LGT Group Foundation Acquires 11,570 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

LGT Group Foundation boosted its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 10.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,595 shares of the mining company’s stock after purchasing an additional 11,570 shares during the period. LGT Group Foundation’s holdings in Agnico Eagle Mines were worth $9,657,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in AEM. Versant Capital Management Inc bought a new position in Agnico Eagle Mines in the fourth quarter valued at $26,000. Smartleaf Asset Management LLC grew its position in Agnico Eagle Mines by 859.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock valued at $28,000 after purchasing an additional 318 shares in the last quarter. Decker Retirement Planning Inc. bought a new position in Agnico Eagle Mines in the fourth quarter valued at $29,000. Fifth Third Bancorp grew its position in Agnico Eagle Mines by 176.9% in the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock valued at $32,000 after purchasing an additional 260 shares in the last quarter. Finally, Duncker Streett & Co. Inc. lifted its stake in Agnico Eagle Mines by 37.3% in the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock valued at $32,000 after acquiring an additional 112 shares during the last quarter. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Performance

NYSE AEM opened at $96.43 on Monday. The firm has a 50-day moving average of $89.44 and a 200-day moving average of $84.80. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86. The stock has a market cap of $48.50 billion, a PE ratio of 25.51, a P/E/G ratio of 0.66 and a beta of 1.10. Agnico Eagle Mines Limited has a 52-week low of $47.73 and a 52-week high of $101.45.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted 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 return on equity of 10.45% and a net margin of 22.88%. On average, sell-side analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio is currently 42.33%.

Analyst Ratings Changes

A number of brokerages have commented on AEM. StockNews.com cut shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. TD Securities cut their price target on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Scotiabank increased their price target on shares of 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. Royal Bank of Canada increased their price target on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Finally, Raymond James set a $105.00 price target on shares of Agnico Eagle Mines and gave the company an “outperform” rating in a research note on Tuesday, February 4th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $95.78.

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.