IFP Advisors Inc Raises Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

IFP Advisors Inc lifted its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 6.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,709 shares of the mining company’s stock after acquiring an additional 266 shares during the period. IFP Advisors Inc’s holdings in Agnico Eagle Mines were worth $368,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Y Intercept Hong Kong Ltd grew its stake in shares of Agnico Eagle Mines by 86.6% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 8,292 shares of the mining company’s stock worth $649,000 after acquiring an additional 3,848 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in Agnico Eagle Mines in the fourth quarter valued at approximately $602,000. Pekin Hardy Strauss Inc. boosted its position in Agnico Eagle Mines by 1.8% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 84,882 shares of the mining company’s stock valued at $6,639,000 after buying an additional 1,472 shares during the last quarter. Navellier & Associates Inc. boosted its position in Agnico Eagle Mines by 10.7% in the fourth quarter. Navellier & Associates Inc. now owns 63,855 shares of the mining company’s stock valued at $4,994,000 after buying an additional 6,183 shares during the last quarter. Finally, Leuthold Group LLC purchased a new stake in Agnico Eagle Mines in the fourth quarter valued at approximately $3,930,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Up 1.4 %

Shares of NYSE:AEM opened at $96.43 on Friday. Agnico Eagle Mines Limited has a 12-month low of $47.73 and a 12-month high of $101.45. The company has a market capitalization of $48.50 billion, a PE ratio of 25.51, a PEG ratio of 0.66 and a beta of 1.10. The business has a 50 day moving average of $89.44 and a two-hundred day moving average of $84.75. 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 announced 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 forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Friday, February 28th. Agnico Eagle Mines’s payout ratio is 42.33%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AEM. TD Securities dropped their target price on 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. 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. StockNews.com lowered Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. Raymond James set a $105.00 target price on Agnico Eagle Mines and gave the company an “outperform” rating in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada boosted their price target on Agnico Eagle Mines from $96.00 to $105.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.78.

Agnico Eagle Mines Company 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.