Agnico Eagle Mines Limited (NYSE:AEM) Shares Acquired by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC boosted its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 7.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,994 shares of the mining company’s stock after purchasing an additional 197 shares during the period. Insigneo Advisory Services LLC’s holdings in Agnico Eagle Mines were worth $234,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Versant Capital Management Inc purchased a new stake in shares of Agnico Eagle Mines during the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC grew its position in Agnico Eagle Mines by 859.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock valued at $28,000 after acquiring an additional 318 shares in the last quarter. Decker Retirement Planning Inc. purchased a new stake in shares of Agnico Eagle Mines during the fourth quarter valued at approximately $29,000. Fifth Third Bancorp lifted its position in shares of Agnico Eagle Mines by 176.9% during the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock worth $32,000 after purchasing an additional 260 shares in the last quarter. Finally, Duncker Streett & Co. Inc. boosted its stake in shares of Agnico Eagle Mines by 37.3% in 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 period. 68.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AEM has been the topic of several analyst reports. UBS Group lifted their price target on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, April 11th. Stifel Canada upgraded Agnico Eagle Mines to a “strong-buy” rating in a research note on Wednesday, March 19th. Royal Bank of Canada raised their price objective on Agnico Eagle Mines from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, April 4th. Jefferies Financial Group upped their target price on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a research report on Tuesday, January 7th. Finally, 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 report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $124.40.

Agnico Eagle Mines Stock Performance

Shares of AEM stock opened at $121.58 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. The business has a 50 day moving average of $103.84 and a two-hundred day moving average of $91.07. The company has a market cap of $61.19 billion, a P/E ratio of 32.16, a PEG ratio of 0.66 and a beta of 0.87. Agnico Eagle Mines Limited has a 52 week low of $61.56 and a 52 week high of $125.94.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its 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%. As a group, analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.40 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.60 annualized dividend and a dividend yield of 1.32%. Agnico Eagle Mines’s payout ratio is currently 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.