First Eagle Investment Management LLC Cuts Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

First Eagle Investment Management LLC reduced its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 3.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,676,455 shares of the mining company's stock after selling 270,856 shares during the period. First Eagle Investment Management LLC owned 1.33% of Agnico Eagle Mines worth $521,665,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of AEM. Principal Financial Group Inc. boosted its holdings in shares of Agnico Eagle Mines by 1.4% in the 3rd quarter. Principal Financial Group Inc. now owns 21,822 shares of the mining company's stock valued at $1,760,000 after buying an additional 302 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Agnico Eagle Mines by 30.6% in the 3rd quarter. Assetmark Inc. now owns 2,363 shares of the mining company's stock valued at $190,000 after buying an additional 554 shares in the last quarter. Atria Investments Inc bought a new stake in shares of Agnico Eagle Mines in the 3rd quarter valued at about $239,000. Sigma Planning Corp bought a new stake in shares of Agnico Eagle Mines in the 3rd quarter valued at about $208,000. Finally, GSA Capital Partners LLP boosted its holdings in shares of Agnico Eagle Mines by 132.2% in the 3rd quarter. GSA Capital Partners LLP now owns 18,472 shares of the mining company's stock valued at $1,488,000 after buying an additional 10,516 shares in the last quarter. 68.34% of the stock is currently owned by institutional investors.

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Agnico Eagle Mines Stock Performance

AEM traded up $0.55 during trading on Tuesday, reaching $105.83. 2,751,908 shares of the company's stock were exchanged, compared to its average volume of 2,338,487. Agnico Eagle Mines Limited has a 1 year low of $54.02 and a 1 year high of $107.76. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. The stock has a market capitalization of $53.23 billion, a P/E ratio of 28.00, a price-to-earnings-growth ratio of 0.66 and a beta of 1.00. The company's fifty day simple moving average is $93.99 and its 200-day simple moving average is $86.23.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, research analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Friday, February 28th. Agnico Eagle Mines's dividend payout ratio (DPR) is 42.33%.

Analyst Ratings Changes

AEM has been the topic of a number of recent analyst reports. TD Securities lowered their price target on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating on the stock in a report on Wednesday, February 19th. Royal Bank of Canada lifted their target price on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Scotiabank lifted their target price on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, January 21st. Jefferies Financial Group lifted 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 note on Tuesday, January 7th. Finally, 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. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $95.78.

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.