Scotia Capital Inc. decreased its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 11.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 382,229 shares of the mining company's stock after selling 50,841 shares during the quarter. Scotia Capital Inc. owned approximately 0.08% of Agnico Eagle Mines worth $29,879,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its stake in shares of Agnico Eagle Mines by 78.3% in the 4th quarter. Jones Financial Companies Lllp now owns 3,259 shares of the mining company's stock worth $255,000 after acquiring an additional 1,431 shares in the last quarter. Caldwell Investment Management Ltd. grew its holdings in Agnico Eagle Mines by 12.0% in the fourth quarter. Caldwell Investment Management Ltd. now owns 87,700 shares of the mining company's stock worth $6,812,000 after purchasing an additional 9,400 shares during the period. Forsta AP Fonden increased its stake in shares of Agnico Eagle Mines by 8.9% during the fourth quarter. Forsta AP Fonden now owns 195,100 shares of the mining company's stock valued at $15,256,000 after purchasing an additional 16,000 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Agnico Eagle Mines by 8.6% during the third quarter. Geode Capital Management LLC now owns 2,256,714 shares of the mining company's stock valued at $183,491,000 after purchasing an additional 178,999 shares during the last quarter. Finally, Resonant Capital Advisors LLC bought a new stake in shares of Agnico Eagle Mines in the 4th quarter worth approximately $208,000. Hedge funds and other institutional investors own 68.34% of the company's stock.
Agnico Eagle Mines Stock Performance
Shares of AEM traded up $0.88 during mid-day trading on Tuesday, hitting $119.27. 1,341,852 shares of the company traded hands, compared to its average volume of 2,422,268. Agnico Eagle Mines Limited has a 1 year low of $60.15 and a 1 year high of $120.16. 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 has a 50-day moving average price of $102.03 and a two-hundred day moving average price of $90.08. The stock has a market cap of $60.02 billion, a price-to-earnings ratio of 31.55, a P/E/G ratio of 0.66 and a beta of 0.87.
Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly earnings results on Thursday, February 13th. The mining company reported $1.26 earnings per share 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 anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.
Agnico Eagle Mines Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.60 annualized dividend and a yield of 1.34%. Agnico Eagle Mines's payout ratio is 42.33%.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the company. UBS Group raised their price objective on Agnico Eagle Mines from $110.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday. TD Securities reduced 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, February 19th. Royal Bank of Canada upped their price target on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. National Bank Financial raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Raymond James lifted their target price on shares of Agnico Eagle Mines from $105.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $114.00.
Get Our Latest Stock Analysis on AEM
Agnico Eagle Mines Company Profile
(
Free Report)
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.
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