Agnico Eagle Mines Limited (NYSE:AEM) Shares Acquired by U S Global Investors Inc.

U S Global Investors Inc. increased its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 36.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 37,500 shares of the mining company’s stock after acquiring an additional 10,000 shares during the quarter. U S Global Investors Inc.’s holdings in Agnico Eagle Mines were worth $2,933,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Assenagon Asset Management S.A. lifted its position in shares of Agnico Eagle Mines by 12.9% during the third quarter. Assenagon Asset Management S.A. now owns 16,744 shares of the mining company’s stock worth $1,350,000 after purchasing an additional 1,916 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Agnico Eagle Mines by 53.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 22,607 shares of the mining company’s stock worth $1,821,000 after purchasing an additional 7,865 shares during the period. Integrated Advisors Network LLC lifted its holdings in Agnico Eagle Mines by 5.7% in the third quarter. Integrated Advisors Network LLC now owns 17,583 shares of the mining company’s stock worth $1,416,000 after acquiring an additional 950 shares during the last quarter. Golden State Equity Partners bought a new position in Agnico Eagle Mines during the 3rd quarter worth $205,000. Finally, First Trust Direct Indexing L.P. increased its holdings in shares of Agnico Eagle Mines by 26.5% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 6,380 shares of the mining company’s stock worth $514,000 after acquiring an additional 1,337 shares during the period. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Down 3.4 %

Agnico Eagle Mines stock opened at $95.06 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86. The firm has a market cap of $47.81 billion, a price-to-earnings ratio of 25.15, a PEG ratio of 0.66 and a beta of 1.10. The firm has a 50 day moving average price of $89.08 and a two-hundred day moving average price of $84.56. Agnico Eagle Mines Limited has a 52-week low of $47.73 and a 52-week high of $101.45.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly 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 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.40 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.60 annualized dividend and a yield of 1.68%. Agnico Eagle Mines’s dividend payout ratio is currently 42.33%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AEM. Royal Bank of Canada raised their price objective on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Jefferies Financial Group raised their price target on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a research report on Tuesday, January 7th. TD Securities reduced 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, February 19th. Raymond James set a $105.00 target price on shares of Agnico Eagle Mines and gave the company an “outperform” rating in a research note on Tuesday, February 4th. Finally, Scotiabank increased 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. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the 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.