Cerity Partners LLC Acquires 6,350 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Cerity Partners LLC boosted its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 106.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,341 shares of the mining company’s stock after acquiring an additional 6,350 shares during the quarter. Cerity Partners LLC’s holdings in Agnico Eagle Mines were worth $677,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bruce G. Allen Investments LLC purchased a new position in shares of Agnico Eagle Mines during the fourth quarter worth about $33,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Agnico Eagle Mines during the third quarter valued at approximately $34,000. CVA Family Office LLC purchased a new position in Agnico Eagle Mines in the 4th quarter worth approximately $36,000. Anchor Investment Management LLC bought a new position in shares of Agnico Eagle Mines in the 4th quarter worth $55,000. Finally, Assetmark Inc. bought a new position in shares of Agnico Eagle Mines in the 3rd quarter worth $87,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Price Performance

Shares of Agnico Eagle Mines stock opened at $62.92 on Wednesday. The firm has a market cap of $31.37 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 0.96 and a beta of 1.06. The company’s fifty day simple moving average is $55.81 and its two-hundred day simple moving average is $52.29. The company has a quick ratio of 0.74, a current ratio of 2.09 and a debt-to-equity ratio of 0.10. Agnico Eagle Mines Limited has a 12-month low of $43.22 and a 12-month high of $64.19.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings results on Friday, February 16th. The mining company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.09. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.72 billion. Agnico Eagle Mines had a return on equity of 5.54% and a net margin of 29.29%. Agnico Eagle Mines’s quarterly revenue was up 26.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.41 EPS. As a group, equities analysts expect that Agnico Eagle Mines Limited will post 2.51 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date was Thursday, February 29th. Agnico Eagle Mines’s payout ratio is 38.93%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. CIBC cut their target price on shares of Agnico Eagle Mines from $72.00 to $69.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. TD Securities reduced their price objective on Agnico Eagle Mines from $64.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Raymond James boosted their target price on Agnico Eagle Mines from $66.00 to $71.00 and gave the stock an “outperform” rating in a research report on Friday, January 12th. National Bank Financial reiterated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. Finally, Jefferies Financial Group lifted their price target on shares of Agnico Eagle Mines from $54.00 to $57.00 and gave the stock a “hold” rating in a research note on Monday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Agnico Eagle Mines currently has an average rating of “Moderate Buy” and an average target price of $64.14.

Agnico Eagle Mines 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.