Bank Julius Baer & Co. Ltd Zurich Makes New $34,000 Investment in Agnico Eagle Mines Limited (NYSE:AEM)

Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the 4th quarter, Holdings Channel.com reports. The fund purchased 441 shares of the mining company’s stock, valued at approximately $34,000.

A number of other hedge funds also recently made changes to their positions in the business. Andra AP fonden increased its stake in Agnico Eagle Mines by 21.6% in the fourth quarter. Andra AP fonden now owns 92,422 shares of the mining company’s stock valued at $7,228,000 after acquiring an additional 16,400 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of Agnico Eagle Mines in the 4th quarter valued at approximately $5,439,000. Candriam S.C.A. raised its holdings in shares of Agnico Eagle Mines by 13.6% in the 4th quarter. Candriam S.C.A. now owns 11,608 shares of the mining company’s stock worth $908,000 after buying an additional 1,392 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Agnico Eagle Mines during the 4th quarter worth approximately $52,503,000. Finally, Proficio Capital Partners LLC acquired a new stake in Agnico Eagle Mines in the 4th quarter valued at $814,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AEM. Raymond James set a $105.00 price objective on Agnico Eagle Mines and gave the stock an “outperform” rating in a research note on Tuesday, February 4th. Royal Bank of Canada increased 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 report on Tuesday, February 11th. StockNews.com lowered shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. TD Securities decreased their price objective on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Finally, Scotiabank lifted their target price on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Agnico Eagle Mines currently has a consensus rating of “Moderate Buy” and an average target price of $95.78.

Agnico Eagle Mines Price Performance

Shares of AEM stock opened at $100.54 on Wednesday. Agnico Eagle Mines Limited has a 1 year low of $54.02 and a 1 year high of $101.81. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The firm’s 50 day moving average is $92.15 and its 200-day moving average is $85.63. The firm has a market capitalization of $50.56 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 0.66 and a beta of 1.00.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data 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 return on equity of 10.45% and a net margin of 22.88%. Sell-side analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.40 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.59%. 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.