Uncommon Cents Investing LLC Grows Stake in Agnico Eagle Mines Limited (NYSE:AEM)

Uncommon Cents Investing LLC boosted its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 10.1% in the fourth quarter, Holdings Channel reports. The fund owned 19,105 shares of the mining company’s stock after purchasing an additional 1,760 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Agnico Eagle Mines were worth $1,048,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Planned Solutions Inc. purchased a new position in shares of Agnico Eagle Mines during the 4th quarter valued at $93,000. PFG Investments LLC boosted its holdings in shares of Agnico Eagle Mines by 13.3% in the 4th quarter. PFG Investments LLC now owns 10,174 shares of the mining company’s stock worth $558,000 after purchasing an additional 1,197 shares during the period. Tectonic Advisors LLC increased its position in shares of Agnico Eagle Mines by 4.0% during the 4th quarter. Tectonic Advisors LLC now owns 30,473 shares of the mining company’s stock valued at $1,671,000 after purchasing an additional 1,169 shares during the last quarter. Pinnacle Wealth Management Group Inc. raised its holdings in Agnico Eagle Mines by 3.2% during the 4th quarter. Pinnacle Wealth Management Group Inc. now owns 22,853 shares of the mining company’s stock valued at $1,253,000 after buying an additional 700 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its position in Agnico Eagle Mines by 13.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 102,664 shares of the mining company’s stock worth $5,631,000 after buying an additional 12,488 shares during the last quarter. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Price Performance

AEM opened at $59.64 on Friday. The company has a market capitalization of $29.70 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 25.14 and a beta of 1.03. 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 $61.15. The business’s fifty day simple moving average is $51.04 and its 200-day simple moving average is $50.37.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Friday, February 16th. The mining company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the prior year, the business earned $0.41 EPS. The firm’s quarterly revenue was up 26.9% on a year-over-year basis. On average, equities research analysts anticipate that Agnico Eagle Mines Limited will post 2.3 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.68%. The ex-dividend date was Thursday, February 29th. Agnico Eagle Mines’s payout ratio is 38.93%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. TD Securities cut their price target on shares of Agnico Eagle Mines from $64.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. National Bank Financial reiterated an “outperform overweight” rating on shares of Agnico Eagle Mines in a report on Wednesday, January 3rd. Raymond James upped their price objective on Agnico Eagle Mines from $66.00 to $71.00 and gave the company an “outperform” rating in a research report on Friday, January 12th. Jefferies Financial Group initiated coverage on Agnico Eagle Mines in a research report on Thursday, February 29th. They set a “hold” rating and a $54.00 target price for the company. Finally, CIBC lowered their target price on shares of Agnico Eagle Mines from $72.00 to $69.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Agnico Eagle Mines currently has an average rating of “Moderate Buy” and an average target price of $63.71.

About Agnico Eagle Mines

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. 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.