Hussman Strategic Advisors Inc. Sells 102,000 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Hussman Strategic Advisors Inc. decreased its holdings in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 80.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,500 shares of the mining company's stock after selling 102,000 shares during the quarter. Hussman Strategic Advisors Inc.'s holdings in Agnico Eagle Mines were worth $1,994,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Versant Capital Management Inc bought a new stake in shares of Agnico Eagle Mines in the fourth quarter valued at approximately $26,000. Decker Retirement Planning Inc. acquired a new position in Agnico Eagle Mines in the 4th quarter valued at $29,000. FSC Wealth Advisors LLC bought a new stake in shares of Agnico Eagle Mines during the 3rd quarter valued at $32,000. Fifth Third Bancorp grew its holdings in shares of 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 purchasing an additional 260 shares in the last quarter. Finally, Montag A & Associates Inc. grew its holdings in shares of Agnico Eagle Mines by 85.2% during the 4th quarter. Montag A & Associates Inc. now owns 500 shares of the mining company's stock worth $39,000 after purchasing an additional 230 shares in the last quarter. 68.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AEM. Scotiabank upped their price objective on shares of 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. Royal Bank of Canada increased their price target on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Jefferies Financial Group boosted their price objective on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a "hold" rating in a research report on Tuesday, January 7th. StockNews.com raised Agnico Eagle Mines from a "buy" rating to a "strong-buy" rating in a report on Monday. Finally, TD Securities lowered their price target on Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating for the company in a report on Wednesday. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $94.63.

Agnico Eagle Mines Price Performance

Shares of NYSE AEM traded down $1.96 during mid-day trading on Friday, hitting $96.09. 2,378,830 shares of the stock traded hands, compared to its average volume of 2,187,109. The company has a market cap of $48.32 billion, a PE ratio of 25.42, a price-to-earnings-growth ratio of 0.67 and a beta of 1.10. Agnico Eagle Mines Limited has a twelve month low of $47.73 and a twelve month high of $101.45. 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 firm has a 50 day simple moving average of $87.71 and a two-hundred day simple moving average of $83.92.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its quarterly earnings results on Thursday, February 13th. The mining company reported $1.26 EPS for the quarter, missing analysts' consensus estimates 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, equities research analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Friday, February 28th. Agnico Eagle Mines's payout ratio 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.