Intellus Advisors LLC Makes New $225,000 Investment in Agnico Eagle Mines Limited (NYSE:AEM)

Intellus Advisors LLC bought a new stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,878 shares of the mining company's stock, valued at approximately $225,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in Agnico Eagle Mines by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,136,854 shares of the mining company's stock worth $91,681,000 after purchasing an additional 32,991 shares in the last quarter. Bridgewater Associates LP grew its position in shares of Agnico Eagle Mines by 123.2% in the 3rd quarter. Bridgewater Associates LP now owns 204,168 shares of the mining company's stock valued at $16,448,000 after buying an additional 112,712 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Agnico Eagle Mines by 78.3% during the 4th quarter. Jones Financial Companies Lllp now owns 3,259 shares of the mining company's stock worth $255,000 after acquiring an additional 1,431 shares in the last quarter. Caldwell Investment Management Ltd. lifted its position in Agnico Eagle Mines by 12.0% in the fourth quarter. Caldwell Investment Management Ltd. now owns 87,700 shares of the mining company's stock valued at $6,812,000 after acquiring an additional 9,400 shares during the last quarter. Finally, Forsta AP Fonden boosted its stake in Agnico Eagle Mines by 8.9% in the fourth quarter. Forsta AP Fonden now owns 195,100 shares of the mining company's stock valued at $15,256,000 after acquiring an additional 16,000 shares in the last quarter. Hedge funds and other institutional investors own 68.34% of the company's stock.

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Analyst Ratings Changes

A number of research firms have recently commented on AEM. Raymond James set a $105.00 target price on Agnico Eagle Mines and gave the stock an "outperform" rating in a research report on Tuesday, February 4th. StockNews.com lowered Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Royal Bank of Canada increased their price objective on Agnico Eagle Mines from $96.00 to $105.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Scotiabank lifted their target price on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the company a "sector outperform" rating in a report on Tuesday, January 21st. Finally, Jefferies Financial Group increased their price target on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a "hold" rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $95.78.

Agnico Eagle Mines Price Performance

AEM stock traded down $0.89 during trading on Wednesday, reaching $104.56. 294,213 shares of the company were exchanged, compared to its average volume of 2,315,558. Agnico Eagle Mines Limited has a 52-week low of $56.05 and a 52-week high of $107.88. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86. The company has a market cap of $52.59 billion, a P/E ratio of 27.69, a PEG ratio of 0.66 and a beta of 1.00. The stock's 50 day moving average price is $96.63 and its 200 day moving average price is $87.32.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly earnings results on Thursday, February 13th. The mining company reported $1.26 earnings per share for the quarter, missing analysts' consensus estimates 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, analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend was Friday, February 28th. 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.