IFP Advisors Inc Acquires 266 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

IFP Advisors Inc raised its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 6.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,709 shares of the mining company’s stock after purchasing an additional 266 shares during the quarter. IFP Advisors Inc’s holdings in Agnico Eagle Mines were worth $368,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in AEM. Assenagon Asset Management S.A. lifted its position in shares of Agnico Eagle Mines by 12.9% during the third quarter. Assenagon Asset Management S.A. now owns 16,744 shares of the mining company’s stock worth $1,350,000 after purchasing an additional 1,916 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Agnico Eagle Mines by 53.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 22,607 shares of the mining company’s stock worth $1,821,000 after purchasing an additional 7,865 shares during the last quarter. First Trust Direct Indexing L.P. lifted its position in shares of Agnico Eagle Mines by 26.5% during the third quarter. First Trust Direct Indexing L.P. now owns 6,380 shares of the mining company’s stock worth $514,000 after purchasing an additional 1,337 shares during the last quarter. US Bancorp DE lifted its position in shares of Agnico Eagle Mines by 43.3% during the third quarter. US Bancorp DE now owns 6,595 shares of the mining company’s stock worth $531,000 after purchasing an additional 1,994 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its position in shares of Agnico Eagle Mines by 1,903.9% during the third quarter. Creative Financial Designs Inc. ADV now owns 2,545 shares of the mining company’s stock worth $205,000 after purchasing an additional 2,418 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AEM has been the subject of several research analyst reports. StockNews.com downgraded Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. Jefferies Financial Group lifted their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a report on Tuesday, January 7th. Scotiabank lifted their price objective on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. Royal Bank of Canada lifted their price objective on Agnico Eagle Mines from $96.00 to $105.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Finally, Raymond James set a $105.00 price objective on Agnico Eagle Mines and gave the company an “outperform” rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $95.78.

Agnico Eagle Mines Price Performance

AEM opened at $96.43 on Friday. The business’s 50-day moving average is $89.44 and its two-hundred day moving average is $84.75. Agnico Eagle Mines Limited has a 1 year low of $47.73 and a 1 year high of $101.45. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. The firm has a market capitalization of $48.50 billion, a PE ratio of 25.51, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10.

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 the consensus estimate of $1.70 by ($0.44). Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. Research analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.40 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.60 annualized dividend and a yield of 1.66%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 42.33%.

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.