Signaturefd LLC Buys 292 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Signaturefd LLC boosted its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,519 shares of the mining company’s stock after purchasing an additional 292 shares during the period. Signaturefd LLC’s holdings in Agnico Eagle Mines were worth $744,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AEM. Versant Capital Management Inc bought a new position in Agnico Eagle Mines during the fourth quarter valued at approximately $26,000. Smartleaf Asset Management LLC raised its position in Agnico Eagle Mines by 859.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock worth $28,000 after acquiring an additional 318 shares during the period. Decker Retirement Planning Inc. bought a new position in Agnico Eagle Mines in the fourth quarter worth approximately $29,000. Fifth Third Bancorp raised its position 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 acquiring an additional 260 shares during the period. Finally, Duncker Streett & Co. Inc. raised its position in Agnico Eagle Mines by 37.3% in the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock worth $32,000 after acquiring an additional 112 shares during the period. Institutional investors own 68.34% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on AEM shares. Scotiabank increased their price target on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Royal Bank of Canada increased their price target on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Raymond James set a $105.00 price target 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 price target on shares of 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, StockNews.com downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.78.

Agnico Eagle Mines Stock Performance

AEM opened at $105.52 on Thursday. The stock has a market capitalization of $53.07 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 0.66 and a beta of 1.00. The company has a fifty day moving average of $94.93 and a 200 day moving average of $86.53. Agnico Eagle Mines Limited has a fifty-two week low of $54.02 and a fifty-two week high of $107.88. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted 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 forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.60 annualized dividend and a yield of 1.52%. Agnico Eagle Mines’s payout ratio is 42.33%.

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.