Agnico Eagle Mines Limited (NYSE:AEM) Shares Acquired by Cheviot Value Management LLC

Cheviot Value Management LLC raised its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 471,787 shares of the mining company's stock after purchasing an additional 6,765 shares during the period. Agnico Eagle Mines accounts for 7.1% of Cheviot Value Management LLC's investment portfolio, making the stock its 3rd largest holding. Cheviot Value Management LLC owned approximately 0.09% of Agnico Eagle Mines worth $36,898,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Versant Capital Management Inc purchased a new stake in shares of Agnico Eagle Mines in the 4th quarter valued at approximately $26,000. Smartleaf Asset Management LLC grew its position in shares of Agnico Eagle Mines by 859.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock valued at $28,000 after buying an additional 318 shares during the last quarter. Decker Retirement Planning Inc. purchased a new position in Agnico Eagle Mines during the 4th quarter worth $29,000. Fifth Third Bancorp grew its position in Agnico Eagle Mines by 176.9% during the 4th quarter. Fifth Third Bancorp now owns 407 shares of the mining company's stock worth $32,000 after purchasing an additional 260 shares during the last quarter. Finally, Duncker Streett & Co. Inc. grew its position in Agnico Eagle Mines by 37.3% during the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock worth $32,000 after purchasing an additional 112 shares during the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on AEM. National Bank Financial upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st. Bank of America raised their target price on shares of Agnico Eagle Mines from $119.00 to $142.00 and gave the stock a "buy" rating in a research note on Tuesday, April 8th. Citigroup raised their target price on shares of Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, March 31st. UBS Group raised their price objective on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, April 11th. Finally, BMO Capital Markets started coverage on shares of Agnico Eagle Mines in a research note on Wednesday, April 16th. They issued an "outperform" rating and a $181.00 price objective for the company. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, Agnico Eagle Mines currently has an average rating of "Buy" and an average price target of $124.40.

Agnico Eagle Mines Stock Up 0.4 %

NYSE:AEM traded up $0.46 during mid-day trading on Wednesday, hitting $116.83. The company had a trading volume of 1,346,252 shares, compared to its average volume of 2,433,656. The business has a fifty day simple moving average of $106.87 and a 200-day simple moving average of $93.11. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines Limited has a 1 year low of $63.01 and a 1 year high of $126.76. The firm has a market capitalization of $58.80 billion, a price-to-earnings ratio of 30.91, a PEG ratio of 0.66 and a beta of 0.87.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly earnings data on Thursday, April 24th. The mining company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.39 by $0.14. Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. The company had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same period last year, the company posted $0.76 earnings per share. The firm's revenue was up 34.9% compared to the same quarter last year. Equities analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Monday, December 1st. Agnico Eagle Mines's payout ratio is 34.04%.

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.