6,300 Shares in Agnico Eagle Mines Limited (NYSE:AEM) Acquired by Polymer Capital Management US LLC

Polymer Capital Management US LLC bought a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 6,300 shares of the mining company’s stock, valued at approximately $493,000.

Other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new stake in shares of Agnico Eagle Mines during the fourth quarter valued at $26,000. Smartleaf Asset Management LLC raised its holdings in shares of 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 last quarter. 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 currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AEM shares. UBS Group downgraded Agnico Eagle Mines from a “buy” rating to a “neutral” rating and raised their price target for the stock from $100.00 to $110.00 in a research note on Monday, March 31st. Citigroup boosted their price target on Agnico Eagle Mines from $100.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, March 31st. StockNews.com cut shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. Scotiabank upped their target price on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. Finally, TD Securities reduced their price objective 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. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Agnico Eagle Mines presently has an average rating of “Buy” and an average target price of $108.00.

Agnico Eagle Mines Stock Down 8.3 %

NYSE AEM opened at $99.45 on Monday. 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’s 50 day moving average is $99.77 and its 200 day moving average is $88.76. Agnico Eagle Mines Limited has a 12 month low of $60.15 and a 12 month high of $111.04. 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 quarterly earnings results on Thursday, February 13th. The mining company reported $1.26 EPS 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%. Research 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. Investors of record on Friday, February 28th were issued a $0.40 dividend. 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 dividend payout ratio (DPR) is presently 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.