Guyasuta Investment Advisors Inc. Has $283,000 Position in Agnico Eagle Mines Limited (NYSE:AEM)

Guyasuta Investment Advisors Inc. grew its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 7.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,620 shares of the mining company’s stock after purchasing an additional 250 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in Agnico Eagle Mines were worth $283,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of AEM. Versant Capital Management Inc acquired a new stake in shares of Agnico Eagle Mines in the fourth quarter worth $26,000. Decker Retirement Planning Inc. acquired a new position in Agnico Eagle Mines during the 4th quarter worth $29,000. FSC Wealth Advisors LLC acquired a new position in Agnico Eagle Mines during the 3rd quarter worth $32,000. Fifth Third Bancorp lifted its position in Agnico Eagle Mines by 176.9% during 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, McClarren Financial Advisors Inc. lifted its position in Agnico Eagle Mines by 684.6% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company’s stock worth $41,000 after acquiring an additional 445 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Performance

NYSE AEM opened at $95.75 on Friday. The stock has a market cap of $48.15 billion, a P/E ratio of 47.87, a PEG ratio of 0.66 and a beta of 1.10. The company’s 50-day simple moving average is $86.51 and its 200 day simple moving average is $83.16. Agnico Eagle Mines Limited has a twelve month low of $45.75 and a twelve month high of $101.45. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.06.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its earnings results on Thursday, February 13th. The mining company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a net margin of 12.86% and a return on equity of 8.88%. As a group, research analysts forecast that Agnico Eagle Mines Limited will post 4.14 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, February 28th. This represents a $1.60 annualized dividend and a yield of 1.67%. Agnico Eagle Mines’s dividend payout ratio is 42.33%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Scotiabank boosted 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 research report on Tuesday, January 21st. Royal Bank of Canada upped 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 report on Tuesday. Finally, Jefferies Financial Group upped their price objective on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $92.75.

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.