Oppenheimer & Close LLC Sells 10,031 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Oppenheimer & Close LLC decreased its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 10.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,343 shares of the mining company's stock after selling 10,031 shares during the quarter. Agnico Eagle Mines makes up 5.6% of Oppenheimer & Close LLC's investment portfolio, making the stock its 2nd biggest holding. Oppenheimer & Close LLC's holdings in Agnico Eagle Mines were worth $6,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of AEM. Van ECK Associates Corp raised its holdings in Agnico Eagle Mines by 3.6% in the fourth quarter. Van ECK Associates Corp now owns 22,322,859 shares of the mining company's stock valued at $1,745,858,000 after acquiring an additional 778,919 shares in the last quarter. FMR LLC raised its holdings in shares of Agnico Eagle Mines by 43.5% in the 3rd quarter. FMR LLC now owns 15,061,244 shares of the mining company's stock valued at $1,213,311,000 after purchasing an additional 4,562,005 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of Agnico Eagle Mines by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 6,383,024 shares of the mining company's stock valued at $499,956,000 after purchasing an additional 332,576 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Agnico Eagle Mines by 2.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,046,901 shares of the mining company's stock worth $472,475,000 after purchasing an additional 154,003 shares during the last quarter. Finally, National Bank of Canada FI grew its stake in shares of Agnico Eagle Mines by 7.4% during the third quarter. National Bank of Canada FI now owns 4,155,349 shares of the mining company's stock worth $334,749,000 after purchasing an additional 285,565 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company's stock.

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Agnico Eagle Mines Stock Performance

Shares of NYSE AEM traded down $0.46 during midday trading on Wednesday, reaching $104.99. 690,815 shares of the company were exchanged, compared to its average volume of 2,317,003. The stock has a fifty day simple moving average of $96.63 and a 200 day simple moving average of $87.32. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The stock has a market cap of $52.81 billion, a P/E ratio of 27.83, a PEG ratio of 0.66 and a beta of 1.00. Agnico Eagle Mines Limited has a 1 year low of $56.05 and a 1 year high of $107.88.

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 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%. On average, research analysts forecast 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 declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid 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 1.52%. Agnico Eagle Mines's dividend payout ratio (DPR) is 42.33%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AEM. Scotiabank lifted their price target 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. Royal Bank of Canada upped their price target on Agnico Eagle Mines from $96.00 to $105.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Stifel Canada raised shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Wednesday, March 19th. Raymond James set a $105.00 target price on shares of Agnico Eagle Mines and gave the company an "outperform" rating in a report on Tuesday, February 4th. Finally, StockNews.com downgraded shares of Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $95.78.

About Agnico Eagle Mines

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.