Whipplewood Advisors LLC Makes New Investment in Agnico Eagle Mines Limited (NYSE:AEM)

Whipplewood Advisors LLC acquired a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 500 shares of the mining company’s stock, valued at approximately $39,000.

Several other institutional investors and hedge funds have also modified their holdings of AEM. Denali Advisors LLC lifted its stake in Agnico Eagle Mines by 51.2% in the fourth quarter. Denali Advisors LLC now owns 51,618 shares of the mining company’s stock valued at $4,036,000 after buying an additional 17,487 shares in the last quarter. Sprott Inc. raised its holdings in shares of Agnico Eagle Mines by 2.2% during the fourth quarter. Sprott Inc. now owns 1,136,240 shares of the mining company’s stock worth $88,859,000 after acquiring an additional 24,976 shares during the period. Avalon Capital Management lifted its position in Agnico Eagle Mines by 57.8% in the 4th quarter. Avalon Capital Management now owns 10,051 shares of the mining company’s stock valued at $786,000 after acquiring an additional 3,680 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Agnico Eagle Mines by 7.4% in the 4th quarter. Bank of New York Mellon Corp now owns 479,600 shares of the mining company’s stock worth $37,510,000 after purchasing an additional 32,961 shares during the period. Finally, IFP Advisors Inc increased its holdings in Agnico Eagle Mines by 6.0% during the 4th quarter. IFP Advisors Inc now owns 4,709 shares of the mining company’s stock worth $368,000 after purchasing an additional 266 shares in the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Performance

NYSE AEM opened at $96.43 on Friday. The firm’s fifty day moving average price is $89.44 and its two-hundred day moving average price is $84.75. Agnico Eagle Mines Limited has a 1 year low of $47.73 and a 1 year high of $101.45. The firm has a market capitalization of $48.50 billion, a P/E ratio of 25.51, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10. 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 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 net margin of 22.88% and a return on equity of 10.45%. As a group, research analysts anticipate 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. The ex-dividend date is Friday, February 28th. This represents a $1.60 annualized dividend and a dividend yield of 1.66%. Agnico Eagle Mines’s dividend payout ratio is currently 42.33%.

Wall Street Analysts Forecast Growth

AEM has been the topic of a number of research reports. Raymond James set a $105.00 price target on Agnico Eagle Mines and gave the company an “outperform” rating in a report on Tuesday, February 4th. 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 research note on Tuesday, January 7th. StockNews.com cut shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. Royal Bank of Canada boosted their price objective on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Finally, TD Securities reduced their target price on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Agnico Eagle Mines currently has an average rating of “Moderate Buy” and an average price target 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.