Chiron Investment Management LLC Sells 35,545 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Chiron Investment Management LLC cut its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 42.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,025 shares of the mining company's stock after selling 35,545 shares during the quarter. Chiron Investment Management LLC's holdings in Agnico Eagle Mines were worth $3,834,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Mariner LLC raised its holdings in shares of Agnico Eagle Mines by 15.9% in the 4th quarter. Mariner LLC now owns 45,024 shares of the mining company's stock valued at $3,521,000 after buying an additional 6,171 shares during the period. Cohen & Steers Inc. acquired a new position in Agnico Eagle Mines during the fourth quarter worth about $5,106,000. WealthTrust Axiom LLC boosted its position in Agnico Eagle Mines by 0.8% during the fourth quarter. WealthTrust Axiom LLC now owns 46,661 shares of the mining company's stock worth $3,649,000 after acquiring an additional 367 shares during the last quarter. Townsquare Capital LLC increased its position in Agnico Eagle Mines by 1.4% during the fourth quarter. Townsquare Capital LLC now owns 105,313 shares of the mining company's stock worth $8,236,000 after purchasing an additional 1,417 shares during the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new position in shares of Agnico Eagle Mines during the 4th quarter valued at $783,000. Hedge funds and other institutional investors own 68.34% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. UBS Group lifted their target price on Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a "neutral" rating in a research report on Friday, April 11th. Citigroup boosted their price objective on shares of Agnico Eagle Mines from $100.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, March 31st. Bank of America upped their target price on Agnico Eagle Mines from $119.00 to $142.00 and gave the stock a "buy" rating in a research report on Tuesday, April 8th. Scotiabank reiterated an "outperform" rating on shares of Agnico Eagle Mines in a research report on Monday. Finally, Royal Bank of Canada boosted their target price on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $124.40.

Agnico Eagle Mines Price Performance

Shares of AEM traded down $0.96 during midday trading on Friday, hitting $121.58. 3,552,155 shares of the company traded hands, compared to its average volume of 2,421,997. Agnico Eagle Mines Limited has a one year low of $61.56 and a one year high of $125.94. The firm has a market cap of $61.19 billion, a P/E ratio of 32.16, a PEG ratio of 0.66 and a beta of 0.87. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. The stock has a 50-day moving average of $103.37 and a 200-day moving average of $90.80.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its quarterly earnings data 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 return on equity of 10.45% and a net margin of 22.88%. As a group, sell-side analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.60 annualized dividend and a yield of 1.32%. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 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.