11,706 Shares in Agnico Eagle Mines Limited (NYSE:AEM) Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC bought a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,706 shares of the mining company’s stock, valued at approximately $916,000.

Several other large investors have also added to or reduced their stakes in AEM. Principal Financial Group Inc. boosted its holdings in Agnico Eagle Mines by 1.4% during the third quarter. Principal Financial Group Inc. now owns 21,822 shares of the mining company’s stock worth $1,760,000 after purchasing an additional 302 shares during the last quarter. Assetmark Inc. boosted its holdings in Agnico Eagle Mines by 30.6% during the third quarter. Assetmark Inc. now owns 2,363 shares of the mining company’s stock worth $190,000 after purchasing an additional 554 shares during the last quarter. Atria Investments Inc acquired a new position in Agnico Eagle Mines during the third quarter worth $239,000. Sigma Planning Corp acquired a new position in Agnico Eagle Mines during the third quarter worth $208,000. Finally, Kovack Advisors Inc. acquired a new position in Agnico Eagle Mines during the third quarter worth $224,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Wall Street Analysts Forecast Growth

AEM has been the topic of several analyst reports. 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 dropped their price target on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Jefferies Financial Group upped their price target 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. Royal Bank of Canada upped their price target 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, Raymond James set a $105.00 price target on shares of Agnico Eagle Mines and gave the stock an “outperform” rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.78.

Agnico Eagle Mines Price Performance

Shares of AEM opened at $103.65 on Friday. The firm has a market capitalization of $52.13 billion, a PE ratio of 27.42, a PEG ratio of 0.66 and a beta of 1.00. The company’s 50-day moving average is $93.47 and its 200-day moving average is $86.03. Agnico Eagle Mines Limited has a fifty-two week low of $54.02 and a fifty-two week high of $104.45. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings results on Thursday, February 13th. The mining company reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. Equities analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date was Friday, February 28th. Agnico Eagle Mines’s dividend 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.