Cadinha & Co. LLC Buys 8,000 Shares of Agnico Eagle Mines Limited $AEM

Cadinha & Co. LLC increased its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 249.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,211 shares of the mining company’s stock after purchasing an additional 8,000 shares during the quarter. Cadinha & Co. LLC’s holdings in Agnico Eagle Mines were worth $1,901,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Salvus Wealth Management LLC raised its holdings in Agnico Eagle Mines by 0.9% in the 4th quarter. Salvus Wealth Management LLC now owns 6,301 shares of the mining company’s stock worth $1,068,000 after purchasing an additional 57 shares during the period. Brookwood Investment Group LLC raised its holdings in Agnico Eagle Mines by 4.5% in the 4th quarter. Brookwood Investment Group LLC now owns 1,361 shares of the mining company’s stock worth $231,000 after purchasing an additional 58 shares during the period. Baron Wealth Management LLC raised its holdings in Agnico Eagle Mines by 3.2% during the fourth quarter. Baron Wealth Management LLC now owns 1,879 shares of the mining company’s stock valued at $319,000 after acquiring an additional 59 shares during the period. Pure Portfolios Holdings LLC raised its holdings in Agnico Eagle Mines by 1.6% during the third quarter. Pure Portfolios Holdings LLC now owns 3,781 shares of the mining company’s stock valued at $637,000 after acquiring an additional 60 shares during the period. Finally, Baker Ellis Asset Management LLC raised its holdings in Agnico Eagle Mines by 0.8% during the fourth quarter. Baker Ellis Asset Management LLC now owns 7,550 shares of the mining company’s stock valued at $1,280,000 after acquiring an additional 63 shares during the period. 68.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Zacks Research cut Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. JPMorgan Chase & Co. decreased their price target on Agnico Eagle Mines from $248.00 to $235.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Canadian Imperial Bank of Commerce decreased their price target on Agnico Eagle Mines from $312.00 to $304.00 and set an “outperform” rating on the stock in a report on Tuesday. Erste Group Bank cut Agnico Eagle Mines from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. Finally, TD raised their price target on Agnico Eagle Mines from $251.00 to $252.00 and gave the company a “buy” rating in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Agnico Eagle Mines currently has a consensus rating of “Moderate Buy” and a consensus price target of $239.36.

Agnico Eagle Mines Trading Down 2.5%

Shares of Agnico Eagle Mines stock opened at $198.94 on Friday. The firm has a market cap of $99.58 billion, a price-to-earnings ratio of 22.40 and a beta of 0.71. The business has a 50-day moving average price of $214.43 and a 200-day moving average price of $190.88. The company has a quick ratio of 1.33, a current ratio of 2.02 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines Limited has a twelve month low of $103.38 and a twelve month high of $255.24.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data on Thursday, February 12th. The mining company reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.56 by $0.13. The firm had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.40 billion. Agnico Eagle Mines had a return on equity of 18.09% and a net margin of 37.47%.The business’s quarterly revenue was up 60.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.26 earnings per share. Equities research analysts anticipate that Agnico Eagle Mines Limited will post 13.2 EPS for the current fiscal year.

Agnico Eagle Mines Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were given a $0.45 dividend. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, March 2nd. Agnico Eagle Mines’s dividend payout ratio (DPR) is 20.27%.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.