Bradley Foster & Sargent Inc. CT Increases Stake in Agnico Eagle Mines Limited (NYSE:AEM)

Bradley Foster & Sargent Inc. CT lifted its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,172,033 shares of the mining company’s stock after purchasing an additional 22,980 shares during the period. Agnico Eagle Mines comprises 1.5% of Bradley Foster & Sargent Inc. CT’s investment portfolio, making the stock its 15th largest position. Bradley Foster & Sargent Inc. CT’s holdings in Agnico Eagle Mines were worth $91,665,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Creative Planning lifted its stake in shares of Agnico Eagle Mines by 28.7% in the 3rd quarter. Creative Planning now owns 37,876 shares of the mining company’s stock valued at $3,051,000 after purchasing an additional 8,456 shares during the period. Blue Trust Inc. raised its position in Agnico Eagle Mines by 124.2% in the 3rd quarter. Blue Trust Inc. now owns 3,663 shares of the mining company’s stock worth $295,000 after buying an additional 2,029 shares during the last quarter. OLD National Bancorp IN purchased a new stake in Agnico Eagle Mines in the third quarter worth approximately $232,000. Foundations Investment Advisors LLC bought a new stake in shares of Agnico Eagle Mines in the third quarter worth $209,000. Finally, Signaturefd LLC lifted its stake in shares of Agnico Eagle Mines by 4.1% in the 3rd quarter. Signaturefd LLC now owns 9,227 shares of the mining company’s stock worth $743,000 after purchasing an additional 367 shares during the period. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Down 0.0 %

Agnico Eagle Mines stock opened at $98.01 on Friday. The firm has a market cap of $49.29 billion, a P/E ratio of 25.93, a P/E/G ratio of 0.65 and a beta of 1.10. 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 twelve month low of $47.73 and a twelve month high of $101.45. The business has a fifty day moving average of $87.46 and a two-hundred day moving average of $83.76.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its earnings results on Thursday, February 13th. The mining company reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. On average, analysts forecast that Agnico Eagle Mines Limited will post 4.7 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.60 annualized dividend and a dividend yield of 1.63%. Agnico Eagle Mines’s payout ratio is currently 42.33%.

Analyst Ratings Changes

AEM has been the topic of a number of recent research reports. Scotiabank raised their target price on Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. StockNews.com raised Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a research note on Monday. Royal Bank of Canada boosted their target price on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Jefferies Financial Group lifted their price objective on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th. Finally, TD Securities reduced their price target on Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating on the stock in a report on Wednesday. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $94.63.

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.