Trek Financial LLC Acquires 9,813 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Trek Financial LLC increased its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 30.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,176 shares of the mining company's stock after purchasing an additional 9,813 shares during the quarter. Trek Financial LLC's holdings in Agnico Eagle Mines were worth $3,299,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of AEM. Versant Capital Management Inc purchased a new position in shares of Agnico Eagle Mines during the 4th quarter valued at $26,000. Smartleaf Asset Management LLC increased its holdings in shares of Agnico Eagle Mines by 859.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock valued at $28,000 after acquiring an additional 318 shares during the last quarter. Decker Retirement Planning Inc. bought a new position in shares of Agnico Eagle Mines in the fourth quarter valued at approximately $29,000. Fifth Third Bancorp raised its holdings in Agnico Eagle Mines by 176.9% in the 4th quarter. Fifth Third Bancorp now owns 407 shares of the mining company's stock worth $32,000 after acquiring an additional 260 shares during the period. Finally, Duncker Streett & Co. Inc. increased its stake in shares of Agnico Eagle Mines by 37.3% in 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 period. Institutional investors and hedge funds own 68.34% of the company's stock.

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Wall Street Analyst Weigh In

AEM has been the subject of several research analyst reports. Scotiabank upped 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 research note on Tuesday, January 21st. UBS Group boosted their price target on Agnico Eagle Mines from $110.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday. Stifel Canada raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Wednesday, March 19th. Jefferies Financial Group increased their target price on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a "hold" rating in a report on Tuesday, January 7th. Finally, National Bank Financial upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, March 21st. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Agnico Eagle Mines currently has a consensus rating of "Buy" and an average target price of $111.90.

Agnico Eagle Mines Trading Up 5.8 %

Shares of NYSE:AEM traded up $6.51 during mid-day trading on Friday, reaching $118.06. The stock had a trading volume of 5,073,977 shares, compared to its average volume of 2,425,460. The firm has a 50 day simple moving average of $101.19 and a two-hundred day simple moving average of $89.55. Agnico Eagle Mines Limited has a twelve month low of $60.15 and a twelve month high of $118.58. The firm has a market cap of $59.38 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 0.66 and a beta of 0.87. 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 (NYSE:AEM - Get Free Report) TSE: AEM last posted 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%. On average, research analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date 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.