Agnico Eagle Mines Limited (NYSE:AEM) is Keating Investment Counselors Inc.’s 4th Largest Position

Keating Investment Counselors Inc. reduced its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 0.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 134,691 shares of the mining company’s stock after selling 171 shares during the quarter. Agnico Eagle Mines accounts for approximately 3.3% of Keating Investment Counselors Inc.’s portfolio, making the stock its 4th largest holding. Keating Investment Counselors Inc.’s holdings in Agnico Eagle Mines were worth $10,534,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Planning grew its stake in Agnico Eagle Mines by 28.7% in the third quarter. Creative Planning now owns 37,876 shares of the mining company’s stock worth $3,051,000 after purchasing an additional 8,456 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Agnico Eagle Mines by 124.2% in the third quarter. Blue Trust Inc. now owns 3,663 shares of the mining company’s stock worth $295,000 after purchasing an additional 2,029 shares in the last quarter. Veracity Capital LLC acquired a new position in Agnico Eagle Mines in the third quarter worth approximately $231,000. OLD National Bancorp IN acquired a new stake in shares of Agnico Eagle Mines in the third quarter worth $232,000. Finally, McClarren Financial Advisors Inc. grew its stake in shares of Agnico Eagle Mines by 684.6% in the third quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company’s stock worth $41,000 after acquiring an additional 445 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Analyst Ratings Changes

AEM has been the subject of several recent analyst reports. StockNews.com raised shares of Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a report on Monday. Jefferies Financial Group boosted their price target 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. Royal Bank of Canada upped their price objective on Agnico Eagle Mines from $96.00 to $105.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Finally, Scotiabank increased their price objective on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Agnico Eagle Mines has an average rating of “Buy” and an average price target of $92.75.

Agnico Eagle Mines Price Performance

Shares of AEM opened at $95.75 on Tuesday. Agnico Eagle Mines Limited has a twelve month low of $45.75 and a twelve month high of $101.45. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average of $86.73 and a 200 day moving average of $83.40. The company has a market capitalization of $48.09 billion, a P/E ratio of 47.87, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10.

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 analysts’ consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a return on equity of 8.88% and a net margin of 12.86%. As a group, equities research analysts anticipate that Agnico Eagle Mines Limited will post 4.14 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders 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 yield of 1.67%. The ex-dividend date of this dividend is Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio is presently 80.00%.

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.