Envestnet Asset Management Inc. Decreases Stake in Agnico Eagle Mines Limited (NYSE:AEM)

Envestnet Asset Management Inc. lowered its position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 275,479 shares of the mining company's stock after selling 9,985 shares during the quarter. Envestnet Asset Management Inc. owned 0.05% of Agnico Eagle Mines worth $21,545,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. MML Investors Services LLC acquired a new position in Agnico Eagle Mines in the third quarter valued at about $252,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Agnico Eagle Mines in the third quarter valued at approximately $358,000. Geode Capital Management LLC raised its holdings in shares of Agnico Eagle Mines by 8.6% during the third quarter. Geode Capital Management LLC now owns 2,256,714 shares of the mining company's stock worth $183,491,000 after acquiring an additional 178,999 shares during the period. Te Ahumairangi Investment Management Ltd lifted its position in Agnico Eagle Mines by 1.7% in the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 63,461 shares of the mining company's stock valued at $5,089,000 after acquiring an additional 1,047 shares in the last quarter. Finally, World Investment Advisors LLC acquired a new position in Agnico Eagle Mines in the 3rd quarter worth $359,000. Institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Trading Down 0.8 %

Shares of NYSE:AEM traded down $0.96 during midday trading on Friday, reaching $121.58. The company's stock had a trading volume of 3,552,155 shares, compared to its average volume of 2,421,997. The firm has a 50 day moving average price of $103.37 and a two-hundred day moving average price of $90.80. Agnico Eagle Mines Limited has a fifty-two week low of $61.56 and a fifty-two week high of $125.94. The firm has a market capitalization of $61.19 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 0.66 and a beta of 0.87. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly earnings data 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 net margin of 22.88% and a return on equity of 10.45%. As a group, analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend was Friday, February 28th. Agnico Eagle Mines's dividend payout ratio is currently 42.33%.

Analysts Set New Price Targets

AEM has been the topic of several analyst reports. Royal Bank of Canada upped their target price on Agnico Eagle Mines from $110.00 to $115.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Jefferies Financial Group boosted their price objective on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a "hold" rating in a research note on Tuesday, January 7th. StockNews.com cut shares of Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. UBS Group increased their target price on Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday, April 11th. Finally, Bank of America upped their price objective 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, April 8th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $124.40.

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.