Rossby Financial LCC Makes New Investment in Agnico Eagle Mines Limited (NYSE:AEM)

Rossby Financial LCC purchased a new position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 9,062 shares of the mining company’s stock, valued at approximately $709,000.

Several other institutional investors also recently modified their holdings of the business. Versant Capital Management Inc purchased a new stake in Agnico Eagle Mines in the fourth quarter worth about $26,000. Smartleaf Asset Management LLC lifted its position in Agnico Eagle Mines by 859.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock valued at $28,000 after acquiring an additional 318 shares in the last quarter. Decker Retirement Planning Inc. purchased a new stake in Agnico Eagle Mines during the 4th quarter valued at $29,000. Fifth Third Bancorp increased its holdings in shares of Agnico Eagle Mines by 176.9% in the 4th quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock worth $32,000 after purchasing an additional 260 shares in the last quarter. Finally, Duncker Streett & Co. Inc. raised its stake in shares of Agnico Eagle Mines by 37.3% in the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock worth $32,000 after purchasing an additional 112 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AEM has been the topic of several recent analyst reports. Bank of America increased their price objective on Agnico Eagle Mines from $119.00 to $142.00 and gave the company a “buy” rating in a research report on Tuesday, April 8th. Jefferies Financial Group raised their price target on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a report on Tuesday, January 7th. Raymond James boosted their price objective on shares of Agnico Eagle Mines from $105.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, April 4th. StockNews.com downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. Finally, Stifel Canada raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Wednesday, March 19th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Agnico Eagle Mines presently has an average rating of “Buy” and an average price target of $111.90.

Agnico Eagle Mines Price Performance

Shares of Agnico Eagle Mines stock opened at $117.73 on Monday. 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’s fifty day moving average is $101.63 and its 200 day moving average is $89.82. The stock has a market cap of $59.25 billion, a P/E ratio of 31.14, a P/E/G ratio of 0.66 and a beta of 0.87. Agnico Eagle Mines Limited has a one year low of $60.15 and a one year high of $119.22.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued 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%. 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 business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Friday, February 28th. Agnico Eagle Mines’s payout ratio is 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.