8,110 Shares in Agnico Eagle Mines Limited (NYSE:AEM) Acquired by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA acquired a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 8,110 shares of the mining company's stock, valued at approximately $602,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AEM. Pinnacle Wealth Management Group Inc. boosted its holdings in Agnico Eagle Mines by 0.5% in the fourth quarter. Pinnacle Wealth Management Group Inc. now owns 24,407 shares of the mining company's stock valued at $1,909,000 after acquiring an additional 125 shares during the last quarter. Diversify Wealth Management LLC grew its stake in Agnico Eagle Mines by 2.1% during the fourth quarter. Diversify Wealth Management LLC now owns 6,753 shares of the mining company's stock worth $569,000 after buying an additional 141 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in shares of Agnico Eagle Mines by 34.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the mining company's stock worth $51,000 after acquiring an additional 165 shares in the last quarter. Tectonic Advisors LLC raised its stake in shares of Agnico Eagle Mines by 0.8% in the 4th quarter. Tectonic Advisors LLC now owns 22,640 shares of the mining company's stock valued at $1,771,000 after acquiring an additional 185 shares during the period. Finally, Scheer Rowlett & Associates Investment Management Ltd. lifted its holdings in shares of Agnico Eagle Mines by 4.3% during the 3rd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 4,805 shares of the mining company's stock valued at $387,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Stock Up 1.8 %

AEM traded up $1.74 during trading on Friday, hitting $96.43. The company had a trading volume of 3,617,490 shares, compared to its average volume of 2,265,100. Agnico Eagle Mines Limited has a 1-year low of $47.73 and a 1-year high of $101.45. 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 company has a market cap of $48.50 billion, a PE ratio of 25.51, a P/E/G ratio of 0.66 and a beta of 1.10. The business has a 50-day moving average of $89.08 and a 200-day moving average of $84.56.

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

Agnico Eagle Mines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.60 annualized dividend and a dividend yield of 1.66%. Agnico Eagle Mines's payout ratio is 42.33%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Royal Bank of Canada increased their price target on Agnico Eagle Mines from $96.00 to $105.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Raymond James set a $105.00 target price on Agnico Eagle Mines and gave the company an "outperform" rating in a research note on Tuesday, February 4th. StockNews.com cut Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a report on Tuesday. TD Securities dropped their price objective on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. Finally, Scotiabank boosted their target price on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, January 21st. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Agnico Eagle Mines has an average rating of "Moderate Buy" and a consensus price target of $95.78.

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.