Agnico Eagle Mines Limited (NYSE:AEM) is Nkcfo LLC's 2nd Largest Position

Nkcfo LLC lowered its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 330,133 shares of the mining company's stock after selling 12,000 shares during the period. Agnico Eagle Mines accounts for about 11.4% of Nkcfo LLC's holdings, making the stock its 2nd biggest position. Nkcfo LLC owned approximately 0.07% of Agnico Eagle Mines worth $25,820,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC raised its position in shares of Agnico Eagle Mines by 43.5% during the third quarter. FMR LLC now owns 15,061,244 shares of the mining company's stock worth $1,213,311,000 after purchasing an additional 4,562,005 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Agnico Eagle Mines by 16.1% during 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 purchasing an additional 817,240 shares in the last quarter. Van ECK Associates Corp raised its holdings in Agnico Eagle Mines by 3.6% during the fourth quarter. Van ECK Associates Corp now owns 22,322,859 shares of the mining company's stock worth $1,745,858,000 after buying an additional 778,919 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Agnico Eagle Mines by 262.5% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,060,402 shares of the mining company's stock valued at $85,413,000 after buying an additional 767,912 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted 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 valued at $326,571,000 after buying an additional 591,178 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AEM shares. TD Securities lowered their target price on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating on the stock in a report on Wednesday. StockNews.com raised Agnico Eagle Mines from a "buy" rating to a "strong-buy" rating in a research note on Monday. Royal Bank of Canada lifted their target price on Agnico Eagle Mines from $96.00 to $105.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Jefferies Financial Group increased their price target 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. Finally, Scotiabank raised their price objective 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. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Agnico Eagle Mines currently has an average rating of "Buy" and an average price target of $94.63.

Agnico Eagle Mines Stock Performance

AEM stock traded up $0.76 during midday trading on Wednesday, hitting $98.08. The company's stock had a trading volume of 3,141,296 shares, compared to its average volume of 2,172,443. Agnico Eagle Mines Limited has a 1 year low of $47.73 and a 1 year high of $101.45. The stock has a market cap of $49.33 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 0.64 and a beta of 1.10. The stock's 50-day moving average price is $87.21 and its 200 day moving average price is $83.66. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its quarterly earnings results on Thursday, February 13th. The mining company reported $1.26 earnings per share 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%. On average, equities analysts forecast that Agnico Eagle Mines Limited will post 4.71 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.63%. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 42.33%.

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.