Whipplewood Advisors LLC Takes Position in Agnico Eagle Mines Limited (NYSE:AEM)

Whipplewood Advisors LLC acquired a new position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 500 shares of the mining company’s stock, valued at approximately $39,000.

Several other hedge funds have also recently bought and sold shares of AEM. Pinnacle Wealth Management Group Inc. boosted its stake in shares of Agnico Eagle Mines by 0.5% during the 4th quarter. Pinnacle Wealth Management Group Inc. now owns 24,407 shares of the mining company’s stock worth $1,909,000 after acquiring an additional 125 shares in the last quarter. Diversify Wealth Management LLC boosted its holdings in Agnico Eagle Mines by 2.1% during the fourth quarter. Diversify Wealth Management LLC now owns 6,753 shares of the mining company’s stock valued at $569,000 after acquiring an additional 141 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in Agnico Eagle Mines by 34.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the mining company’s stock valued at $51,000 after purchasing an additional 165 shares during the period. Tectonic Advisors LLC grew its stake in shares of Agnico Eagle Mines by 0.8% in the fourth quarter. Tectonic Advisors LLC now owns 22,640 shares of the mining company’s stock worth $1,771,000 after acquiring an additional 185 shares during the last quarter. Finally, Scheer Rowlett & Associates Investment Management Ltd. grew its position in Agnico Eagle Mines by 4.3% in the 3rd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 4,805 shares of the mining company’s stock worth $387,000 after purchasing an additional 200 shares during the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Trading Up 1.4 %

AEM opened at $96.43 on Friday. The firm has a 50 day simple moving average of $89.44 and a 200 day simple moving average of $84.75. The company has a market cap of $48.50 billion, a price-to-earnings ratio of 25.51, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10. Agnico Eagle Mines Limited has a fifty-two week low of $47.73 and a fifty-two week 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.

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 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%. On average, sell-side analysts anticipate 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 will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.66%. The ex-dividend date is Friday, February 28th. Agnico Eagle Mines’s payout ratio is 42.33%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Royal Bank of Canada raised their price objective on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Raymond James set a $105.00 price objective on Agnico Eagle Mines and gave the company an “outperform” rating in a research report on Tuesday, February 4th. StockNews.com cut Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. TD Securities cut their price target on Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Finally, Jefferies Financial Group increased their price objective on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a report on Tuesday, January 7th. One investment 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 stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.78.

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.