Kestra Private Wealth Services LLC Buys 1,515 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Kestra Private Wealth Services LLC increased its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 23.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,929 shares of the mining company’s stock after buying an additional 1,515 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Agnico Eagle Mines were worth $620,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. FMR LLC boosted its stake in shares of Agnico Eagle Mines by 43.5% in the 3rd quarter. FMR LLC now owns 15,061,244 shares of the mining company’s stock valued at $1,213,311,000 after purchasing an additional 4,562,005 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Agnico Eagle Mines by 16.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,892,898 shares of the mining company’s stock worth $474,660,000 after buying an additional 817,240 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Agnico Eagle Mines by 262.5% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,060,402 shares of the mining company’s stock worth $85,413,000 after buying an additional 767,912 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Agnico Eagle Mines by 17.1% in the third quarter. The Manufacturers Life Insurance Company now owns 4,051,140 shares of the mining company’s stock valued at $326,571,000 after acquiring an additional 591,178 shares during the last quarter. Finally, National Bank of Canada FI boosted its holdings in shares of Agnico Eagle Mines by 7.4% in the 3rd quarter. National Bank of Canada FI now owns 4,155,349 shares of the mining company’s stock worth $334,749,000 after acquiring an additional 285,565 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on AEM. Scotiabank lifted their target price on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. Royal Bank of Canada increased their target price on 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, Jefferies Financial Group boosted their target price on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $92.75.

Agnico Eagle Mines Stock Performance

Shares of AEM stock opened at $95.75 on Friday. The company has a market capitalization of $48.09 billion, a P/E ratio of 47.87, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10. Agnico Eagle Mines Limited has a 52 week low of $45.75 and a 52 week high of $101.45. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 1.75. The company’s 50 day moving average price is $86.51 and its two-hundred day moving average price is $83.22.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its earnings results on Thursday, February 13th. The mining company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a return on equity of 8.88% and a net margin of 12.86%. On average, analysts expect that Agnico Eagle Mines Limited will post 4.14 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The company 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. This represents a $1.60 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Friday, February 28th. Agnico Eagle Mines’s payout ratio is 80.00%.

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.