K.J. Harrison & Partners Inc Acquires 360 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

K.J. Harrison & Partners Inc increased its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,325 shares of the mining company’s stock after purchasing an additional 360 shares during the period. K.J. Harrison & Partners Inc’s holdings in Agnico Eagle Mines were worth $3,220,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new position in shares of Agnico Eagle Mines in the fourth quarter worth $26,000. Decker Retirement Planning Inc. bought a new stake in Agnico Eagle Mines in the 4th quarter valued at $29,000. Fifth Third Bancorp lifted its stake in Agnico Eagle Mines by 176.9% in the 4th quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock worth $32,000 after purchasing an additional 260 shares in the last quarter. Montag A & Associates Inc. boosted its holdings in shares of Agnico Eagle Mines by 85.2% during the 4th quarter. Montag A & Associates Inc. now owns 500 shares of the mining company’s stock valued at $39,000 after purchasing an additional 230 shares during the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in shares of Agnico Eagle Mines during the fourth quarter valued at about $39,000. 68.34% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Trading Up 1.5 %

Shares of AEM opened at $98.32 on Thursday. Agnico Eagle Mines Limited has a twelve month low of $47.73 and a twelve month high of $101.45. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The company’s fifty day simple moving average is $88.72 and its 200-day simple moving average is $84.49. The company has a market cap of $49.45 billion, a P/E ratio of 26.01, a P/E/G ratio of 0.66 and a beta of 1.10.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced 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 return on equity of 10.45% and a net margin of 22.88%. As a group, analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

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

Analyst Upgrades and Downgrades

AEM has been the topic of a number of research analyst reports. Scotiabank boosted their target price on 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 upped their price objective on Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Raymond James set a $105.00 target price on Agnico Eagle Mines and gave the company an “outperform” rating in a research report on Tuesday, February 4th. Jefferies Financial Group boosted 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, TD Securities lowered their price objective on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Agnico Eagle Mines currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.78.

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.