Sumitomo Mitsui Trust Holdings Inc. Buys 16,304 Shares of Agnico Eagle Mines Limited (AEM)

Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 797,109 shares of the mining company’s stock after acquiring an additional 16,304 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.34% of Agnico Eagle Mines Limited worth $36,005,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Neuberger Berman Group LLC increased its position in shares of Agnico Eagle Mines Limited by 4.2% during the second quarter. Neuberger Berman Group LLC now owns 816,794 shares of the mining company’s stock worth $36,854,000 after acquiring an additional 33,285 shares during the period. Aviva PLC increased its position in shares of Agnico Eagle Mines Limited by 3.3% during the second quarter. Aviva PLC now owns 144,463 shares of the mining company’s stock worth $6,508,000 after acquiring an additional 4,590 shares during the period. Boulegeris Investments Inc. increased its position in shares of Agnico Eagle Mines Limited by 135.7% during the second quarter. Boulegeris Investments Inc. now owns 12,070 shares of the mining company’s stock worth $545,000 after acquiring an additional 6,950 shares during the period. Vanguard Group Inc. increased its position in shares of Agnico Eagle Mines Limited by 6.9% during the second 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 during the period. Finally, Airain ltd purchased a new stake in shares of Agnico Eagle Mines Limited during the second quarter worth $4,627,000. 59.10% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently commented on the stock. ValuEngine upgraded shares of Agnico Eagle Mines Limited from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Credit Suisse Group set a $64.00 target price on shares of Agnico Eagle Mines Limited and gave the stock a “buy” rating in a research note on Sunday, September 10th. Zacks Investment Research downgraded shares of Agnico Eagle Mines Limited from a “buy” rating to a “hold” rating in a research note on Friday, October 6th. Scotiabank boosted their target price on shares of Agnico Eagle Mines Limited from $58.00 to $58.50 and gave the stock an “outperform” rating in a research note on Friday, July 28th. Finally, National Bank Financial reiterated an “outperform market weight” rating on shares of Agnico Eagle Mines Limited in a research note on Friday, September 8th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Agnico Eagle Mines Limited presently has an average rating of “Buy” and an average target price of $54.44.

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Agnico Eagle Mines Limited (NYSE AEM) opened at $44.45 on Wednesday. The company has a quick ratio of 2.70, a current ratio of 3.85 and a debt-to-equity ratio of 0.28. Agnico Eagle Mines Limited has a 12 month low of $35.05 and a 12 month high of $51.86. The stock has a market cap of $10,330.00, a price-to-earnings ratio of 38.25, a price-to-earnings-growth ratio of 44.10 and a beta of -0.72.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Thursday, November 30th. This is an increase from Agnico Eagle Mines Limited’s previous quarterly dividend of $0.10. Agnico Eagle Mines Limited’s dividend payout ratio is currently 34.19%.

Agnico Eagle Mines Limited Company 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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