Stack Financial Management Inc Has $29.52 Million Stake in Agnico Eagle Mines Limited (NYSE:AEM)

Stack Financial Management Inc decreased its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 1.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 377,471 shares of the mining company's stock after selling 5,254 shares during the period. Agnico Eagle Mines makes up 2.7% of Stack Financial Management Inc's holdings, making the stock its 9th largest position. Stack Financial Management Inc owned 0.08% of Agnico Eagle Mines worth $29,522,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Pinnacle Wealth Management Group Inc. lifted its stake in Agnico Eagle Mines by 0.5% in the fourth quarter. Pinnacle Wealth Management Group Inc. now owns 24,407 shares of the mining company's stock valued at $1,909,000 after buying an additional 125 shares during the period. Diversify Wealth Management LLC increased its stake in shares of Agnico Eagle Mines by 2.1% in the 4th quarter. Diversify Wealth Management LLC now owns 6,753 shares of the mining company's stock valued at $569,000 after acquiring an additional 141 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Agnico Eagle Mines by 34.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the mining company's stock valued at $51,000 after acquiring an additional 165 shares during the period. Tectonic Advisors LLC boosted its stake in Agnico Eagle Mines by 0.8% during the 4th quarter. Tectonic Advisors LLC now owns 22,640 shares of the mining company's stock worth $1,771,000 after acquiring an additional 185 shares during the last quarter. Finally, Scheer Rowlett & Associates Investment Management Ltd. grew its holdings in Agnico Eagle Mines by 4.3% during the third quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 4,805 shares of the mining company's stock valued at $387,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 68.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Jefferies Financial Group increased their target price on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a "hold" rating in a report on Tuesday, January 7th. Royal Bank of Canada raised their price objective on Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Raymond James set a $105.00 target price on Agnico Eagle Mines and gave the company an "outperform" rating in a research note on Tuesday, February 4th. TD Securities dropped their price target on Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Finally, StockNews.com cut Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a report on Tuesday. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Agnico Eagle Mines presently has an average rating of "Moderate Buy" and an average price target of $95.78.

Agnico Eagle Mines Stock Up 1.4 %

Agnico Eagle Mines stock traded up $1.34 during midday trading on Friday, reaching $96.43. The stock had a trading volume of 3,617,888 shares, compared to its average volume of 2,266,471. Agnico Eagle Mines Limited has a 1-year low of $47.73 and a 1-year high of $101.45. 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 firm's fifty day simple moving average is $89.08 and its 200-day simple moving average is $84.56. The stock has a market capitalization of $48.50 billion, a P/E ratio of 25.51, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its quarterly earnings data on Thursday, February 13th. The mining company reported $1.26 EPS for the quarter, missing analysts' consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. As a group, analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Friday, February 28th. Agnico Eagle Mines's payout ratio is 42.33%.

About Agnico Eagle Mines

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.