Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Heathbridge Capital Management Ltd.

Heathbridge Capital Management Ltd. trimmed its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 25.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 187,800 shares of the mining company's stock after selling 63,000 shares during the quarter. Agnico Eagle Mines comprises 5.8% of Heathbridge Capital Management Ltd.'s holdings, making the stock its 6th largest position. Heathbridge Capital Management Ltd.'s holdings in Agnico Eagle Mines were worth $14,678,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Versant Capital Management Inc acquired a new stake in Agnico Eagle Mines in the fourth quarter valued at approximately $26,000. Decker Retirement Planning Inc. purchased a new position in shares of Agnico Eagle Mines in the fourth quarter valued at approximately $29,000. FSC Wealth Advisors LLC purchased a new position in shares of Agnico Eagle Mines in the third quarter valued at approximately $32,000. Fifth Third Bancorp lifted its position in shares of Agnico Eagle Mines by 176.9% in the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company's stock valued at $32,000 after acquiring an additional 260 shares in the last quarter. Finally, Montag A & Associates Inc. lifted its position in shares of Agnico Eagle Mines by 85.2% in the fourth quarter. Montag A & Associates Inc. now owns 500 shares of the mining company's stock valued at $39,000 after acquiring an additional 230 shares in the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AEM shares. TD Securities decreased their target price on Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating on the stock in a research report on Wednesday. Scotiabank lifted their price objective on Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, January 21st. Jefferies Financial Group lifted their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a "hold" rating in a research report on Tuesday, January 7th. Royal Bank of Canada lifted their price objective on Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Finally, StockNews.com upgraded Agnico Eagle Mines from a "buy" rating to a "strong-buy" rating in a research report on Monday. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $94.63.

Agnico Eagle Mines Stock Performance

AEM traded down $0.05 on Thursday, hitting $98.01. 2,463,310 shares of the company traded hands, compared to its average volume of 2,181,293. The company has a 50 day moving average of $87.46 and a 200-day moving average of $83.76. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $49.29 billion, a PE ratio of 25.93, a PEG ratio of 0.65 and a beta of 1.10. Agnico Eagle Mines Limited has a 12-month low of $47.73 and a 12-month high of $101.45.

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 (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%. Sell-side analysts anticipate that Agnico Eagle Mines Limited will post 4.7 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Friday, February 28th. Agnico Eagle Mines's dividend payout ratio (DPR) is 42.33%.

Agnico Eagle Mines 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.