Agnico Eagle Mines Limited (NYSE:AEM) Shares Purchased by Montag A & Associates Inc.

Montag A & Associates Inc. boosted its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 85.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 500 shares of the mining company’s stock after purchasing an additional 230 shares during the period. Montag A & Associates Inc.’s holdings in Agnico Eagle Mines were worth $39,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc purchased a new position in shares of Agnico Eagle Mines in the fourth quarter valued at approximately $26,000. Decker Retirement Planning Inc. acquired a new stake in Agnico Eagle Mines during the 4th quarter worth approximately $29,000. FSC Wealth Advisors LLC purchased a new position in Agnico Eagle Mines in the 3rd quarter valued at approximately $32,000. Fifth Third Bancorp grew its stake in shares of Agnico Eagle Mines by 176.9% in the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock worth $32,000 after acquiring an additional 260 shares in the last quarter. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of Agnico Eagle Mines during the third quarter worth $48,000. 68.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Jefferies Financial Group boosted their target price on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th. Royal Bank of Canada upped their target price on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. StockNews.com upgraded shares of Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a research note on Monday. Finally, Scotiabank increased their price objective on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 21st. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $92.75.

Agnico Eagle Mines Stock Up 1.4 %

AEM stock opened at $97.20 on Wednesday. The stock has a market cap of $48.82 billion, a P/E ratio of 48.60, a PEG ratio of 0.66 and a beta of 1.10. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines Limited has a twelve month low of $47.73 and a twelve month high of $101.45. The company’s 50 day moving average is $86.99 and its two-hundred day moving average is $83.56.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results 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 return on equity of 8.88% and a net margin of 12.86%. Research analysts expect that Agnico Eagle Mines Limited will post 4.14 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Friday, February 28th. Agnico Eagle Mines’s payout ratio is currently 80.00%.

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.