 2nd quarter. Neuberger Berman Group LLC now owns 816,794 shares of the mining company’s stock valued at $36,854,000 after purchasing an additional 33,285 shares in the last quarter. Aviva PLC raised its position in Agnico Eagle Mines Limited by 3.3% in the 2nd quarter. Aviva PLC now owns 144,463 shares of the mining company’s stock valued at $6,508,000 after purchasing an additional 4,590 shares in the last quarter. Boulegeris Investments Inc. raised its position in Agnico Eagle Mines Limited by 135.7% in the 2nd quarter. Boulegeris Investments Inc. now owns 12,070 shares of the mining company’s stock valued at $545,000 after purchasing an additional 6,950 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Agnico Eagle Mines Limited by 6.9% during the 2nd quarter. Vanguard Group Inc. now owns 5,444,848 shares of the mining company’s stock worth $245,672,000 after acquiring an additional 352,417 shares in the last quarter. Finally, Airain ltd acquired a new stake in shares of Agnico Eagle Mines Limited during the 2nd quarter worth about $4,627,000. 58.32% of the stock is currently owned by institutional investors.

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Several equities research analysts have recently weighed in on AEM shares. ValuEngine raised Agnico Eagle Mines Limited from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Credit Suisse Group set a $64.00 target price on Agnico Eagle Mines Limited and gave the stock a “buy” rating in a research report on Sunday, September 10th. Zacks Investment Research lowered Agnico Eagle Mines Limited from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. National Bank Financial raised Agnico Eagle Mines Limited from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 24th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $54.00 target price on shares of Agnico Eagle Mines Limited in a research report on Tuesday, July 18th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Agnico Eagle Mines Limited currently has an average rating of “Buy” and an average target price of $54.44.

Agnico Eagle Mines Limited (AEM) traded down $0.35 on Friday, reaching $45.00. The company’s stock had a trading volume of 1,080,119 shares, compared to its average volume of 1,342,386. The firm has a market capitalization of $10,506.37, a price-to-earnings ratio of 39.44, a price-to-earnings-growth ratio of 45.46 and a beta of -0.72. Agnico Eagle Mines Limited has a 52 week low of $35.05 and a 52 week high of $51.86. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.70 and a current ratio of 3.85.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.11 per share. This is a positive change from Agnico Eagle Mines Limited’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.44 annualized dividend and a yield of 0.98%. Agnico Eagle Mines Limited’s payout ratio is 34.19%.

Agnico Eagle Mines Limited Profile

Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.

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Institutional Ownership by Quarter for Agnico Eagle Mines Limited (NYSE:AEM)

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