Agnico Eagle Mines Limited (NYSE:AEM) Stake Lessened by HighTower Advisors LLC

HighTower Advisors LLC lowered its holdings in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 5.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 47,541 shares of the mining company's stock after selling 2,525 shares during the quarter. HighTower Advisors LLC's holdings in Agnico Eagle Mines were worth $3,718,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Versant Capital Management Inc acquired a new stake in shares of Agnico Eagle Mines during the 4th quarter worth about $26,000. Smartleaf Asset Management LLC raised its position 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 purchasing an additional 318 shares during the period. Decker Retirement Planning Inc. acquired a new position in shares of Agnico Eagle Mines during the fourth quarter worth about $29,000. Fifth Third Bancorp boosted its position in shares of Agnico Eagle Mines by 176.9% in the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company's stock worth $32,000 after buying an additional 260 shares during the period. Finally, Duncker Streett & Co. Inc. grew its stake in shares of Agnico Eagle Mines by 37.3% in the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock valued at $32,000 after buying an additional 112 shares in the last quarter. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

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Agnico Eagle Mines Price Performance

Shares of AEM traded down $0.17 during mid-day trading on Monday, hitting $104.18. The company's stock had a trading volume of 1,934,087 shares, compared to its average volume of 2,323,005. Agnico Eagle Mines Limited has a fifty-two week low of $55.98 and a fifty-two week high of $107.88. The stock has a market capitalization of $52.40 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 0.66 and a beta of 1.00. The firm has a 50-day moving average price of $95.77 and a 200 day moving average price of $86.94. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86.

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 (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.44). Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. On average, research analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend was Friday, February 28th. Agnico Eagle Mines's dividend payout ratio is 42.33%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Scotiabank upped their price target on Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a "sector outperform" rating in a report on Tuesday, January 21st. Stifel Canada upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Wednesday, March 19th. Jefferies Financial Group boosted their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a "hold" rating in a research report on Tuesday, January 7th. TD Securities decreased their target price on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Finally, StockNews.com downgraded Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Agnico Eagle Mines currently has an average rating of "Buy" and an average price target of $95.78.

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.