Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Cambiar Investors LLC

Cambiar Investors LLC trimmed its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 96.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,786 shares of the mining company's stock after selling 176,402 shares during the period. Cambiar Investors LLC's holdings in Agnico Eagle Mines were worth $453,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. FMR LLC boosted its holdings in Agnico Eagle Mines by 43.5% in the third quarter. FMR LLC now owns 15,061,244 shares of the mining company's stock valued at $1,213,311,000 after purchasing an additional 4,562,005 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Agnico Eagle Mines by 16.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,892,898 shares of the mining company's stock valued at $474,660,000 after buying an additional 817,240 shares during the period. National Bank of Canada FI boosted its stake in shares of Agnico Eagle Mines by 7.4% in the third quarter. National Bank of Canada FI now owns 4,155,349 shares of the mining company's stock worth $334,749,000 after buying an additional 285,565 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Agnico Eagle Mines by 17.1% in the third quarter. The Manufacturers Life Insurance Company now owns 4,051,140 shares of the mining company's stock worth $326,571,000 after buying an additional 591,178 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Agnico Eagle Mines by 8.6% during the third quarter. Geode Capital Management LLC now owns 2,256,714 shares of the mining company's stock worth $183,491,000 after acquiring an additional 178,999 shares during the period. 68.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on AEM. Jefferies Financial Group upped their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a "hold" rating in a research report on Tuesday, January 7th. Scotiabank increased their price target on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a "sector outperform" rating in a report on Tuesday, January 21st. Finally, Royal Bank of Canada lifted their price objective on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the company an "outperform" rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $92.75.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock traded down $5.06 during midday trading on Friday, reaching $95.75. The company had a trading volume of 4,623,011 shares, compared to its average volume of 1,902,290. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83. Agnico Eagle Mines Limited has a 12-month low of $45.75 and a 12-month high of $101.45. The company has a market capitalization of $48.09 billion, a P/E ratio of 47.87, a P/E/G ratio of 0.66 and a beta of 1.10. The firm's fifty day simple moving average is $86.51 and its 200-day simple moving average is $83.22.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its 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 net margin of 12.86% and a return on equity of 8.88%. As a group, equities analysts anticipate that Agnico Eagle Mines Limited will post 4.14 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, February 28th. Agnico Eagle Mines's payout ratio is 80.00%.

Agnico Eagle Mines 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.