HighPoint Advisor Group LLC Purchases New Stake in Agnico Eagle Mines Limited (NYSE:AEM)

HighPoint Advisor Group LLC acquired a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,214 shares of the mining company’s stock, valued at approximately $251,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Captrust Financial Advisors boosted its position in shares of Agnico Eagle Mines by 7.0% during the 3rd quarter. Captrust Financial Advisors now owns 5,316 shares of the mining company’s stock valued at $428,000 after acquiring an additional 349 shares during the last quarter. Verition Fund Management LLC purchased a new position in Agnico Eagle Mines during the third quarter worth about $333,000. Benjamin Edwards Inc. acquired a new position in Agnico Eagle Mines in the 3rd quarter valued at about $432,000. Hilltop Holdings Inc. grew its stake in shares of Agnico Eagle Mines by 42.6% in the 3rd quarter. Hilltop Holdings Inc. now owns 7,042 shares of the mining company’s stock valued at $567,000 after buying an additional 2,102 shares during the period. Finally, HighTower Advisors LLC increased its holdings in shares of Agnico Eagle Mines by 10.8% during the 3rd quarter. HighTower Advisors LLC now owns 50,066 shares of the mining company’s stock worth $4,035,000 after buying an additional 4,865 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Performance

Shares of AEM stock opened at $108.41 on Friday. Agnico Eagle Mines Limited has a 52 week low of $60.15 and a 52 week high of $111.04. The firm has a 50 day moving average of $99.58 and a two-hundred day moving average of $88.55. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $54.53 billion, a PE ratio of 28.68, a P/E/G ratio of 0.66 and a beta of 0.87.

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 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid 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 1.48%. Agnico Eagle Mines’s payout ratio is 42.33%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. StockNews.com cut Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. Stifel Canada upgraded 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 company an “outperform” rating in a report on Tuesday, February 4th. UBS Group lowered shares of Agnico Eagle Mines from a “buy” rating to a “neutral” rating and increased their target price for the stock from $100.00 to $110.00 in a research note on Monday. Finally, TD Securities reduced 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 note on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Agnico Eagle Mines has an average rating of “Buy” and a consensus target price of $104.11.

Agnico Eagle Mines Company 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.