SBI Securities Co. Ltd. Makes New Investment in Agnico Eagle Mines Limited (NYSE:AEM)

SBI Securities Co. Ltd. purchased a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the fourth quarter, Holdings Channel reports. The fund purchased 1,511 shares of the mining company’s stock, valued at approximately $118,000.

A number of other institutional investors also recently bought and sold shares of the business. Jones Financial Companies Lllp raised its position in Agnico Eagle Mines by 78.3% during the 4th quarter. Jones Financial Companies Lllp now owns 3,259 shares of the mining company’s stock worth $255,000 after buying an additional 1,431 shares during the last quarter. Kohmann Bosshard Financial Services LLC increased its holdings in shares of Agnico Eagle Mines by 10.0% during the 4th quarter. Kohmann Bosshard Financial Services LLC now owns 6,600 shares of the mining company’s stock valued at $516,000 after purchasing an additional 600 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Agnico Eagle Mines by 859.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock valued at $28,000 after purchasing an additional 318 shares in the last quarter. Duncker Streett & Co. Inc. increased its holdings in shares of Agnico Eagle Mines by 37.3% during the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock valued at $32,000 after purchasing an additional 112 shares in the last quarter. Finally, Capital Wealth Planning LLC increased its holdings in shares of Agnico Eagle Mines by 41.9% during the 4th quarter. Capital Wealth Planning LLC now owns 59,055 shares of the mining company’s stock valued at $4,619,000 after purchasing an additional 17,452 shares in the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock opened at $98.85 on Friday. Agnico Eagle Mines Limited has a 1 year low of $53.94 and a 1 year high of $101.45. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86. The company’s fifty day moving average price is $90.92 and its 200 day moving average price is $85.23. The stock has a market capitalization of $49.71 billion, a P/E ratio of 26.15, a P/E/G ratio of 0.66 and a beta of 1.10.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its 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, equities research analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The firm also recently announced 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 1.62%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 42.33%.

Analysts Set New Price Targets

AEM has been the subject of several recent research reports. StockNews.com lowered shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. Jefferies Financial Group lifted their target price 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. TD Securities cut 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. Royal Bank of Canada lifted their target price 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. Finally, Raymond James set a $105.00 price target on shares of Agnico Eagle Mines and gave the company an “outperform” rating in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Agnico Eagle Mines has an average rating of “Moderate Buy” and an average target price of $95.78.

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.