U S Global Investors Inc. Boosts Stock Position in Agnico Eagle Mines Limited (NYSE:AEM)

U S Global Investors Inc. grew its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 36.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,500 shares of the mining company’s stock after purchasing an additional 10,000 shares during the quarter. U S Global Investors Inc.’s holdings in Agnico Eagle Mines were worth $2,933,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Assenagon Asset Management S.A. raised its holdings in Agnico Eagle Mines by 12.9% in the third quarter. Assenagon Asset Management S.A. now owns 16,744 shares of the mining company’s stock worth $1,350,000 after buying an additional 1,916 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Agnico Eagle Mines by 53.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 22,607 shares of the mining company’s stock worth $1,821,000 after buying an additional 7,865 shares during the last quarter. Integrated Advisors Network LLC increased its stake in shares of Agnico Eagle Mines by 5.7% in the 3rd 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. Golden State Equity Partners purchased a new stake in Agnico Eagle Mines in the third quarter worth about $205,000. Finally, First Trust Direct Indexing L.P. lifted its holdings in Agnico Eagle Mines by 26.5% during the third quarter. First Trust Direct Indexing L.P. now owns 6,380 shares of the mining company’s stock valued at $514,000 after purchasing an additional 1,337 shares in the last quarter. 68.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AEM. StockNews.com downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. TD Securities lowered their price objective on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Raymond James set a $105.00 target price on shares of Agnico Eagle Mines and gave the stock an “outperform” rating in a report on Tuesday, February 4th. Scotiabank increased their price target on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. Finally, Jefferies Financial Group lifted their price target on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Agnico Eagle Mines currently has a consensus rating of “Moderate Buy” and an average price target of $95.78.

Agnico Eagle Mines Trading Down 3.4 %

Shares of Agnico Eagle Mines stock opened at $95.06 on Friday. The company has a market capitalization of $47.81 billion, a P/E ratio of 25.15, a P/E/G ratio of 0.66 and a beta of 1.10. 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 50 day moving average price of $89.08 and a 200 day moving average price of $84.56. Agnico Eagle Mines Limited has a 1 year low of $47.73 and a 1 year high of $101.45.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Thursday, February 13th. The mining company reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. Sell-side analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.40 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.68%. Agnico Eagle Mines’s dividend payout ratio is presently 42.33%.

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.