Lansdowne Partners UK LLP Sells 6,267 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Lansdowne Partners UK LLP trimmed its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 52.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,738 shares of the mining company's stock after selling 6,267 shares during the period. Agnico Eagle Mines makes up about 0.0% of Lansdowne Partners UK LLP's holdings, making the stock its 22nd biggest position. Lansdowne Partners UK LLP's holdings in Agnico Eagle Mines were worth $449,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AEM. Duncker Streett & Co. Inc. boosted its holdings in shares of Agnico Eagle Mines by 37.3% during the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock worth $32,000 after purchasing an additional 112 shares during the period. Pinnacle Wealth Management Group Inc. boosted its stake in shares of Agnico Eagle Mines by 0.5% during the 4th quarter. Pinnacle Wealth Management Group Inc. now owns 24,407 shares of the mining company's stock valued at $1,909,000 after buying an additional 125 shares during the period. Diversify Wealth Management LLC grew its holdings in shares of Agnico Eagle Mines by 2.1% during the 4th quarter. Diversify Wealth Management LLC now owns 6,753 shares of the mining company's stock valued at $569,000 after acquiring an additional 141 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Agnico Eagle Mines by 24.5% in the fourth quarter. Quadrant Capital Group LLC now owns 787 shares of the mining company's stock worth $62,000 after acquiring an additional 155 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Agnico Eagle Mines by 34.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the mining company's stock worth $51,000 after acquiring an additional 165 shares in the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

Agnico Eagle Mines Stock Performance

Shares of AEM traded down $0.96 during trading hours on Thursday, reaching $121.58. 3,552,155 shares of the company traded hands, compared to its average volume of 2,426,124. 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 stock's fifty day moving average is $102.95 and its 200 day moving average is $90.51. Agnico Eagle Mines Limited has a 1-year low of $61.56 and a 1-year high of $125.94. The stock has a market cap of $61.19 billion, a P/E ratio of 32.16, a price-to-earnings-growth ratio of 0.66 and a beta of 0.87.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its 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 return on equity of 10.45% and a net margin of 22.88%. Equities research analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.60 annualized dividend and a dividend yield of 1.32%. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 42.33%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Bank of America upped their target price on Agnico Eagle Mines from $119.00 to $142.00 and gave the stock a "buy" rating in a research report on Tuesday, April 8th. Citigroup raised their price objective on Agnico Eagle Mines from $100.00 to $140.00 and gave the company a "buy" rating in a research note on Monday, March 31st. Royal Bank of Canada increased their price target on Agnico Eagle Mines from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Scotiabank restated an "outperform" rating on shares of Agnico Eagle Mines in a research note on Monday. Finally, TD Securities lowered 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, February 19th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $124.40.

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.