Agnico Eagle Mines Limited (NYSE:AEM) Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC lifted its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,796 shares of the mining company’s stock after acquiring an additional 353 shares during the period. Farther Finance Advisors LLC’s holdings in Agnico Eagle Mines were worth $375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in AEM. Principal Financial Group Inc. boosted its stake in shares of Agnico Eagle Mines by 1.4% in the third quarter. Principal Financial Group Inc. now owns 21,822 shares of the mining company’s stock worth $1,760,000 after acquiring an additional 302 shares during the last quarter. Atria Investments Inc acquired a new stake in shares of Agnico Eagle Mines in the third quarter worth approximately $239,000. Sigma Planning Corp acquired a new stake in shares of Agnico Eagle Mines in the third quarter worth approximately $208,000. Huntington National Bank boosted its stake in Agnico Eagle Mines by 261.4% during the third quarter. Huntington National Bank now owns 1,424 shares of the mining company’s stock worth $115,000 after buying an additional 1,030 shares during the last quarter. Finally, Empowered Funds LLC boosted its stake in Agnico Eagle Mines by 3.0% during the third quarter. Empowered Funds LLC now owns 43,464 shares of the mining company’s stock worth $3,501,000 after buying an additional 1,251 shares during the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Price Performance

AEM opened at $105.46 on Tuesday. The stock’s 50-day moving average price is $93.99 and its 200 day moving average price is $86.23. Agnico Eagle Mines Limited has a 12-month low of $54.02 and a 12-month high of $105.63. The firm has a market cap of $53.04 billion, a price-to-earnings ratio of 27.90, a PEG ratio of 0.66 and a beta of 1.00. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06.

Agnico Eagle Mines (NYSE:AEM) (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, sell-side analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Friday, February 28th. Agnico Eagle Mines’s payout ratio is 42.33%.

Analyst Ratings Changes

AEM has been the topic of a number of recent research reports. StockNews.com lowered Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. Jefferies Financial Group boosted their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th. Raymond James set a $105.00 price objective on Agnico Eagle Mines and gave the stock an “outperform” rating in a research note on Tuesday, February 4th. Royal Bank of Canada boosted their price objective on Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Finally, Scotiabank lifted their target price 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. One equities research 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, the company has a consensus rating of “Moderate Buy” and an average price target of $95.78.

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.