NBT Bank N A NY Has $811,000 Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

NBT Bank N A NY raised its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 53.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,374 shares of the mining company’s stock after buying an additional 3,610 shares during the quarter. NBT Bank N A NY’s holdings in Agnico Eagle Mines were worth $811,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AEM. Versant Capital Management Inc acquired a new position in Agnico Eagle Mines in the fourth quarter valued at approximately $26,000. Smartleaf Asset Management LLC raised its position in shares of Agnico Eagle Mines by 859.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock worth $28,000 after purchasing an additional 318 shares during the period. Decker Retirement Planning Inc. acquired a new position in shares of Agnico Eagle Mines during the fourth quarter worth approximately $29,000. Fifth Third Bancorp raised its position in shares of Agnico Eagle Mines by 176.9% during the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock worth $32,000 after purchasing an additional 260 shares during the period. Finally, Duncker Streett & Co. Inc. raised its position in shares of Agnico Eagle Mines by 37.3% during the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock worth $32,000 after purchasing an additional 112 shares during the period. 68.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AEM. Jefferies Financial Group upped their target price 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. Raymond James set a $105.00 target price on Agnico Eagle Mines and gave the stock an “outperform” rating in a research report on Tuesday, February 4th. StockNews.com lowered Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. Royal Bank of Canada upped their target price on Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Finally, Scotiabank upped 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. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of “Moderate Buy” and an average target price of $95.78.

Agnico Eagle Mines Price Performance

Shares of NYSE:AEM opened at $96.93 on Tuesday. 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 stock’s fifty day simple moving average is $91.71 and its two-hundred day simple moving average is $85.50. Agnico Eagle Mines Limited has a 1-year low of $54.02 and a 1-year high of $101.45. The stock has a market cap of $48.75 billion, a PE ratio of 25.64, a price-to-earnings-growth ratio of 0.66 and a beta of 1.00.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its earnings results 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%. As a group, analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders 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 dividend yield of 1.65%. The ex-dividend date of this dividend is Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio is presently 42.33%.

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.