Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lowered its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,928,493 shares of the mining company's stock after selling 264,215 shares during the quarter. Bank of Montreal Can owned approximately 1.98% of Agnico Eagle Mines worth $775,764,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new stake in shares of Agnico Eagle Mines during the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC increased its position in Agnico Eagle Mines by 859.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock valued at $28,000 after acquiring an additional 318 shares during the period. Decker Retirement Planning Inc. purchased a new stake in shares of Agnico Eagle Mines during the fourth quarter worth approximately $29,000. Fifth Third Bancorp raised its position 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 buying an additional 260 shares during the last quarter. Finally, Duncker Streett & Co. Inc. lifted its position in 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 purchasing an additional 112 shares during the period. Institutional investors and hedge funds own 68.34% of the company's stock.

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Agnico Eagle Mines Trading Up 5.5 %

AEM traded up $6.18 during trading on Friday, hitting $117.73. The company's stock had a trading volume of 7,646,636 shares, compared to its average volume of 2,434,620. Agnico Eagle Mines Limited has a twelve month low of $60.15 and a twelve month high of $118.74. The stock has a market cap of $59.22 billion, a PE ratio of 31.14, a PEG ratio of 0.66 and a beta of 0.87. The firm's 50 day moving average price is $101.63 and its 200-day moving average price is $89.78. 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 released its earnings results on Thursday, February 13th. The mining company reported $1.26 earnings per share 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%. On average, analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Announces Dividend

The business 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. The ex-dividend date was Friday, February 28th. This represents a $1.60 annualized dividend and a dividend yield of 1.36%. Agnico Eagle Mines's dividend payout ratio is presently 42.33%.

Wall Street Analysts Forecast Growth

AEM has been the topic of a number of recent analyst reports. Citigroup upped their price target on shares of Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, March 31st. Stifel Canada upgraded Agnico Eagle Mines to a "strong-buy" rating in a research report on Wednesday, March 19th. National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st. UBS Group increased their price objective on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday. Finally, Bank of America lifted their target price on shares of Agnico Eagle Mines from $119.00 to $142.00 and gave the stock a "buy" rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $111.90.

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.