Global View Capital Management LLC Invests $882,000 in Agnico Eagle Mines Limited (NYSE:AEM)

Global View Capital Management LLC acquired a new position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,762 shares of the mining company’s stock, valued at approximately $882,000.

Several other hedge funds have also modified their holdings of the stock. Net Worth Advisory Group purchased a new stake in shares of Agnico Eagle Mines during the 4th quarter valued at about $223,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Agnico Eagle Mines by 19.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 229,812 shares of the mining company’s stock valued at $17,970,000 after buying an additional 36,640 shares during the period. NBT Bank N A NY raised its holdings in shares of Agnico Eagle Mines by 53.4% during the 4th quarter. NBT Bank N A NY now owns 10,374 shares of the mining company’s stock valued at $811,000 after buying an additional 3,610 shares during the period. Argentarii LLC purchased a new stake in shares of Agnico Eagle Mines during the 4th quarter valued at about $621,000. Finally, Scheer Rowlett & Associates Investment Management Ltd. raised its holdings in shares of Agnico Eagle Mines by 3.6% during the 4th quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 4,976 shares of the mining company’s stock valued at $389,000 after buying an additional 171 shares during the period. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. TD Securities dropped their price objective on Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Scotiabank lifted their price objective on Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. Jefferies Financial Group lifted their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a report on Tuesday, January 7th. StockNews.com downgraded Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. Finally, Royal Bank of Canada lifted their price objective on Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Agnico Eagle Mines currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.78.

Agnico Eagle Mines Price Performance

Shares of AEM opened at $96.93 on Tuesday. The firm has a market cap of $48.75 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 0.66 and a beta of 1.00. The stock has a 50 day moving average of $91.71 and a 200-day moving average of $85.50. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines Limited has a 52 week low of $54.02 and a 52 week high of $101.45.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its 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 10.45% and a net margin of 22.88%. As a group, analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The business 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 dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.65%. 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.