Gabelli Funds LLC Sells 65,050 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Gabelli Funds LLC decreased its position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 11.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 501,351 shares of the mining company's stock after selling 65,050 shares during the quarter. Gabelli Funds LLC owned about 0.10% of Agnico Eagle Mines worth $39,211,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc acquired a new position in Agnico Eagle Mines in the fourth quarter valued at $26,000. Smartleaf Asset Management LLC lifted its stake in shares of Agnico Eagle Mines by 859.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock valued at $28,000 after purchasing an additional 318 shares during the period. Decker Retirement Planning Inc. bought a new stake in shares of Agnico Eagle Mines during the 4th quarter valued at about $29,000. Fifth Third Bancorp grew its stake in Agnico Eagle Mines by 176.9% during the fourth 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 Agnico Eagle Mines by 37.3% in the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock worth $32,000 after purchasing an additional 112 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on AEM shares. TD Securities cut their price target on Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating on the stock in a report on Wednesday, February 19th. National Bank Financial upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, March 21st. StockNews.com lowered shares of Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. Stifel Canada raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Wednesday, March 19th. Finally, Royal Bank of Canada upped their price target on 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 investment analysts have rated the stock with a hold rating, seven have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Agnico Eagle Mines currently has a consensus rating of "Buy" and an average target price of $124.40.

Agnico Eagle Mines Stock Down 0.8 %

NYSE:AEM traded down $0.96 during trading hours 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 company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. The company has a market cap of $61.19 billion, a PE ratio of 32.16, a PEG ratio of 0.66 and a beta of 0.87. The firm's 50-day simple moving average is $103.84 and its 200-day simple moving average is $91.07.

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 earnings per share (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%. Equities analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.40 dividend. 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 is currently 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.