Wilbanks Smith & Thomas Asset Management LLC Makes New Investment in Agnico Eagle Mines Limited (NYSE:AEM)

Wilbanks Smith & Thomas Asset Management LLC acquired a new position in shares of Agnico Eagle Mines Limited (NYSE:AEMGet Rating) (TSE:AEM) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,830 shares of the mining company’s stock, valued at approximately $204,000.

Several other institutional investors also recently made changes to their positions in AEM. Prospector Partners LLC boosted its holdings in Agnico Eagle Mines by 3.6% in the third quarter. Prospector Partners LLC now owns 67,200 shares of the mining company’s stock valued at $3,484,000 after purchasing an additional 2,350 shares in the last quarter. Benson Investment Management Company Inc. acquired a new stake in shares of Agnico Eagle Mines in the fourth quarter valued at approximately $4,553,000. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Agnico Eagle Mines by 4.8% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 20,202 shares of the mining company’s stock valued at $1,047,000 after acquiring an additional 924 shares during the period. Capula Management Ltd acquired a new stake in shares of Agnico Eagle Mines in the third quarter valued at approximately $386,000. Finally, American Century Companies Inc. boosted its holdings in shares of Agnico Eagle Mines by 0.7% in the fourth quarter. American Century Companies Inc. now owns 424,545 shares of the mining company’s stock valued at $22,560,000 after acquiring an additional 2,931 shares during the period. 64.62% of the stock is owned by institutional investors and hedge funds.

AEM has been the subject of several research analyst reports. TheStreet raised Agnico Eagle Mines from a “c+” rating to a “b” rating in a report on Wednesday, March 23rd. StockNews.com assumed coverage on Agnico Eagle Mines in a research note on Thursday, March 31st. They set a “hold” rating for the company. TD Securities cut their price objective on Agnico Eagle Mines from $65.00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday, March 1st. Canaccord Genuity Group cut their price objective on Agnico Eagle Mines from C$90.00 to C$84.00 and set a “buy” rating for the company in a research report on Tuesday, March 1st. Finally, Raymond James set a $76.00 price objective on Agnico Eagle Mines and gave the stock an “outperform” rating in a research report on Friday. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $83.68.

NYSE:AEM traded up $2.38 during mid-day trading on Friday, reaching $58.23. The company’s stock had a trading volume of 4,582,820 shares, compared to its average volume of 2,693,250. The company’s fifty day simple moving average is $60.05 and its two-hundred day simple moving average is $54.91. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.71 and a quick ratio of 0.56. Agnico Eagle Mines Limited has a twelve month low of $45.42 and a twelve month high of $74.50. The stock has a market cap of $14.30 billion, a P/E ratio of 30.17, a P/E/G ratio of 25.57 and a beta of 0.86.

Agnico Eagle Mines (NYSE:AEMGet Rating) (TSE:AEM) last issued its quarterly earnings results on Thursday, April 28th. The mining company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.18. Agnico Eagle Mines had a return on equity of 10.03% and a net margin of 14.16%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the company earned $0.67 EPS. The firm’s quarterly revenue was up 39.6% on a year-over-year basis. Sell-side analysts expect that Agnico Eagle Mines Limited will post 2.14 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Monday, March 7th were paid a $0.40 dividend. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend was Friday, March 4th. Agnico Eagle Mines’s payout ratio is currently 82.90%.

Agnico Eagle Mines Company Profile (Get Rating)

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Sweden, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.

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Institutional Ownership by Quarter for Agnico Eagle Mines (NYSE:AEM)

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