Sei Investments Co. Has $706,000 Position in Agnico Eagle Mines Limited (NYSE:AEM)

Sei Investments Co. trimmed its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 41.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,024 shares of the mining company's stock after selling 6,444 shares during the period. Sei Investments Co.'s holdings in Agnico Eagle Mines were worth $706,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. AGF Management Ltd. grew its holdings in shares of Agnico Eagle Mines by 184.6% during the fourth quarter. AGF Management Ltd. now owns 1,395,850 shares of the mining company's stock worth $109,205,000 after buying an additional 905,328 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Agnico Eagle Mines by 3.6% during the fourth quarter. Van ECK Associates Corp now owns 22,322,859 shares of the mining company's stock worth $1,745,858,000 after purchasing an additional 778,919 shares during the last quarter. Raymond James Financial Inc. bought a new position in Agnico Eagle Mines in the fourth quarter valued at $52,503,000. Generali Asset Management SPA SGR acquired a new stake in Agnico Eagle Mines in the 4th quarter valued at $46,377,000. Finally, Allspring Global Investments Holdings LLC lifted its position in Agnico Eagle Mines by 243.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 504,522 shares of the mining company's stock worth $39,431,000 after buying an additional 357,696 shares in the last quarter. 68.34% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

AEM has been the topic of a number of recent research reports. TD Securities lowered their target price on Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Raymond James boosted their price target on Agnico Eagle Mines from $105.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Citigroup boosted their target price on shares of Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a "buy" rating in a report on Monday, March 31st. UBS Group upped their price objective on Agnico Eagle Mines from $110.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday. Finally, StockNews.com downgraded Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of "Buy" and an average target price of $111.90.

Agnico Eagle Mines Stock Performance

Shares of AEM stock traded up $6.18 on Friday, hitting $117.73. The company's stock had a trading volume of 7,646,636 shares, compared to its average volume of 2,421,412. Agnico Eagle Mines Limited has a fifty-two week low of $60.15 and a fifty-two week high of $118.74. The company has a market capitalization of $59.25 billion, a PE ratio of 31.14, a PEG ratio of 0.66 and a beta of 0.87. The stock's 50 day moving average is $101.63 and its 200-day moving average is $89.82. 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 (NYSE:AEM - Get Free Report) TSE: AEM last announced 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 return on equity of 10.45% and a net margin of 22.88%. Equities research analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued 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 1.36%. Agnico Eagle Mines's dividend payout ratio is presently 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.