TD Waterhouse Canada Inc. reduced its position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,046,657 shares of the mining company's stock after selling 16,733 shares during the quarter. TD Waterhouse Canada Inc. owned about 0.21% of Agnico Eagle Mines worth $81,707,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in AEM. Jones Financial Companies Lllp increased its stake in Agnico Eagle Mines by 78.3% during the 4th quarter. Jones Financial Companies Lllp now owns 3,259 shares of the mining company's stock valued at $255,000 after purchasing an additional 1,431 shares in the last quarter. Caldwell Investment Management Ltd. raised its holdings in shares of Agnico Eagle Mines by 12.0% in the 4th quarter. Caldwell Investment Management Ltd. now owns 87,700 shares of the mining company's stock worth $6,812,000 after acquiring an additional 9,400 shares during the last quarter. Forsta AP Fonden boosted its stake in Agnico Eagle Mines by 8.9% during the 4th 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 during the last quarter. Resonant Capital Advisors LLC bought a new stake in Agnico Eagle Mines during the 4th quarter worth approximately $208,000. Finally, US Bancorp DE lifted its holdings in shares of Agnico Eagle Mines by 2.7% in the fourth quarter. US Bancorp DE now owns 6,770 shares of the mining company's stock valued at $529,000 after purchasing an additional 175 shares in the last quarter. Institutional investors own 68.34% of the company's stock.
Agnico Eagle Mines Stock Performance
AEM traded down $0.95 during trading hours on Friday, hitting $118.68. The stock had a trading volume of 3,214,469 shares, compared to its average volume of 2,451,997. The stock has a market cap of $59.73 billion, a PE ratio of 31.40, a price-to-earnings-growth ratio of 0.66 and a beta of 0.87. Agnico Eagle Mines Limited has a 1 year low of $63.01 and a 1 year high of $126.76. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. The company's fifty day simple moving average is $105.66 and its 200 day simple moving average is $92.20.
Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its quarterly earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.14. The company had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.27 billion. 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.35%. Agnico Eagle Mines's payout ratio is 42.33%.
Analyst Ratings Changes
Several brokerages have weighed in on AEM. 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 note on Friday, April 11th. Jefferies Financial Group upped their price objective on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a "hold" rating in a research report on Tuesday, January 7th. Scotiabank restated an "outperform" rating on shares of Agnico Eagle Mines in a research note on Monday, April 14th. National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, March 21st. Finally, TD Securities cut their price objective 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. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $124.40.
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Agnico Eagle Mines 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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