Agnico Eagle Mines Limited (NYSE:AEM) is Stack Financial Management Inc’s 9th Largest Position

Stack Financial Management Inc reduced its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 377,471 shares of the mining company’s stock after selling 5,254 shares during the quarter. Agnico Eagle Mines comprises 2.7% of Stack Financial Management Inc’s investment portfolio, making the stock its 9th biggest position. Stack Financial Management Inc owned about 0.08% of Agnico Eagle Mines worth $29,522,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of AEM. Pinnacle Wealth Management Group Inc. lifted its position in shares of Agnico Eagle Mines by 0.5% during the fourth quarter. Pinnacle Wealth Management Group Inc. now owns 24,407 shares of the mining company’s stock worth $1,909,000 after acquiring an additional 125 shares in the last quarter. Diversify Wealth Management LLC lifted its holdings in Agnico Eagle Mines by 2.1% during the 4th quarter. Diversify Wealth Management LLC now owns 6,753 shares of the mining company’s stock worth $569,000 after purchasing an additional 141 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Agnico Eagle Mines by 34.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the mining company’s stock worth $51,000 after purchasing an additional 165 shares during the period. Tectonic Advisors LLC boosted its stake in Agnico Eagle Mines by 0.8% in the 4th quarter. Tectonic Advisors LLC now owns 22,640 shares of the mining company’s stock worth $1,771,000 after purchasing an additional 185 shares during the period. Finally, Scheer Rowlett & Associates Investment Management Ltd. grew its holdings in Agnico Eagle Mines by 4.3% during the 3rd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 4,805 shares of the mining company’s stock valued at $387,000 after buying an additional 200 shares in the last quarter. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Stock Performance

NYSE:AEM opened at $97.47 on Tuesday. The company has a market capitalization of $49.02 billion, a price-to-earnings ratio of 25.79, a PEG ratio of 0.66 and a beta of 1.10. The business has a 50 day moving average of $88.01 and a 200 day moving average of $84.23. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. Agnico Eagle Mines Limited has a 1-year low of $47.73 and a 1-year high of $101.45.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data 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 return on equity of 10.45% and a net margin of 22.88%. On average, sell-side analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.64%. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 42.33%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AEM shares. Raymond James set a $105.00 price objective on shares of Agnico Eagle Mines and gave the company an “outperform” rating in a research report on Tuesday, February 4th. Scotiabank raised their price target on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. TD Securities reduced their price target on shares of 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. StockNews.com raised Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 17th. Finally, 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 note on Tuesday, February 11th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $95.78.

Agnico Eagle Mines Profile

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.