Aviso Financial Inc. Reduces Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Aviso Financial Inc. reduced its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 42.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,720 shares of the mining company's stock after selling 16,675 shares during the quarter. Aviso Financial Inc.'s holdings in Agnico Eagle Mines were worth $1,777,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Duncker Streett & Co. Inc. lifted its position in shares of Agnico Eagle Mines by 37.3% during 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 during the last quarter. Pinnacle Wealth Management Group Inc. lifted its holdings in shares of Agnico Eagle Mines by 0.5% during the 4th quarter. Pinnacle Wealth Management Group Inc. now owns 24,407 shares of the mining company's stock valued at $1,909,000 after purchasing an additional 125 shares during the last quarter. Diversify Wealth Management LLC lifted its holdings in shares of Agnico Eagle Mines by 2.1% during the 4th quarter. Diversify Wealth Management LLC now owns 6,753 shares of the mining company's stock valued at $569,000 after purchasing an additional 141 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Agnico Eagle Mines by 34.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the mining company's stock valued at $51,000 after buying an additional 165 shares during the last quarter. Finally, Scheer Rowlett & Associates Investment Management Ltd. raised its stake in Agnico Eagle Mines by 3.6% in the fourth quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 4,976 shares of the mining company's stock valued at $389,000 after buying an additional 171 shares during the last quarter. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several brokerages recently commented on AEM. StockNews.com lowered shares of Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Scotiabank raised their price target on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a "sector outperform" rating in a report on Tuesday, January 21st. Raymond James set a $105.00 target price on Agnico Eagle Mines and gave the stock an "outperform" rating in a research note on Tuesday, February 4th. TD Securities reduced their price target 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, Royal Bank of Canada raised their target price on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Agnico Eagle Mines has a consensus rating of "Moderate Buy" and an average price target of $95.78.

Agnico Eagle Mines Price Performance

NYSE AEM traded up $0.55 on Tuesday, hitting $105.83. The company had a trading volume of 2,751,908 shares, compared to its average volume of 2,338,486. The company has a market capitalization of $53.23 billion, a PE ratio of 28.00, a PEG ratio of 0.66 and a beta of 1.00. The company's fifty day moving average price is $93.99 and its 200-day moving average price is $86.23. 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 Limited has a 12-month low of $54.02 and a 12-month high of $107.76.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its quarterly earnings data on Thursday, February 13th. The mining company reported $1.26 EPS for the quarter, missing the consensus estimate 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, analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.60 annualized dividend and a yield of 1.51%. Agnico Eagle Mines's dividend payout ratio 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.