Cadinha & Co. LLC Invests $13.23 Million in Agnico Eagle Mines Limited (NYSE:AEM)

Cadinha & Co. LLC purchased a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 241,195 shares of the mining company's stock, valued at approximately $13,230,000. Agnico Eagle Mines comprises approximately 2.1% of Cadinha & Co. LLC's investment portfolio, making the stock its 24th largest holding.

Several other large investors have also modified their holdings of the stock. IHT Wealth Management LLC raised its holdings in shares of Agnico Eagle Mines by 1.5% during the fourth quarter. IHT Wealth Management LLC now owns 14,049 shares of the mining company's stock valued at $988,000 after buying an additional 208 shares during the last quarter. Avidian Wealth Solutions LLC boosted its stake in shares of Agnico Eagle Mines by 4.7% during the 3rd quarter. Avidian Wealth Solutions LLC now owns 4,846 shares of the mining company's stock valued at $220,000 after buying an additional 216 shares during the period. Natixis Advisors L.P. lifted its stake in shares of Agnico Eagle Mines by 1.3% in the 3rd quarter. Natixis Advisors L.P. now owns 18,206 shares of the mining company's stock valued at $827,000 after purchasing an additional 242 shares during the last quarter. FirstPurpose Wealth LLC lifted its stake in shares of Agnico Eagle Mines by 3.8% in the 3rd quarter. FirstPurpose Wealth LLC now owns 7,174 shares of the mining company's stock valued at $326,000 after purchasing an additional 260 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Agnico Eagle Mines by 34.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,016 shares of the mining company's stock valued at $62,000 after purchasing an additional 263 shares during the last quarter. Institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Stock Performance

Shares of AEM stock traded up $1.41 during midday trading on Friday, hitting $62.01. 3,703,054 shares of the company were exchanged, compared to its average volume of 3,212,344. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.74 and a current ratio of 2.09. The firm has a market capitalization of $30.88 billion, a P/E ratio of 15.09, a PEG ratio of 26.82 and a beta of 1.06. Agnico Eagle Mines Limited has a 52 week low of $43.22 and a 52 week high of $62.48. The firm's 50 day moving average price is $52.42 and its two-hundred day moving average price is $50.90.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its earnings results on Friday, February 16th. The mining company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.48 by $0.09. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 5.54%. The company had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.72 billion. During the same period in the previous year, the company earned $0.41 EPS. The business's revenue for the quarter was up 26.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Agnico Eagle Mines Limited will post 2.3 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.58%. The ex-dividend date was Thursday, February 29th. Agnico Eagle Mines's dividend payout ratio is presently 38.93%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. TD Securities cut their target price on shares of Agnico Eagle Mines from $64.00 to $62.00 and set a "buy" rating for the company in a research report on Wednesday, February 21st. Raymond James boosted their price target on shares of Agnico Eagle Mines from $66.00 to $71.00 and gave the company an "outperform" rating in a research report on Friday, January 12th. Jefferies Financial Group began coverage on shares of Agnico Eagle Mines in a research report on Thursday, February 29th. They set a "hold" rating and a $54.00 target price on the stock. National Bank Financial restated an "outperform overweight" rating on shares of Agnico Eagle Mines in a report on Wednesday, January 3rd. Finally, CIBC cut their price objective on shares of Agnico Eagle Mines from $72.00 to $69.00 and set an "outperform" rating on the stock in a report on Wednesday, February 7th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $63.71.

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.

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