Commonwealth Equity Services LLC reduced its position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 3.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,456 shares of the mining company's stock after selling 2,867 shares during the period. Commonwealth Equity Services LLC's holdings in Agnico Eagle Mines were worth $5,589,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc acquired a new position in Agnico Eagle Mines in the fourth quarter valued at approximately $26,000. Smartleaf Asset Management LLC lifted its holdings in shares of Agnico Eagle Mines by 859.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock worth $28,000 after purchasing an additional 318 shares during the last quarter. Decker Retirement Planning Inc. acquired a new position in Agnico Eagle Mines during the 4th quarter valued at approximately $29,000. Fifth Third Bancorp grew its stake 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. increased 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 worth $32,000 after buying an additional 112 shares during the period. 68.34% of the stock is owned by institutional investors and hedge funds.
Agnico Eagle Mines Price Performance
Shares of AEM stock traded down $0.72 during mid-day trading on Wednesday, hitting $104.73. 1,377,451 shares of the stock traded hands, compared to its average volume of 2,334,139. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86. The firm has a market cap of $52.68 billion, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 0.66 and a beta of 1.00. The company's 50-day simple moving average is $96.63 and its 200-day simple moving average is $87.32. Agnico Eagle Mines Limited has a twelve month low of $56.19 and a twelve month high of $107.88.
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 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, equities research analysts expect 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 announced 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. This represents a $1.60 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Friday, February 28th. Agnico Eagle Mines's dividend payout ratio is presently 42.33%.
Analyst Ratings Changes
Several equities analysts have recently commented on the stock. National Bank Financial upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, March 21st. Jefferies Financial Group upped their target price on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a "hold" rating in a research report on Tuesday, January 7th. Stifel Canada raised Agnico Eagle Mines to a "strong-buy" rating in a report on Wednesday, March 19th. Raymond James set a $105.00 price objective on Agnico Eagle Mines and gave the stock an "outperform" rating in a research report on Tuesday, February 4th. Finally, StockNews.com cut Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Agnico Eagle Mines presently has an average rating of "Buy" and an average target price of $95.78.
Check Out Our Latest Stock Analysis on AEM
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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