Pekin Hardy Strauss Inc. Purchases 1,472 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Pekin Hardy Strauss Inc. boosted its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 84,882 shares of the mining company’s stock after acquiring an additional 1,472 shares during the period. Agnico Eagle Mines accounts for about 0.8% of Pekin Hardy Strauss Inc.’s holdings, making the stock its 28th biggest position. Pekin Hardy Strauss Inc.’s holdings in Agnico Eagle Mines were worth $6,639,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Navellier & Associates Inc. lifted its holdings in shares of Agnico Eagle Mines by 10.7% in the fourth quarter. Navellier & Associates Inc. now owns 63,855 shares of the mining company’s stock valued at $4,994,000 after purchasing an additional 6,183 shares in the last quarter. Leuthold Group LLC bought a new position in shares of Agnico Eagle Mines in the fourth quarter valued at approximately $3,930,000. Bradley Foster & Sargent Inc. CT lifted its holdings in shares of Agnico Eagle Mines by 2.0% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 1,172,033 shares of the mining company’s stock valued at $91,665,000 after purchasing an additional 22,980 shares in the last quarter. Cromwell Holdings LLC bought a new position in shares of Agnico Eagle Mines in the fourth quarter valued at approximately $52,000. Finally, Citizens National Bank Trust Department lifted its holdings in shares of Agnico Eagle Mines by 1.7% in the fourth quarter. Citizens National Bank Trust Department now owns 23,277 shares of the mining company’s stock valued at $1,820,000 after purchasing an additional 383 shares in the last quarter. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Performance

NYSE:AEM opened at $96.09 on Friday. 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 business has a fifty day simple moving average of $87.71 and a two-hundred day simple moving average of $83.98. Agnico Eagle Mines Limited has a 1 year low of $47.73 and a 1 year high of $101.45. The company has a market capitalization of $48.32 billion, a P/E ratio of 25.42, a P/E/G ratio of 0.67 and a beta of 1.10.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its 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, analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio is currently 42.33%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AEM. StockNews.com upgraded Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a report on Monday, February 17th. Scotiabank raised their target price on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. Royal Bank of Canada increased their price target on Agnico Eagle Mines from $96.00 to $105.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Raymond James set a $105.00 price target on Agnico Eagle Mines and gave the company an “outperform” rating in a research report on Tuesday, February 4th. Finally, TD Securities decreased their price target on Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target 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.