1,688 Shares in Agnico Eagle Mines Limited (NYSE:AEM) Acquired by Planned Solutions Inc.

Planned Solutions Inc. bought a new stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,688 shares of the mining company’s stock, valued at approximately $93,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Agnico Eagle Mines by 1.6% during the third quarter. Vanguard Group Inc. now owns 17,224,538 shares of the mining company’s stock worth $782,855,000 after purchasing an additional 278,647 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Agnico Eagle Mines by 1.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 13,794,968 shares of the mining company’s stock valued at $626,981,000 after buying an additional 152,166 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Agnico Eagle Mines by 13.9% during the 4th quarter. Mackenzie Financial Corp now owns 9,852,941 shares of the mining company’s stock valued at $511,175,000 after acquiring an additional 1,199,348 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Agnico Eagle Mines by 8.6% in the third quarter. The Manufacturers Life Insurance Company now owns 8,380,993 shares of the mining company’s stock worth $383,555,000 after buying an additional 665,356 shares during the period. Finally, Flossbach Von Storch AG grew its stake in shares of Agnico Eagle Mines by 0.4% in the third quarter. Flossbach Von Storch AG now owns 5,666,972 shares of the mining company’s stock valued at $257,564,000 after buying an additional 21,766 shares in the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Up 3.2 %

Shares of NYSE:AEM opened at $57.85 on Thursday. Agnico Eagle Mines Limited has a 1 year low of $43.22 and a 1 year high of $61.15. The firm has a fifty day moving average price of $50.83 and a 200 day moving average price of $50.31. The stock has a market capitalization of $28.81 billion, a PE ratio of 14.08, a P/E/G ratio of 24.36 and a beta of 1.03. The company has a current ratio of 2.09, a quick ratio of 0.74 and a debt-to-equity ratio of 0.10.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Friday, February 16th. The mining company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.09. Agnico Eagle Mines had a return on equity of 5.54% and a net margin of 29.29%. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period last year, the business earned $0.41 earnings per share. The firm’s revenue for the quarter was up 26.9% compared to the same quarter last year. Analysts expect that Agnico Eagle Mines Limited will post 2.3 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.60 dividend on an annualized basis and a yield of 2.77%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 38.93%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. TD Securities decreased their price objective on shares of Agnico Eagle Mines from $64.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. National Bank Financial restated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research report on Wednesday, January 3rd. Raymond James upped their price objective on Agnico Eagle Mines from $66.00 to $71.00 and gave the company an “outperform” rating in a report on Friday, January 12th. Jefferies Financial Group began coverage on Agnico Eagle Mines in a research report on Thursday, February 29th. They set a “hold” rating and a $54.00 price objective for the company. Finally, CIBC decreased their target price on shares of Agnico Eagle Mines from $72.00 to $69.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $63.71.

About Agnico Eagle Mines

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. 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.