LGT Fund Management Co Ltd. Sells 2,900 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

LGT Fund Management Co Ltd. lessened its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 5.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,800 shares of the mining company's stock after selling 2,900 shares during the quarter. LGT Fund Management Co Ltd.'s holdings in Agnico Eagle Mines were worth $3,813,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Versant Capital Management Inc bought a new position in shares of Agnico Eagle Mines during the fourth quarter worth about $26,000. Smartleaf Asset Management LLC lifted its position in shares of 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 buying an additional 318 shares during the last quarter. Decker Retirement Planning Inc. acquired a new stake in Agnico Eagle Mines during the 4th quarter worth approximately $29,000. Fifth Third Bancorp lifted its holdings in Agnico Eagle Mines by 176.9% during the 4th 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 last quarter. Finally, Duncker Streett & Co. Inc. increased its stake in Agnico Eagle Mines by 37.3% during the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock worth $32,000 after acquiring an additional 112 shares during the period. 68.34% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Stock Performance

Shares of NYSE:AEM traded up $3.78 on Wednesday, hitting $99.65. 3,106,151 shares of the company were exchanged, compared to its average volume of 2,359,948. Agnico Eagle Mines Limited has a 1-year low of $53.11 and a 1-year high of $101.45. The stock's 50 day moving average price is $90.12 and its 200 day moving average price is $85.04. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $50.12 billion, a P/E ratio of 26.36, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its earnings results on Thursday, February 13th. The mining company reported $1.26 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%. Sell-side analysts predict that Agnico Eagle Mines Limited will post 4.63 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. Stockholders of record on Friday, February 28th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, February 28th. Agnico Eagle Mines's dividend payout ratio (DPR) is 42.33%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. TD Securities cut their price objective 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. Scotiabank boosted their target price on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a "sector outperform" rating in a research report on Tuesday, January 21st. Jefferies Financial Group boosted their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a "hold" rating in a report on Tuesday, January 7th. StockNews.com lowered Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. Finally, Raymond James set a $105.00 price target on Agnico Eagle Mines and gave the stock an "outperform" rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Agnico Eagle Mines has a consensus rating of "Moderate Buy" and a consensus price target of $95.78.

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.