Net Worth Advisory Group Makes New Investment in Agnico Eagle Mines Limited (NYSE:AEM)

Net Worth Advisory Group bought a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,852 shares of the mining company’s stock, valued at approximately $223,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc bought a new position in Agnico Eagle Mines during the 4th quarter worth about $26,000. Smartleaf Asset Management LLC lifted its position in shares of Agnico Eagle Mines by 859.5% in the 4th 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 period. Decker Retirement Planning Inc. bought a new position in shares of Agnico Eagle Mines during the fourth quarter valued at approximately $29,000. Fifth Third Bancorp increased its holdings in Agnico Eagle Mines by 176.9% during the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock valued at $32,000 after buying an additional 260 shares during the period. Finally, Duncker Streett & Co. Inc. raised its stake in Agnico Eagle Mines by 37.3% in the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock worth $32,000 after buying an additional 112 shares in the last quarter. Institutional investors own 68.34% of the company’s stock.

Wall Street Analyst Weigh In

AEM has been the topic of several recent research reports. Royal Bank of Canada increased their target price on Agnico Eagle Mines from $96.00 to $105.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. TD Securities dropped their price objective 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 lifted their target price on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a research note on Tuesday, January 7th. Raymond James set a $105.00 price target on Agnico Eagle Mines and gave the company an “outperform” rating in a research note on Tuesday, February 4th. Finally, Scotiabank raised their price target 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. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Agnico Eagle Mines currently has a consensus rating of “Moderate Buy” and an average price target of $95.78.

Agnico Eagle Mines Trading Up 3.6 %

Agnico Eagle Mines stock opened at $100.54 on Wednesday. The stock has a 50-day moving average price of $92.15 and a 200 day moving average price of $85.63. The company has a market capitalization of $50.56 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 0.66 and a beta of 1.00. Agnico Eagle Mines Limited has a 52 week low of $54.02 and a 52 week high of $101.81. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Thursday, February 13th. The mining company reported $1.26 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%. Sell-side analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.59%. The ex-dividend date is Friday, February 28th. Agnico Eagle Mines’s payout ratio is 42.33%.

About Agnico Eagle Mines

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.