Summit Financial LLC purchased a new stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,578 shares of the mining company's stock, valued at approximately $749,000.
A number of other large investors have also made changes to their positions in the stock. Versant Capital Management Inc bought a new stake in Agnico Eagle Mines in the fourth quarter valued at about $26,000. Smartleaf Asset Management LLC grew its stake in shares of Agnico Eagle Mines by 859.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock valued at $28,000 after purchasing an additional 318 shares during the period. Decker Retirement Planning Inc. acquired a new stake in Agnico Eagle Mines in the 4th quarter valued at $29,000. Fifth Third Bancorp raised 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 acquiring an additional 260 shares in the last quarter. Finally, Duncker Streett & Co. Inc. lifted its holdings in shares of Agnico Eagle Mines by 37.3% during the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock valued at $32,000 after acquiring an additional 112 shares during the period. Institutional investors and hedge funds own 68.34% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on AEM shares. UBS Group lowered shares of Agnico Eagle Mines from a "buy" rating to a "neutral" rating and boosted their price target for the company from $100.00 to $110.00 in a research report on Monday, March 31st. TD Securities dropped their target price on shares of 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. Citigroup upped their price objective on Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a "buy" rating in a report on Monday, March 31st. Royal Bank of Canada lifted their target price on Agnico Eagle Mines from $110.00 to $115.00 and gave the company an "outperform" rating in a research note on Friday. Finally, National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, March 21st. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $108.00.
Check Out Our Latest Stock Analysis on AEM
Agnico Eagle Mines Stock Up 0.5 %
Shares of AEM traded up $0.52 during mid-day trading on Monday, hitting $100.00. 3,199,994 shares of the company's stock were exchanged, compared to its average volume of 2,365,601. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. Agnico Eagle Mines Limited has a 52 week low of $60.15 and a 52 week high of $111.04. The company has a market cap of $50.30 billion, a PE ratio of 26.49, a P/E/G ratio of 0.66 and a beta of 0.87. The company has a 50-day simple moving average of $99.77 and a 200 day simple moving average of $88.76.
Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its quarterly earnings results 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%. On average, research analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.
Agnico Eagle Mines Dividend Announcement
The business also recently declared 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 was Friday, February 28th. This represents a $1.60 annualized dividend and a yield of 1.60%. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 42.33%.
About Agnico Eagle Mines
(
Free Report)
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.
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