Agnico Eagle Mines Limited (NYSE:AEM) Shares Acquired by Denali Advisors LLC

Denali Advisors LLC grew its position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 51.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,618 shares of the mining company's stock after acquiring an additional 17,487 shares during the quarter. Denali Advisors LLC's holdings in Agnico Eagle Mines were worth $4,036,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new stake in Agnico Eagle Mines during the fourth quarter worth about $26,000. Decker Retirement Planning Inc. acquired a new stake in Agnico Eagle Mines during the fourth quarter worth about $29,000. Fifth Third Bancorp boosted its position in shares of Agnico Eagle Mines by 176.9% in the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company's stock worth $32,000 after buying an additional 260 shares during the period. Montag A & Associates Inc. boosted its position in shares of Agnico Eagle Mines by 85.2% in the fourth quarter. Montag A & Associates Inc. now owns 500 shares of the mining company's stock worth $39,000 after buying an additional 230 shares during the period. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of Agnico Eagle Mines in the third quarter worth about $48,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AEM. StockNews.com downgraded Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a research report on Tuesday. Scotiabank upped their target price on 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. Royal Bank of Canada upped their target price on Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Jefferies Financial Group upped their target price on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a "hold" rating in a research report on Tuesday, January 7th. Finally, 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. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Agnico Eagle Mines currently has a consensus rating of "Moderate Buy" and a consensus price target of $95.78.

Agnico Eagle Mines Stock Up 1.4 %

AEM traded up $1.34 on Friday, reaching $96.43. The company's stock had a trading volume of 3,617,888 shares, compared to its average volume of 2,266,471. The stock has a market cap of $48.50 billion, a price-to-earnings ratio of 25.51, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10. 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 business's 50 day moving average is $89.44 and its 200 day moving average is $84.70.

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 EPS for the quarter, missing analysts' consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. As a group, research analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

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

Agnico Eagle Mines 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.