Agnico Eagle Mines Limited (NYSE:AEM) Shares Acquired by Trek Financial LLC

Trek Financial LLC increased its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 30.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,176 shares of the mining company’s stock after purchasing an additional 9,813 shares during the period. Trek Financial LLC’s holdings in Agnico Eagle Mines were worth $3,299,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Duncker Streett & Co. Inc. grew its holdings in shares of Agnico Eagle Mines by 37.3% during the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock worth $32,000 after buying an additional 112 shares in the last quarter. Pinnacle Wealth Management Group Inc. raised its holdings in Agnico Eagle Mines by 0.5% in the 4th quarter. Pinnacle Wealth Management Group Inc. now owns 24,407 shares of the mining company’s stock valued at $1,909,000 after acquiring an additional 125 shares during the last quarter. Diversify Wealth Management LLC raised its holdings in Agnico Eagle Mines by 2.1% in the 4th quarter. Diversify Wealth Management LLC now owns 6,753 shares of the mining company’s stock valued at $569,000 after acquiring an additional 141 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Agnico Eagle Mines by 24.5% during the fourth quarter. Quadrant Capital Group LLC now owns 787 shares of the mining company’s stock worth $62,000 after purchasing an additional 155 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Agnico Eagle Mines by 34.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the mining company’s stock valued at $51,000 after purchasing an additional 165 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on AEM shares. National Bank Financial upgraded Agnico Eagle Mines to a “strong-buy” rating in a report on Friday, March 21st. Raymond James upped their price target on shares of Agnico Eagle Mines from $105.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday. UBS Group lowered shares of Agnico Eagle Mines from a “buy” rating to a “neutral” rating and lifted their price target for the company from $100.00 to $110.00 in a report on Monday, March 31st. Jefferies Financial Group increased 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. Finally, Scotiabank lifted their target price on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $108.00.

Agnico Eagle Mines Stock Down 8.3 %

NYSE AEM opened at $99.45 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines Limited has a fifty-two week low of $60.15 and a fifty-two week high of $111.04. The business has a 50 day moving average price of $99.77 and a two-hundred day moving average price of $88.71. The stock has a market cap of $50.02 billion, a PE ratio of 26.31, a P/E/G ratio of 0.66 and a beta of 0.87.

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 the consensus estimate 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, sell-side analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Friday, February 28th. Agnico Eagle Mines’s payout ratio is 42.33%.

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.