Plancorp LLC lowered its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 8.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,758 shares of the mining company's stock after selling 7,040 shares during the quarter. Plancorp LLC's holdings in Agnico Eagle Mines were worth $5,612,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in shares of Agnico Eagle Mines by 1.4% during the 3rd quarter. Principal Financial Group Inc. now owns 21,822 shares of the mining company's stock valued at $1,760,000 after acquiring an additional 302 shares in the last quarter. Atria Investments Inc bought a new stake in shares of Agnico Eagle Mines during the 3rd quarter worth about $239,000. Natixis Advisors LLC boosted its stake in Agnico Eagle Mines by 8.9% during the 3rd quarter. Natixis Advisors LLC now owns 86,621 shares of the mining company's stock valued at $6,978,000 after purchasing an additional 7,099 shares in the last quarter. Pathstone Holdings LLC boosted its holdings in Agnico Eagle Mines by 1.4% during the third quarter. Pathstone Holdings LLC now owns 16,468 shares of the mining company's stock worth $1,327,000 after buying an additional 230 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Agnico Eagle Mines by 8.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 11,995 shares of the mining company's stock worth $966,000 after acquiring an additional 965 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on AEM shares. National Bank Financial raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, March 21st. Scotiabank increased their price target on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the company a "sector outperform" rating in a report on Tuesday, January 21st. TD Securities lowered their price objective on Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. StockNews.com cut shares of Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. Finally, Royal Bank of Canada lifted their target price on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two 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 an average target price of $95.78.
Check Out Our Latest Research Report on AEM
Agnico Eagle Mines Stock Performance
Shares of NYSE AEM traded down $0.49 during midday trading on Wednesday, reaching $104.96. The company's stock had a trading volume of 149,343 shares, compared to its average volume of 2,311,486. The firm has a 50 day moving average price of $96.63 and a 200-day moving average price of $87.32. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. The stock has a market capitalization of $52.79 billion, a P/E ratio of 27.77, a PEG ratio of 0.66 and a beta of 1.00. Agnico Eagle Mines Limited has a 12-month low of $56.19 and a 12-month high of $107.88.
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%. As a group, 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 announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Friday, February 28th. Agnico Eagle Mines's payout ratio is presently 42.33%.
About Agnico Eagle Mines
(
Free Report)
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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