Agnico Eagle Mines Limited (NYSE:AEM) Shares Purchased by Savant Capital LLC

Savant Capital LLC increased its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 23.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,713 shares of the mining company’s stock after buying an additional 711 shares during the period. Savant Capital LLC’s holdings in Agnico Eagle Mines were worth $290,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new stake in shares of Agnico Eagle Mines in the fourth quarter valued at approximately $26,000. Decker Retirement Planning Inc. acquired a new position in shares of Agnico Eagle Mines during the 4th quarter valued at $29,000. FSC Wealth Advisors LLC purchased a new stake in Agnico Eagle Mines during the 3rd quarter worth $32,000. Fifth Third Bancorp increased its holdings in Agnico Eagle Mines by 176.9% in the 4th 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, Hobbs Group Advisors LLC acquired a new position in Agnico Eagle Mines during the 3rd quarter worth approximately $48,000. 68.34% of the stock is owned by hedge funds and other institutional investors.

Agnico Eagle Mines Price Performance

Shares of NYSE:AEM opened at $97.20 on Wednesday. The company has a market cap of $48.82 billion, a P/E ratio of 48.60, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10. The company’s fifty day moving average is $86.99 and its two-hundred day moving average is $83.56. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines Limited has a 12-month low of $47.73 and a 12-month high of $101.45.

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 analysts’ consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a net margin of 12.86% and a return on equity of 8.88%. Equities 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 business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.60 annualized dividend and a yield of 1.65%. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 80.00%.

Analysts Set New Price Targets

A number of research analysts recently commented on AEM shares. Jefferies Financial Group increased their price target on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a report on Tuesday, January 7th. StockNews.com raised Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a report on Monday. Royal Bank of Canada raised their target price on Agnico Eagle Mines from $96.00 to $105.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Finally, Scotiabank upped their target price on Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $92.75.

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.