Colrain Capital LLC Invests $1.82 Million in Agnico Eagle Mines Limited (NYSE:AEM)

Colrain Capital LLC purchased a new stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 23,300 shares of the mining company’s stock, valued at approximately $1,822,000. Agnico Eagle Mines makes up 1.8% of Colrain Capital LLC’s holdings, making the stock its 20th biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Agnico Eagle Mines during the 4th quarter worth $573,446,000. Arrowstreet Capital Limited Partnership increased its holdings in Agnico Eagle Mines by 81.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,051,473 shares of the mining company’s stock valued at $551,339,000 after buying an additional 3,155,927 shares in the last quarter. AGF Management Ltd. boosted its stake in shares of Agnico Eagle Mines by 184.6% during the 4th quarter. AGF Management Ltd. now owns 1,395,850 shares of the mining company’s stock worth $109,205,000 after acquiring an additional 905,328 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Agnico Eagle Mines by 3.6% during the 4th quarter. Van ECK Associates Corp now owns 22,322,859 shares of the mining company’s stock worth $1,745,858,000 after acquiring an additional 778,919 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Agnico Eagle Mines in the 4th quarter worth approximately $52,503,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Performance

NYSE AEM opened at $107.34 on Monday. 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 company has a market capitalization of $53.99 billion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 0.66 and a beta of 1.00. The business’s 50-day moving average price is $97.96 and its 200 day moving average price is $87.91. Agnico Eagle Mines Limited has a twelve month low of $60.15 and a twelve month high of $110.36.

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

Agnico Eagle Mines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.49%. Agnico Eagle Mines’s payout ratio is 42.33%.

Wall Street Analysts Forecast Growth

AEM has been the topic of a number of research analyst reports. 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 report on Tuesday, January 7th. TD Securities dropped their target price on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Stifel Canada raised shares of Agnico Eagle Mines to a “strong-buy” rating in a report on Wednesday, March 19th. Raymond James set a $105.00 price objective on shares of Agnico Eagle Mines and gave the stock an “outperform” rating in a research note on Tuesday, February 4th. Finally, Scotiabank upped their target price on 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 analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Agnico Eagle Mines currently has a consensus rating of “Buy” and a consensus price target of $95.78.

Agnico Eagle Mines Profile

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.