11,706 Shares in Agnico Eagle Mines Limited (NYSE:AEM) Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC bought a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,706 shares of the mining company's stock, valued at approximately $916,000.

Several other institutional investors have also recently added to or reduced their stakes in AEM. Versant Capital Management Inc purchased a new stake in Agnico Eagle Mines during the fourth quarter worth approximately $26,000. Smartleaf Asset Management LLC lifted its stake in Agnico Eagle Mines by 859.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock worth $28,000 after purchasing an additional 318 shares during the last quarter. Decker Retirement Planning Inc. purchased a new stake in Agnico Eagle Mines during the fourth quarter worth approximately $29,000. Fifth Third Bancorp lifted its stake in 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 purchasing an additional 260 shares during the last quarter. Finally, Duncker Streett & Co. Inc. lifted its stake in Agnico Eagle Mines by 37.3% during the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock worth $32,000 after purchasing an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 68.34% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. TD Securities reduced their price objective on Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. Jefferies Financial Group boosted their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a "hold" rating in a research note on Tuesday, January 7th. StockNews.com cut Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. Raymond James set a $105.00 price objective on Agnico Eagle Mines and gave the company an "outperform" rating in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada boosted their price objective on Agnico Eagle Mines from $96.00 to $105.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $95.78.

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Agnico Eagle Mines Price Performance

Shares of NYSE:AEM traded down $0.30 on Wednesday, hitting $105.52. The company had a trading volume of 2,267,090 shares, compared to its average volume of 2,336,039. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines Limited has a 52-week low of $54.02 and a 52-week high of $107.88. The business has a 50 day moving average of $94.49 and a 200 day moving average of $86.40. The company has a market cap of $53.07 billion, a PE ratio of 27.91, a PEG ratio of 0.66 and a beta of 1.00.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued 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%. As a group, equities analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.60 annualized dividend and a yield of 1.52%. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 42.33%.

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.