Stephens Inc. AR Purchases New Position in Agnico Eagle Mines Limited (NYSE:AEM)

Stephens Inc. AR bought a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,633 shares of the mining company's stock, valued at approximately $284,000.

Other hedge funds have also bought and sold shares of the company. Versant Capital Management Inc bought a new position in Agnico Eagle Mines during the fourth quarter worth $26,000. Decker Retirement Planning Inc. bought a new stake in Agnico Eagle Mines in the fourth quarter valued at $29,000. FSC Wealth Advisors LLC bought a new stake in Agnico Eagle Mines in the third quarter valued at $32,000. Fifth Third Bancorp increased its stake in Agnico Eagle Mines by 176.9% in 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 in the last quarter. Finally, McClarren Financial Advisors Inc. increased its stake in Agnico Eagle Mines by 684.6% in the third quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company's stock valued at $41,000 after purchasing an additional 445 shares in the last quarter. Institutional investors own 68.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on AEM shares. StockNews.com raised shares of Agnico Eagle Mines from a "buy" rating to a "strong-buy" rating in a research note on Monday. TD Securities decreased their price target on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating for the company in a research note on Wednesday. Royal Bank of Canada lifted their price target 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, February 11th. Jefferies Financial Group lifted their price target on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a "hold" rating in a research note on Tuesday, January 7th. Finally, Scotiabank boosted their target price on shares of 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. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $94.63.

Agnico Eagle Mines Stock Down 0.0 %

Agnico Eagle Mines stock traded down $0.05 during midday trading on Thursday, hitting $98.01. 2,462,344 shares of the stock were exchanged, compared to its average volume of 2,179,943. Agnico Eagle Mines Limited has a 52-week low of $47.73 and a 52-week high of $101.45. The stock has a market capitalization of $49.29 billion, a price-to-earnings ratio of 25.93, a price-to-earnings-growth ratio of 0.65 and a beta of 1.10. The business's 50-day moving average price is $87.21 and its 200-day moving average price is $83.66. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly earnings results on Thursday, February 13th. The mining company reported $1.26 earnings per share 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%. On average, research analysts expect that Agnico Eagle Mines Limited will post 4.7 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The company 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 dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Friday, February 28th. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 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.