Kestra Investment Management LLC Invests $50,000 in Agnico Eagle Mines Limited (NYSE:AEM)

Kestra Investment Management LLC purchased a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 644 shares of the mining company’s stock, valued at approximately $50,000.

Several other institutional investors also recently modified their holdings of the business. Pinnacle Wealth Management Group Inc. grew its holdings in 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 valued at $1,909,000 after purchasing an additional 125 shares during the period. Diversify Wealth Management LLC boosted its holdings in shares of Agnico Eagle Mines by 2.1% in the fourth quarter. Diversify Wealth Management LLC now owns 6,753 shares of the mining company’s stock valued at $569,000 after buying an additional 141 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Agnico Eagle Mines by 34.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the mining company’s stock valued at $51,000 after buying an additional 165 shares during the period. Tectonic Advisors LLC boosted its holdings in shares of Agnico Eagle Mines by 0.8% in the fourth quarter. Tectonic Advisors LLC now owns 22,640 shares of the mining company’s stock valued at $1,771,000 after buying an additional 185 shares during the period. Finally, Scheer Rowlett & Associates Investment Management Ltd. boosted its holdings in shares of Agnico Eagle Mines by 4.3% in the third 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 during the period. Institutional investors and hedge funds own 68.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AEM shares. Scotiabank upped 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. Jefferies Financial Group upped their price target on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a report on Tuesday, January 7th. StockNews.com upgraded shares of Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a report on Monday, February 17th. 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 report on Wednesday. Finally, Royal Bank of Canada upped their price target on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of “Buy” and a consensus target price of $94.63.

Agnico Eagle Mines Stock Performance

NYSE AEM opened at $96.09 on Friday. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The firm’s fifty day moving average price is $87.71 and its two-hundred day moving average price is $83.92. Agnico Eagle Mines Limited has a 1 year low of $47.73 and a 1 year high of $101.45. The firm has a market capitalization of $48.32 billion, a P/E ratio of 25.42, a price-to-earnings-growth ratio of 0.67 and a beta of 1.10.

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%. As a group, research analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

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 given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Friday, February 28th. Agnico Eagle Mines’s payout ratio is presently 42.33%.

Agnico Eagle Mines Company 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.