Leuthold Group LLC Takes Position in Agnico Eagle Mines Limited (NYSE:AEM)

Leuthold Group LLC acquired a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 50,248 shares of the mining company’s stock, valued at approximately $3,930,000.

Several other institutional investors also recently bought and sold shares of AEM. Versant Capital Management Inc bought a new stake in Agnico Eagle Mines during the 4th quarter valued at $26,000. Decker Retirement Planning Inc. bought a new stake in Agnico Eagle Mines during the fourth quarter valued at about $29,000. Fifth Third Bancorp grew its stake in Agnico Eagle Mines by 176.9% in the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock valued at $32,000 after purchasing an additional 260 shares during the last quarter. Montag A & Associates Inc. raised its holdings in Agnico Eagle Mines by 85.2% in the fourth quarter. Montag A & Associates Inc. now owns 500 shares of the mining company’s stock worth $39,000 after purchasing an additional 230 shares in the last quarter. Finally, Hobbs Group Advisors LLC bought a new position in Agnico Eagle Mines in the third quarter worth about $48,000. 68.34% of the stock is owned by hedge funds and other institutional investors.

Agnico Eagle Mines Price Performance

Shares of AEM opened at $96.09 on Friday. The firm has a market capitalization of $48.32 billion, a PE ratio of 25.42, a price-to-earnings-growth ratio of 0.67 and a beta of 1.10. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. The company’s fifty day moving average price is $87.71 and its 200-day moving average price is $83.92. Agnico Eagle Mines Limited has a 1-year low of $47.73 and a 1-year high of $101.45.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data on Thursday, February 13th. The mining company reported $1.26 earnings per share (EPS) 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%. On average, equities research analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.40 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.60 annualized dividend and a yield of 1.67%. Agnico Eagle Mines’s dividend payout ratio is presently 42.33%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AEM. StockNews.com raised shares of Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 17th. Jefferies Financial Group lifted their price target on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a report on Tuesday, January 7th. Royal Bank of Canada increased 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. TD Securities lowered their price objective on Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Scotiabank upped their target price on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $94.63.

About Agnico Eagle Mines

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.