HighPoint Advisor Group LLC Makes New $251,000 Investment in Agnico Eagle Mines Limited (NYSE:AEM)

HighPoint Advisor Group LLC acquired a new stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 3,214 shares of the mining company's stock, valued at approximately $251,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Colrain Capital LLC acquired a new position in shares of Agnico Eagle Mines during the fourth quarter valued at about $1,822,000. Summit Financial LLC bought a new position in Agnico Eagle Mines during the 4th quarter valued at $749,000. Everstar Asset Management LLC grew its stake in shares of Agnico Eagle Mines by 6.5% in the 4th quarter. Everstar Asset Management LLC now owns 5,888 shares of the mining company's stock worth $460,000 after acquiring an additional 357 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of Agnico Eagle Mines by 5.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 114,253 shares of the mining company's stock valued at $8,929,000 after purchasing an additional 5,466 shares during the last quarter. Finally, Delos Wealth Advisors LLC lifted its position in shares of Agnico Eagle Mines by 5.3% during the fourth quarter. Delos Wealth Advisors LLC now owns 42,741 shares of the mining company's stock valued at $3,343,000 after purchasing an additional 2,148 shares in the last quarter. Institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Price Performance

AEM stock traded up $3.13 during midday trading on Tuesday, reaching $102.76. The company had a trading volume of 1,827,048 shares, compared to its average volume of 2,533,688. The firm has a 50-day moving average price of $99.97 and a 200-day moving average price of $88.89. Agnico Eagle Mines Limited has a 1 year low of $60.15 and a 1 year high of $111.04. 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 capitalization of $51.69 billion, a P/E ratio of 27.14, a P/E/G ratio of 0.66 and a beta of 0.87.

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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 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 anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.56%. The ex-dividend date was Friday, February 28th. Agnico Eagle Mines's dividend payout ratio is presently 42.33%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Jefferies Financial Group lifted their target price on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a "hold" rating in a research report on Tuesday, January 7th. UBS Group lowered shares of Agnico Eagle Mines from a "buy" rating to a "neutral" rating and raised their price target for the stock from $100.00 to $110.00 in a research note on Monday, March 31st. Royal Bank of Canada raised their target price on Agnico Eagle Mines from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Friday. Scotiabank increased their price target on Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, January 21st. Finally, Bank of America increased their target price on shares of Agnico Eagle Mines from $119.00 to $142.00 and gave the stock a "buy" rating in a research report on Tuesday. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $111.40.

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.