Union Bancaire Privee UBP SA Makes New Investment in Agnico Eagle Mines Limited (NYSE:AEM)

Union Bancaire Privee UBP SA purchased a new position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,110 shares of the mining company’s stock, valued at approximately $602,000.

Several other institutional investors have also modified their holdings of AEM. Foundations Investment Advisors LLC acquired a new position in shares of Agnico Eagle Mines during the third quarter worth $209,000. Assenagon Asset Management S.A. grew its stake 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 grew its stake 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 in the last quarter. Asahi Life Asset Management CO. LTD. acquired a new position in shares of Agnico Eagle Mines during the third quarter worth $413,000. Finally, Integrated Advisors Network LLC grew its stake in shares of Agnico Eagle Mines by 5.7% during the third quarter. Integrated Advisors Network LLC now owns 17,583 shares of the mining company’s stock worth $1,416,000 after purchasing an additional 950 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on AEM. Jefferies Financial Group boosted their target price on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th. StockNews.com raised shares of Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 17th. Raymond James set a $105.00 price target on shares of Agnico Eagle Mines and gave the company an “outperform” rating in a research report on Tuesday, February 4th. TD Securities reduced their target price on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Finally, Scotiabank upped their target price 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. 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 MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $95.78.

Agnico Eagle Mines Trading Up 1.4 %

NYSE AEM opened at $97.47 on Tuesday. The stock has a market capitalization of $49.02 billion, a P/E ratio of 25.79, a P/E/G ratio of 0.67 and a beta of 1.10. Agnico Eagle Mines Limited has a 52-week low of $47.73 and a 52-week high of $101.45. The firm has a 50-day moving average price of $88.01 and a 200 day moving average price of $84.23. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings results on Thursday, February 13th. The mining company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.44). Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. Equities research analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.60 annualized dividend and a yield of 1.64%. Agnico Eagle Mines’s dividend payout ratio is currently 42.33%.

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.