Proficio Capital Partners LLC Makes New Investment in Agnico Eagle Mines Limited (NYSE:AEM)

Proficio Capital Partners LLC purchased a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,402 shares of the mining company’s stock, valued at approximately $814,000.

A number of other large investors also recently made changes to their positions in AEM. Versant Capital Management Inc purchased a new position in shares of Agnico Eagle Mines during the 4th quarter worth $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of Agnico Eagle Mines during the 4th quarter worth $29,000. Fifth Third Bancorp increased its holdings in shares of Agnico Eagle Mines by 176.9% during the 4th quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock worth $32,000 after buying an additional 260 shares during the last quarter. Montag A & Associates Inc. increased its holdings in shares of Agnico Eagle Mines by 85.2% during the 4th quarter. Montag A & Associates Inc. now owns 500 shares of the mining company’s stock worth $39,000 after buying an additional 230 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Agnico Eagle Mines during the 4th quarter worth $39,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Price Performance

NYSE AEM opened at $98.85 on Friday. Agnico Eagle Mines Limited has a 12 month low of $54.02 and a 12 month 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 $49.71 billion, a PE ratio of 26.15, a P/E/G ratio of 0.66 and a beta of 1.00. The company’s 50 day simple moving average is $91.32 and its 200 day simple moving average is $85.38.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Thursday, February 13th. The mining company reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. As a group, equities research analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.62%. Agnico Eagle Mines’s dividend payout ratio is presently 42.33%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. TD Securities dropped their price objective 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. Raymond James set a $105.00 price objective on Agnico Eagle Mines and gave the stock an “outperform” rating in a report on Tuesday, February 4th. Royal Bank of Canada upped their price objective on Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Jefferies Financial Group upped their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a report on Tuesday, January 7th. Finally, Scotiabank upped their price objective on Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Agnico Eagle Mines currently has an average rating of “Moderate Buy” and an average target price of $95.78.

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.