Prospector Partners LLC Has $4.66 Million Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Prospector Partners LLC boosted its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 0.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 59,544 shares of the mining company’s stock after purchasing an additional 512 shares during the period. Prospector Partners LLC’s holdings in Agnico Eagle Mines were worth $4,657,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Versant Capital Management Inc acquired a new stake in shares of Agnico Eagle Mines during the fourth quarter worth approximately $26,000. Smartleaf Asset Management LLC boosted its stake in shares of Agnico Eagle Mines by 859.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock valued at $28,000 after buying an additional 318 shares during the period. Decker Retirement Planning Inc. purchased a new position in shares of Agnico Eagle Mines during the 4th quarter valued at $29,000. Fifth Third Bancorp increased 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 during the last quarter. Finally, Duncker Streett & Co. Inc. increased its stake in shares of 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 acquiring an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on AEM shares. Citigroup boosted their target price on Agnico Eagle Mines from $100.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, March 31st. StockNews.com cut Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. Scotiabank raised 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. Jefferies Financial Group boosted their target price on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research report on Tuesday, January 7th. Finally, Raymond James raised their price target on shares of Agnico Eagle Mines from $105.00 to $130.00 and gave the company an “outperform” rating in a report on Friday. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of “Buy” and an average target price of $108.00.

Agnico Eagle Mines Trading Down 8.3 %

Shares of AEM opened at $99.45 on Friday. 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 stock has a market cap of $50.02 billion, a PE ratio of 26.31, a PEG ratio of 0.66 and a beta of 0.87. Agnico Eagle Mines Limited has a 1 year low of $60.15 and a 1 year high of $111.04. The stock has a 50 day simple moving average of $99.77 and a 200-day simple moving average of $88.71.

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 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%. On average, sell-side analysts predict 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 was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, February 28th. This represents a $1.60 annualized dividend and a yield of 1.61%. Agnico Eagle Mines’s dividend payout ratio is currently 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.