Fmr LLC Sells 1,614,987 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

FMR LLC reduced its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 10.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,446,257 shares of the mining company's stock after selling 1,614,987 shares during the quarter. FMR LLC owned 2.68% of Agnico Eagle Mines worth $1,051,893,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Prospector Partners LLC raised its position in Agnico Eagle Mines by 0.9% during the fourth quarter. Prospector Partners LLC now owns 59,544 shares of the mining company's stock valued at $4,657,000 after purchasing an additional 512 shares in the last quarter. Ruggaard & Associates LLC increased its stake in shares of Agnico Eagle Mines by 2.7% in the 4th quarter. Ruggaard & Associates LLC now owns 13,463 shares of the mining company's stock valued at $1,053,000 after purchasing an additional 351 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Agnico Eagle Mines by 24.5% during the 4th quarter. Quadrant Capital Group LLC now owns 787 shares of the mining company's stock worth $62,000 after buying an additional 155 shares in the last quarter. Old West Investment Management LLC lifted its position in shares of Agnico Eagle Mines by 19.9% during the 4th quarter. Old West Investment Management LLC now owns 107,355 shares of the mining company's stock worth $8,396,000 after buying an additional 17,785 shares during the last quarter. Finally, Aviva PLC boosted its stake in Agnico Eagle Mines by 155.7% in the fourth quarter. Aviva PLC now owns 301,844 shares of the mining company's stock valued at $23,567,000 after buying an additional 183,788 shares in the last quarter. Institutional investors own 68.34% of the company's stock.

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Analyst Upgrades and Downgrades

AEM has been the subject of a number of research reports. National Bank Financial raised shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, March 21st. Royal Bank of Canada increased their price objective on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Jefferies Financial Group boosted their target price on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a "hold" rating in a research note on Tuesday, January 7th. Scotiabank increased their price target on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a "sector outperform" rating in a research note on Tuesday, January 21st. Finally, Citigroup boosted their price objective on Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, March 31st. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of "Buy" and an average target price of $111.90.

Agnico Eagle Mines Trading Up 5.5 %

Shares of AEM traded up $6.18 during mid-day trading on Friday, reaching $117.73. 7,646,636 shares of the company were exchanged, compared to its average volume of 2,421,412. The business has a 50 day simple moving average of $101.63 and a two-hundred day simple moving average of $89.82. 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 has a market capitalization of $59.25 billion, a PE ratio of 31.14, a PEG ratio of 0.66 and a beta of 0.87. Agnico Eagle Mines Limited has a 52 week low of $60.15 and a 52 week high of $118.74.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly earnings results on Thursday, February 13th. The mining company reported $1.26 earnings per share (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%. On average, 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 firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.36%. Agnico Eagle Mines's payout ratio is currently 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.