Jupiter Asset Management Ltd. Buys 161,240 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Jupiter Asset Management Ltd. boosted its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 36.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 604,284 shares of the mining company's stock after buying an additional 161,240 shares during the quarter. Jupiter Asset Management Ltd. owned approximately 0.12% of Agnico Eagle Mines worth $47,252,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc bought a new position in Agnico Eagle Mines during the fourth quarter valued at about $26,000. Smartleaf Asset Management LLC grew its position in Agnico Eagle Mines by 859.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock valued at $28,000 after buying an additional 318 shares during the period. Decker Retirement Planning Inc. purchased a new stake in Agnico Eagle Mines during the fourth quarter valued at about $29,000. Fifth Third Bancorp lifted its holdings in Agnico Eagle Mines by 176.9% during the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company's stock valued at $32,000 after purchasing an additional 260 shares during the last quarter. Finally, Duncker Streett & Co. Inc. lifted its holdings in 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 purchasing an additional 112 shares during the last quarter. Institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Stock Up 3.6 %

AEM stock opened at $100.54 on Wednesday. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The company's 50 day moving average is $92.15 and its 200 day moving average is $85.63. The stock has a market cap of $50.56 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 0.66 and a beta of 1.00. Agnico Eagle Mines Limited has a 1-year low of $54.02 and a 1-year high of $101.81.

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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%. Sell-side analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Friday, February 28th. Agnico Eagle Mines's payout ratio is currently 42.33%.

Wall Street Analysts Forecast Growth

Several research firms have commented on AEM. Royal Bank of Canada upped their price objective on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. TD Securities dropped their price objective on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating on the stock in a report on Wednesday, February 19th. Jefferies Financial Group upped their price objective 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. Scotiabank increased their price target on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a "sector outperform" rating in a report on Tuesday, January 21st. Finally, StockNews.com downgraded shares of Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Agnico Eagle Mines presently has an average rating of "Moderate Buy" and an average target price of $95.78.

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.

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