Compound Global Advisors LLC Buys Shares of 10,000 Agnico Eagle Mines Limited (NYSE:AEM)

Compound Global Advisors LLC bought a new position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,000 shares of the mining company's stock, valued at approximately $782,000. Agnico Eagle Mines comprises approximately 3.2% of Compound Global Advisors LLC's portfolio, making the stock its 9th largest position.

Several other hedge funds have also modified their holdings of the stock. Pinnacle Wealth Management Group Inc. raised 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 buying an additional 125 shares during the period. Diversify Wealth Management LLC raised its holdings in Agnico Eagle Mines by 2.1% in the fourth quarter. Diversify Wealth Management LLC now owns 6,753 shares of the mining company's stock valued at $569,000 after buying an additional 141 shares during the period. Sapient Capital LLC raised its holdings in Agnico Eagle Mines by 1.3% in the third quarter. Sapient Capital LLC now owns 11,001 shares of the mining company's stock valued at $886,000 after buying an additional 145 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in 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 valued at $51,000 after buying an additional 165 shares during the period. Finally, Tectonic Advisors LLC raised its holdings in Agnico Eagle Mines by 0.8% in the fourth quarter. Tectonic Advisors LLC now owns 22,640 shares of the mining company's stock valued at $1,771,000 after buying an additional 185 shares during the period. 68.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Scotiabank raised their price target 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. Jefferies Financial Group raised their price target on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a "hold" rating in a report on Tuesday, January 7th. Finally, Royal Bank of Canada lifted their price objective on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the company an "outperform" rating in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $92.75.

Agnico Eagle Mines Stock Down 5.0 %

Shares of AEM traded down $5.06 during mid-day trading on Friday, reaching $95.75. 4,623,011 shares of the stock traded hands, compared to its average volume of 2,091,598. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The stock has a fifty day simple moving average of $86.51 and a 200 day simple moving average of $83.16. The firm has a market cap of $48.15 billion, a price-to-earnings ratio of 47.87, a P/E/G ratio of 0.66 and a beta of 1.10. Agnico Eagle Mines Limited has a 12-month low of $45.75 and a 12-month high of $101.45.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted 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 12.86% and a return on equity of 8.88%. Sell-side analysts expect that Agnico Eagle Mines Limited will post 4.14 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.60 annualized dividend and a yield of 1.67%. Agnico Eagle Mines's dividend payout ratio is presently 42.33%.

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.