Cutler Capital Management LLC lessened its holdings in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,436 shares of the mining company's stock after selling 6,571 shares during the quarter. Agnico Eagle Mines makes up about 3.9% of Cutler Capital Management LLC's investment portfolio, making the stock its 2nd largest holding. Cutler Capital Management LLC's holdings in Agnico Eagle Mines were worth $11,062,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the business. Duncker Streett & Co. Inc. lifted its stake in Agnico Eagle Mines by 37.3% in the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock valued at $32,000 after buying an additional 112 shares during the last quarter. Pinnacle Wealth Management Group Inc. lifted its position in Agnico Eagle Mines by 0.5% in the 4th quarter. Pinnacle Wealth Management Group Inc. now owns 24,407 shares of the mining company's stock valued at $1,909,000 after purchasing an additional 125 shares during the last quarter. Diversify Wealth Management LLC boosted its stake in Agnico Eagle Mines by 2.1% during the 4th quarter. Diversify Wealth Management LLC now owns 6,753 shares of the mining company's stock valued at $569,000 after purchasing an additional 141 shares during the period. Quadrant Capital Group LLC grew its position in Agnico Eagle Mines by 24.5% in the 4th quarter. Quadrant Capital Group LLC now owns 787 shares of the mining company's stock worth $62,000 after purchasing an additional 155 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of Agnico Eagle Mines by 34.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the mining company's stock valued at $51,000 after purchasing an additional 165 shares during the period. Institutional investors own 68.34% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on AEM shares. Citigroup increased their price objective on Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a "buy" rating in a report on Monday, March 31st. National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, March 21st. Bank of America upped their price objective on shares of Agnico Eagle Mines from $119.00 to $142.00 and gave the stock a "buy" rating in a report on Tuesday, April 8th. Jefferies Financial Group raised their target price on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a "hold" rating in a research note on Tuesday, January 7th. Finally, Raymond James upped their price target on shares of Agnico Eagle Mines from $105.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $114.00.
Get Our Latest Stock Report on AEM
Agnico Eagle Mines Price Performance
Shares of NYSE AEM traded down $0.14 during trading on Monday, hitting $117.51. The company had a trading volume of 1,664,662 shares, compared to its average volume of 2,418,659. The company has a market cap of $59.14 billion, a P/E ratio of 31.09, a PEG ratio of 0.66 and a beta of 0.87. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86. The business's 50-day moving average is $101.63 and its 200 day moving average is $89.82. Agnico Eagle Mines Limited has a 52 week low of $60.15 and a 52 week high of $119.22.
Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its earnings results on Thursday, February 13th. The mining company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.44). Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. Equities research analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.
Agnico Eagle Mines Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.36%. The ex-dividend date was Friday, February 28th. Agnico Eagle Mines's payout ratio is 42.33%.
Agnico Eagle Mines Profile
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Free Report)
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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