Proficio Capital Partners LLC Buys Shares of 10,402 Agnico Eagle Mines Limited (NYSE:AEM)

Proficio Capital Partners LLC acquired a new position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 10,402 shares of the mining company's stock, valued at approximately $814,000.

Several other large investors have also made changes to their positions in the business. M&T Bank Corp raised its stake in Agnico Eagle Mines by 15.8% during the 4th quarter. M&T Bank Corp now owns 14,638 shares of the mining company's stock valued at $1,145,000 after purchasing an additional 2,000 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Agnico Eagle Mines by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,172,630 shares of the mining company's stock valued at $91,695,000 after buying an additional 35,776 shares during the last quarter. LGT Group Foundation lifted its stake in shares of Agnico Eagle Mines by 10.3% in the fourth quarter. LGT Group Foundation now owns 123,595 shares of the mining company's stock valued at $9,657,000 after buying an additional 11,570 shares during the period. DJE Kapital AG acquired a new stake in Agnico Eagle Mines during the fourth quarter worth about $11,250,000. Finally, Plato Investment Management Ltd grew its position in Agnico Eagle Mines by 32.3% during the fourth quarter. Plato Investment Management Ltd now owns 38,269 shares of the mining company's stock worth $3,004,000 after buying an additional 9,344 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company's stock.

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Analysts Set New Price Targets

A number of analysts have commented on the company. TD Securities reduced their price objective on Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Stifel Canada upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Wednesday, March 19th. StockNews.com lowered shares of Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. Jefferies Financial Group raised their price objective on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a "hold" rating in a report on Tuesday, January 7th. Finally, 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. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $95.78.

Agnico Eagle Mines Price Performance

Shares of NYSE AEM traded down $0.72 during mid-day trading on Wednesday, hitting $104.73. 1,377,096 shares of the stock were exchanged, compared to its average volume of 2,319,608. The company has a market cap of $52.68 billion, a P/E ratio of 27.71, a PEG ratio of 0.66 and a beta of 1.00. Agnico Eagle Mines Limited has a twelve month low of $56.05 and a twelve month high of $107.88. The stock's fifty day simple moving average is $96.63 and its two-hundred day simple moving average is $87.32. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86.

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 earnings per share (EPS) 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%. As a group, 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 was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.40 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.53%. Agnico Eagle Mines's payout ratio is 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.