16,343 Shares in Agnico Eagle Mines Limited (NYSE:AEM) Purchased by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the 4th quarter, HoldingsChannel reports. The firm bought 16,343 shares of the mining company’s stock, valued at approximately $1,278,000.

A number of other institutional investors have also added to or reduced their stakes in AEM. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Agnico Eagle Mines during the fourth quarter valued at approximately $34,000. Andra AP fonden lifted its holdings in Agnico Eagle Mines by 21.6% during the fourth quarter. Andra AP fonden now owns 92,422 shares of the mining company’s stock worth $7,228,000 after buying an additional 16,400 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in Agnico Eagle Mines during the fourth quarter worth $5,439,000. Candriam S.C.A. boosted its position in Agnico Eagle Mines by 13.6% during the 4th quarter. Candriam S.C.A. now owns 11,608 shares of the mining company’s stock valued at $908,000 after acquiring an additional 1,392 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Agnico Eagle Mines in the 4th quarter valued at $52,503,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Up 1.0 %

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 fifty day simple moving average of $91.32 and a two-hundred day simple moving average of $85.38. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The stock has a market cap of $49.71 billion, a P/E ratio of 26.15, a P/E/G ratio of 0.66 and a beta of 1.00.

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 return on equity of 10.45% and a net margin of 22.88%. On average, analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio (DPR) is 42.33%.

Wall Street Analyst Weigh In

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

Agnico Eagle Mines 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.