Cerity Partners LLC Has $677,000 Position in Agnico Eagle Mines Limited (NYSE:AEM)

Cerity Partners LLC boosted its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 106.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,341 shares of the mining company’s stock after acquiring an additional 6,350 shares during the period. Cerity Partners LLC’s holdings in Agnico Eagle Mines were worth $677,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in AEM. Bruce G. Allen Investments LLC bought a new position in shares of Agnico Eagle Mines in the fourth quarter valued at about $33,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in Agnico Eagle Mines in the 3rd quarter valued at about $34,000. CVA Family Office LLC bought a new position in Agnico Eagle Mines in the 4th quarter valued at about $36,000. Anchor Investment Management LLC acquired a new stake in Agnico Eagle Mines during the fourth quarter worth approximately $55,000. Finally, Assetmark Inc. bought a new stake in shares of Agnico Eagle Mines during the third quarter worth approximately $87,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AEM. TD Securities dropped their price target on Agnico Eagle Mines from $64.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. Raymond James boosted their target price on shares of Agnico Eagle Mines from $66.00 to $71.00 and gave the company an “outperform” rating in a research report on Friday, January 12th. National Bank Financial restated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. CIBC decreased their target price on shares of Agnico Eagle Mines from $72.00 to $69.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Finally, Jefferies Financial Group upped their target price on Agnico Eagle Mines from $54.00 to $57.00 and gave the company a “hold” rating in a research report on Monday. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $64.14.

Agnico Eagle Mines Stock Up 1.1 %

Shares of NYSE AEM opened at $62.92 on Wednesday. The company has a market cap of $31.37 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 0.96 and a beta of 1.06. The company has a current ratio of 2.09, a quick ratio of 0.74 and a debt-to-equity ratio of 0.10. Agnico Eagle Mines Limited has a 12 month low of $43.22 and a 12 month high of $64.19. The stock has a 50-day moving average price of $55.81 and a two-hundred day moving average price of $52.29.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings data on Friday, February 16th. The mining company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.09. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 5.54%. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the prior year, the company earned $0.41 EPS. The firm’s quarterly revenue was up 26.9% compared to the same quarter last year. As a group, analysts forecast that Agnico Eagle Mines Limited will post 2.51 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date was Thursday, February 29th. Agnico Eagle Mines’s payout ratio is 38.93%.

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.