1,688 Shares in Agnico Eagle Mines Limited (NYSE:AEM) Bought by Planned Solutions Inc.

Planned Solutions Inc. purchased a new position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the fourth quarter, HoldingsChannel reports. The firm purchased 1,688 shares of the mining company’s stock, valued at approximately $93,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Agnico Eagle Mines by 96.5% during the first quarter. Vanguard Group Inc. now owns 15,067,317 shares of the mining company’s stock valued at $922,721,000 after acquiring an additional 7,399,467 shares during the last quarter. Norges Bank acquired a new stake in shares of Agnico Eagle Mines in the fourth quarter worth $285,370,000. Invesco Ltd. lifted its holdings in shares of Agnico Eagle Mines by 57.5% in the 1st quarter. Invesco Ltd. now owns 3,884,284 shares of the mining company’s stock valued at $237,874,000 after buying an additional 1,417,607 shares during the period. Mackenzie Financial Corp raised its position in shares of Agnico Eagle Mines by 13.9% in the fourth quarter. Mackenzie Financial Corp now owns 9,852,941 shares of the mining company’s stock worth $511,175,000 after acquiring an additional 1,199,348 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of Agnico Eagle Mines by 8.6% in the third quarter. The Manufacturers Life Insurance Company now owns 8,380,993 shares of the mining company’s stock valued at $383,555,000 after purchasing an additional 665,356 shares during the period. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Up 3.2 %

Shares of NYSE AEM opened at $57.85 on Thursday. The firm has a fifty day moving average of $50.83 and a 200-day moving average of $50.31. The stock has a market capitalization of $28.81 billion, a PE ratio of 14.08, a P/E/G ratio of 24.36 and a beta of 1.03. The company has a quick ratio of 0.74, a current ratio of 2.09 and a debt-to-equity ratio of 0.10. Agnico Eagle Mines Limited has a 52-week low of $43.22 and a 52-week high of $61.15.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Friday, February 16th. The mining company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.48 by $0.09. Agnico Eagle Mines had a return on equity of 5.54% and a net margin of 29.29%. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the prior year, the business posted $0.41 EPS. The business’s revenue was up 26.9% on a year-over-year basis. On average, analysts anticipate that Agnico Eagle Mines Limited will post 2.3 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.40 dividend. The ex-dividend date was Thursday, February 29th. This represents a $1.60 annualized dividend and a dividend yield of 2.77%. Agnico Eagle Mines’s dividend payout ratio is currently 38.93%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on AEM shares. CIBC lowered their price objective on Agnico Eagle Mines from $72.00 to $69.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. Raymond James upped their price objective on Agnico Eagle Mines from $66.00 to $71.00 and gave the stock an “outperform” rating in a research report on Friday, January 12th. National Bank Financial reiterated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research note on Wednesday, January 3rd. Jefferies Financial Group started coverage on shares of Agnico Eagle Mines in a report on Thursday, February 29th. They issued a “hold” rating and a $54.00 target price for the company. Finally, TD Securities decreased their price objective on Agnico Eagle Mines from $64.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Agnico Eagle Mines currently has a consensus rating of “Moderate Buy” and an average price target of $63.71.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. 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.