Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Nikko Asset Management Americas Inc.

Nikko Asset Management Americas Inc. decreased its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 13.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,392 shares of the mining company's stock after selling 4,331 shares during the period. Nikko Asset Management Americas Inc.'s holdings in Agnico Eagle Mines were worth $2,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new position in shares of Agnico Eagle Mines in the fourth quarter worth about $26,000. Smartleaf Asset Management LLC raised its position in Agnico Eagle Mines by 859.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock worth $28,000 after buying an additional 318 shares during the last quarter. Decker Retirement Planning Inc. acquired a new stake in Agnico Eagle Mines during the 4th quarter valued at approximately $29,000. Fifth Third Bancorp boosted its holdings in shares of Agnico Eagle Mines by 176.9% in the 4th quarter. Fifth Third Bancorp now owns 407 shares of the mining company's stock valued at $32,000 after acquiring an additional 260 shares during the last quarter. Finally, Duncker Streett & Co. Inc. increased its stake in shares of Agnico Eagle Mines by 37.3% in the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock worth $32,000 after acquiring an additional 112 shares during the period. Institutional investors and hedge funds own 68.34% of the company's stock.

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Agnico Eagle Mines Price Performance

Shares of NYSE:AEM traded down $1.08 during midday trading on Friday, reaching $104.33. 2,190,087 shares of the company's stock traded hands, compared to its average volume of 2,329,869. The company has a market cap of $52.48 billion, a P/E ratio of 27.60, a PEG ratio of 0.66 and a beta of 1.00. The company has a fifty day simple moving average of $95.37 and a two-hundred day simple moving average of $86.66. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86. Agnico Eagle Mines Limited has a 1 year low of $55.64 and a 1 year high of $107.88.

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

Agnico Eagle Mines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.53%. Agnico Eagle Mines's payout ratio is currently 42.33%.

Wall Street Analyst Weigh In

AEM has been the subject of a number of research reports. TD Securities decreased their target price on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Jefferies Financial Group boosted their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a "hold" rating in a report on Tuesday, January 7th. Scotiabank raised their target price on Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a "sector outperform" rating in a report on Tuesday, January 21st. Stifel Canada upgraded Agnico Eagle Mines to a "strong-buy" rating in a research report on Wednesday. Finally, Raymond James set a $105.00 price objective on Agnico Eagle Mines and gave the stock an "outperform" rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $95.78.

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.