Y Intercept Hong Kong Ltd Has $649,000 Stake in Agnico Eagle Mines Limited (NYSE:AEM)

Y Intercept Hong Kong Ltd increased its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 86.6% during the fourth quarter, HoldingsChannel reports. The fund owned 8,292 shares of the mining company’s stock after buying an additional 3,848 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Agnico Eagle Mines were worth $649,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in AEM. Versant Capital Management Inc acquired a new stake in shares of Agnico Eagle Mines during the fourth quarter worth $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of Agnico Eagle Mines during the fourth quarter worth $29,000. Fifth Third Bancorp raised its holdings in shares of Agnico Eagle Mines by 176.9% during the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock worth $32,000 after acquiring an additional 260 shares during the period. Montag A & Associates Inc. raised its holdings in shares of Agnico Eagle Mines by 85.2% during the fourth quarter. Montag A & Associates Inc. now owns 500 shares of the mining company’s stock worth $39,000 after acquiring an additional 230 shares during the period. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of Agnico Eagle Mines during the third quarter worth $48,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. StockNews.com lowered shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Jefferies Financial Group lifted their price target on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a research note on Tuesday, January 7th. Royal Bank of Canada lifted their price target on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Raymond James set a $105.00 price target on shares of Agnico Eagle Mines and gave the company an “outperform” rating in a research note on Tuesday, February 4th. Finally, Scotiabank lifted their price target on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.78.

Agnico Eagle Mines Stock Performance

Shares of AEM opened at $96.43 on Friday. The company has a market cap of $48.50 billion, a PE ratio of 25.51, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. The firm has a 50-day moving average of $89.44 and a 200-day moving average of $84.70. Agnico Eagle Mines Limited has a one year low of $47.73 and a one year high of $101.45.

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

Agnico Eagle Mines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Friday, February 28th. Agnico Eagle Mines’s payout ratio is 42.33%.

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.