Montag A & Associates Inc. Boosts Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Montag A & Associates Inc. lifted its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 85.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 500 shares of the mining company’s stock after purchasing an additional 230 shares during the period. Montag A & Associates Inc.’s holdings in Agnico Eagle Mines were worth $39,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc purchased a new stake in Agnico Eagle Mines during the 4th quarter worth approximately $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of Agnico Eagle Mines in the fourth quarter worth approximately $29,000. FSC Wealth Advisors LLC purchased a new stake in shares of Agnico Eagle Mines during the third quarter worth approximately $32,000. Fifth Third Bancorp raised its stake in Agnico Eagle Mines by 176.9% in the 4th 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, Hobbs Group Advisors LLC purchased a new position in Agnico Eagle Mines in the 3rd quarter valued at $48,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Price Performance

AEM stock opened at $97.20 on Wednesday. Agnico Eagle Mines Limited has a 52-week low of $47.73 and a 52-week high of $101.45. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The stock has a market cap of $48.82 billion, a price-to-earnings ratio of 48.60, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10. The business has a fifty day moving average of $86.99 and a two-hundred day moving average of $83.56.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data on Thursday, February 13th. The mining company reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a return on equity of 8.88% and a net margin of 12.86%. As a group, research analysts anticipate that Agnico Eagle Mines Limited will post 4.14 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.40 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.60 annualized dividend and a dividend yield of 1.65%. Agnico Eagle Mines’s dividend payout ratio is currently 80.00%.

Wall Street Analyst Weigh In

AEM has been the subject of a number of research reports. Royal Bank of Canada upped their target price on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Jefferies Financial Group increased 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 upped their price target on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 21st. Finally, StockNews.com raised Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a research note on Monday. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $92.75.

About Agnico Eagle Mines

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.