Andra AP fonden Increases Position in Agnico Eagle Mines Limited (NYSE:AEM)

Andra AP fonden lifted its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 21.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 92,422 shares of the mining company’s stock after purchasing an additional 16,400 shares during the period. Andra AP fonden’s holdings in Agnico Eagle Mines were worth $7,228,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc acquired a new position in shares of Agnico Eagle Mines during the 4th quarter worth about $26,000. Smartleaf Asset Management LLC lifted its stake in Agnico Eagle Mines by 859.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock worth $28,000 after purchasing an additional 318 shares during the last quarter. Decker Retirement Planning Inc. acquired a new position in Agnico Eagle Mines in the fourth quarter valued at approximately $29,000. 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 during the last quarter. Finally, Duncker Streett & Co. Inc. raised its holdings in Agnico Eagle Mines by 37.3% during the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock worth $32,000 after purchasing an additional 112 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Up 1.0 %

Shares of AEM stock opened at $98.85 on Friday. The company has a market capitalization of $49.71 billion, a P/E ratio of 26.15, a price-to-earnings-growth 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. The business’s 50 day moving average is $91.32 and its two-hundred day moving average is $85.38. Agnico Eagle Mines Limited has a twelve month low of $54.02 and a twelve month high of $101.45.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data 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 net margin of 22.88% and a return on equity of 10.45%. Equities analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.60 annualized dividend and a yield of 1.62%. Agnico Eagle Mines’s dividend payout ratio is currently 42.33%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AEM shares. StockNews.com cut shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. Scotiabank raised their price objective on Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. Jefferies Financial Group boosted their target price on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a report on Tuesday, January 7th. TD Securities dropped their price target on Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Finally, Raymond James set a $105.00 price objective on Agnico Eagle Mines and gave the company an “outperform” rating in a research note on Tuesday, February 4th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.