Argentarii LLC Takes Position in Agnico Eagle Mines Limited (NYSE:AEM)

Argentarii LLC acquired a new stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the fourth quarter, Holdings Channel reports. The firm acquired 7,936 shares of the mining company’s stock, valued at approximately $621,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Scheer Rowlett & Associates Investment Management Ltd. grew its holdings in Agnico Eagle Mines by 3.6% during the 4th quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 4,976 shares of the mining company’s stock worth $389,000 after acquiring an additional 171 shares during the period. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Agnico Eagle Mines during the 4th quarter worth about $1,278,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Agnico Eagle Mines in the 4th quarter valued at about $34,000. Andra AP fonden grew its stake in shares of Agnico Eagle Mines by 21.6% in the 4th quarter. Andra AP fonden now owns 92,422 shares of the mining company’s stock valued at $7,228,000 after buying an additional 16,400 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Agnico Eagle Mines in the 4th quarter valued at about $5,439,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the company. StockNews.com downgraded Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. Scotiabank raised their target price on 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. Raymond James set a $105.00 target price on Agnico Eagle Mines and gave the company an “outperform” rating in a research note on Tuesday, February 4th. TD Securities dropped their price target on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Finally, Royal Bank of Canada raised 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 report on Tuesday, February 11th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Agnico Eagle Mines has an average rating of “Moderate Buy” and a consensus price target of $95.78.

Agnico Eagle Mines Trading Up 1.0 %

Shares of NYSE AEM opened at $98.85 on Friday. The company has a market cap of $49.71 billion, a PE ratio of 26.15, a P/E/G ratio of 0.66 and a beta of 1.00. The firm’s 50 day moving average price is $91.32 and its 200-day moving average price is $85.38. Agnico Eagle Mines Limited has a 52-week low of $54.02 and a 52-week high of $101.45. 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) (TSE:AEM) last issued its quarterly earnings data on Thursday, February 13th. The mining company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. On average, equities research analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.40 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.62%. 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.