Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Altrinsic Global Advisors LLC

Altrinsic Global Advisors LLC trimmed its holdings in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 18.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,083,391 shares of the mining company's stock after selling 252,526 shares during the quarter. Agnico Eagle Mines accounts for approximately 4.1% of Altrinsic Global Advisors LLC's investment portfolio, making the stock its 10th biggest holding. Altrinsic Global Advisors LLC owned 0.22% of Agnico Eagle Mines worth $84,732,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AEM. Versant Capital Management Inc purchased a new stake in shares of Agnico Eagle Mines in the fourth quarter worth about $26,000. Smartleaf Asset Management LLC lifted its holdings in Agnico Eagle Mines by 859.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock valued at $28,000 after acquiring an additional 318 shares during the period. Decker Retirement Planning Inc. purchased a new stake in Agnico Eagle Mines in the 4th quarter worth approximately $29,000. Fifth Third Bancorp grew its stake in shares of Agnico Eagle Mines by 176.9% during the 4th quarter. Fifth Third Bancorp now owns 407 shares of the mining company's stock worth $32,000 after purchasing an additional 260 shares during the period. Finally, Duncker Streett & Co. Inc. increased its holdings in shares of Agnico Eagle Mines by 37.3% during the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock valued at $32,000 after purchasing an additional 112 shares in the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. TD Securities lowered their price target on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating on the stock in a report on Wednesday, February 19th. Scotiabank reissued an "outperform" rating on shares of Agnico Eagle Mines in a research note on Monday, April 14th. Citigroup lifted their price target on Agnico Eagle Mines from $100.00 to $140.00 and gave the company a "buy" rating in a research note on Monday, March 31st. Raymond James increased their price target on Agnico Eagle Mines from $105.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Finally, UBS Group boosted their price objective on Agnico Eagle Mines from $110.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday, April 11th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $124.40.

Agnico Eagle Mines Trading Down 1.9 %

Shares of AEM stock opened at $121.15 on Wednesday. Agnico Eagle Mines Limited has a fifty-two week low of $61.56 and a fifty-two week high of $126.76. 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 stock's fifty day moving average is $104.72 and its two-hundred day moving average is $91.73. The firm has a market capitalization of $60.97 billion, a P/E ratio of 32.05, a PEG ratio of 0.66 and a beta of 0.87.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its quarterly earnings results on Thursday, February 13th. The mining company reported $1.26 earnings per share 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%. Research analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.40 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.32%. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 42.33%.

Agnico Eagle Mines Company 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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