Saturna Capital Corp Acquires 3,664 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Saturna Capital Corp lifted its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 14.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,353 shares of the mining company’s stock after purchasing an additional 3,664 shares during the quarter. Saturna Capital Corp’s holdings in Agnico Eagle Mines were worth $2,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of AEM. Versant Capital Management Inc bought a new position in Agnico Eagle Mines during the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC lifted its position in Agnico Eagle Mines by 859.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock valued at $28,000 after purchasing an additional 318 shares during the period. Decker Retirement Planning Inc. bought a new position in Agnico Eagle Mines during the fourth quarter valued at approximately $29,000. Fifth Third Bancorp boosted its holdings in Agnico Eagle Mines by 176.9% in the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock worth $32,000 after purchasing an additional 260 shares during the last quarter. Finally, Duncker Streett & Co. Inc. grew its position in Agnico Eagle Mines by 37.3% in the 4th 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 period. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Stock Performance

AEM opened at $100.54 on Wednesday. The company has a 50 day simple moving average of $92.15 and a two-hundred day simple moving average of $85.63. 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 cap of $50.56 billion, a P/E ratio of 26.60, a PEG ratio of 0.66 and a beta of 1.00. Agnico Eagle Mines Limited has a 1-year low of $54.02 and a 1-year high of $101.81.

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 for the quarter, missing the consensus estimate of $1.70 by ($0.44). Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. Equities analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio is currently 42.33%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AEM shares. StockNews.com cut Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. Jefferies Financial Group increased their target price on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a report on Tuesday, January 7th. TD Securities cut their price target on 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. Scotiabank increased their price objective on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. Finally, Raymond James set a $105.00 target price on shares of Agnico Eagle Mines and gave the company an “outperform” rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $95.78.

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.