Financial Sense Advisors Inc. cut its holdings in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 15.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,224 shares of the mining company's stock after selling 9,679 shares during the quarter. Agnico Eagle Mines makes up approximately 1.4% of Financial Sense Advisors Inc.'s portfolio, making the stock its 19th largest holding. Financial Sense Advisors Inc.'s holdings in Agnico Eagle Mines were worth $4,163,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Versant Capital Management Inc acquired a new stake in Agnico Eagle Mines during the fourth quarter worth approximately $26,000. Decker Retirement Planning Inc. acquired a new stake in Agnico Eagle Mines during the fourth quarter worth approximately $29,000. FSC Wealth Advisors LLC acquired a new stake in Agnico Eagle Mines during the third quarter worth approximately $32,000. Fifth Third Bancorp boosted its position in Agnico Eagle Mines by 176.9% during the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company's stock worth $32,000 after acquiring an additional 260 shares during the last quarter. Finally, Montag A & Associates Inc. boosted its position in Agnico Eagle Mines by 85.2% during the fourth quarter. Montag A & Associates Inc. now owns 500 shares of the mining company's stock worth $39,000 after acquiring an additional 230 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of brokerages recently issued reports on AEM. Jefferies Financial Group raised 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. StockNews.com raised shares of Agnico Eagle Mines from a "buy" rating to a "strong-buy" rating in a research note on Monday. Royal Bank of Canada raised their target price on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. TD Securities cut their target price on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating on the stock in a research note on Wednesday. Finally, Scotiabank raised their target price on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the company a "sector outperform" rating in a research note on Tuesday, January 21st. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Agnico Eagle Mines currently has a consensus rating of "Buy" and an average price target of $94.63.
Get Our Latest Research Report on AEM
Agnico Eagle Mines Stock Performance
Shares of NYSE AEM traded down $1.65 during midday trading on Friday, hitting $96.39. The company's stock had a trading volume of 1,754,765 shares, compared to its average volume of 2,165,475. Agnico Eagle Mines Limited has a 1-year low of $47.73 and a 1-year high of $101.45. The firm's fifty day moving average price is $87.46 and its 200-day moving average price is $83.76. 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 $48.48 billion, a P/E ratio of 25.50, a P/E/G ratio of 0.67 and a beta of 1.10.
Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted 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 net margin of 22.88% and a return on equity of 10.45%. On average, sell-side analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.
Agnico Eagle Mines Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.40 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.60 annualized dividend and a yield of 1.66%. Agnico Eagle Mines's dividend payout ratio is presently 42.33%.
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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