IMG Wealth Management Inc. Buys Shares of 991 Agnico Eagle Mines Limited (NYSE:AEM)

IMG Wealth Management Inc. bought a new stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 991 shares of the mining company’s stock, valued at approximately $78,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new position in shares of Agnico Eagle Mines in the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC lifted its holdings in shares of Agnico Eagle Mines by 859.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock worth $28,000 after acquiring an additional 318 shares during the last quarter. Decker Retirement Planning Inc. acquired a new position in shares of Agnico Eagle Mines in the 4th quarter worth approximately $29,000. Fifth Third Bancorp lifted its holdings in shares of 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 acquiring an additional 260 shares during the last quarter. Finally, Duncker Streett & Co. Inc. lifted its holdings in shares of Agnico Eagle Mines by 37.3% in the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock worth $32,000 after acquiring an additional 112 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Trading Up 0.9 %

Shares of NYSE:AEM opened at $103.65 on Monday. 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 50 day moving average is $93.47 and its two-hundred day moving average is $86.06. The company has a market cap of $52.13 billion, a PE ratio of 27.42, a P/E/G ratio of 0.66 and a beta of 1.00. Agnico Eagle Mines Limited has a 52 week low of $54.02 and a 52 week high of $104.45.

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%. Equities analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.54%. The ex-dividend date was Friday, February 28th. Agnico Eagle Mines’s payout ratio is currently 42.33%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AEM shares. Raymond James set a $105.00 target price on shares of Agnico Eagle Mines and gave the stock an “outperform” rating in a report on Tuesday, February 4th. StockNews.com lowered shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. Jefferies Financial Group increased their target price 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. Scotiabank increased their target price on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. Finally, TD Securities reduced their target price on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $95.78.

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.