Agnico Eagle Mines Limited (NYSE:AEM) Shares Acquired by Delos Wealth Advisors LLC

Delos Wealth Advisors LLC boosted its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 5.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 42,741 shares of the mining company’s stock after acquiring an additional 2,148 shares during the period. Agnico Eagle Mines accounts for 2.7% of Delos Wealth Advisors LLC’s investment portfolio, making the stock its 14th largest holding. Delos Wealth Advisors LLC’s holdings in Agnico Eagle Mines were worth $3,343,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AEM. Van ECK Associates Corp lifted its position in shares of Agnico Eagle Mines by 3.6% in the fourth quarter. Van ECK Associates Corp now owns 22,322,859 shares of the mining company’s stock valued at $1,745,858,000 after acquiring an additional 778,919 shares in the last quarter. Vanguard Group Inc. raised its stake in Agnico Eagle Mines by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 19,865,285 shares of the mining company’s stock valued at $1,554,180,000 after purchasing an additional 331,087 shares during the last quarter. Norges Bank purchased a new position in Agnico Eagle Mines in the 4th quarter valued at about $573,446,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Agnico Eagle Mines by 81.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,051,473 shares of the mining company’s stock worth $551,339,000 after purchasing an additional 3,155,927 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of Agnico Eagle Mines by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 6,383,024 shares of the mining company’s stock worth $499,956,000 after purchasing an additional 332,576 shares during the last quarter. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Agnico Eagle Mines Stock Performance

Shares of AEM stock opened at $107.34 on Friday. The company’s fifty day moving average price is $97.96 and its two-hundred day moving average price is $87.85. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. The firm has a market capitalization of $53.99 billion, a P/E ratio of 28.40, a P/E/G ratio of 0.66 and a beta of 1.00. Agnico Eagle Mines Limited has a 12 month low of $60.15 and a 12 month high of $110.36.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings results on Thursday, February 13th. The mining company reported $1.26 earnings per share (EPS) 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, research analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.49%. The ex-dividend date was Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 42.33%.

Analyst Ratings Changes

AEM has been the topic of several recent analyst reports. TD Securities reduced their price objective on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Stifel Canada raised Agnico Eagle Mines to a “strong-buy” rating in a research note on Wednesday, March 19th. National Bank Financial upgraded Agnico Eagle Mines to a “strong-buy” rating in a research report on Friday, March 21st. StockNews.com cut Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. Finally, Raymond James set a $105.00 price objective on shares of Agnico Eagle Mines and gave the stock an “outperform” rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $95.78.

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.