WASHINGTON TRUST Co Has $30,000 Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

WASHINGTON TRUST Co decreased its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 47.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 380 shares of the mining company’s stock after selling 350 shares during the period. WASHINGTON TRUST Co’s holdings in Agnico Eagle Mines were worth $30,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pinnacle Wealth Management Group Inc. grew its stake in Agnico Eagle Mines by 0.5% during the fourth quarter. Pinnacle Wealth Management Group Inc. now owns 24,407 shares of the mining company’s stock worth $1,909,000 after purchasing an additional 125 shares during the period. Diversify Wealth Management LLC grew its stake in Agnico Eagle Mines by 2.1% during the fourth quarter. Diversify Wealth Management LLC now owns 6,753 shares of the mining company’s stock worth $569,000 after purchasing an additional 141 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in Agnico Eagle Mines by 34.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the mining company’s stock worth $51,000 after purchasing an additional 165 shares during the period. Tectonic Advisors LLC grew its stake in Agnico Eagle Mines by 0.8% during the fourth quarter. Tectonic Advisors LLC now owns 22,640 shares of the mining company’s stock worth $1,771,000 after purchasing an additional 185 shares during the period. Finally, Scheer Rowlett & Associates Investment Management Ltd. grew its stake in Agnico Eagle Mines by 4.3% during the third quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 4,805 shares of the mining company’s stock worth $387,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 68.34% of the company’s stock.

Analyst Ratings Changes

AEM has been the subject of several recent analyst reports. Royal Bank of Canada raised their target price on Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Jefferies Financial Group increased their price target on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a report on Tuesday, January 7th. Finally, Scotiabank increased 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. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $92.75.

Agnico Eagle Mines Stock Down 5.0 %

AEM stock opened at $95.75 on Friday. Agnico Eagle Mines Limited has a twelve month low of $45.75 and a twelve month high of $101.45. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The stock’s 50 day moving average is $86.51 and its 200-day moving average is $83.22. The firm has a market capitalization of $48.09 billion, a PE ratio of 47.87, a P/E/G ratio of 0.66 and a beta of 1.10.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its earnings results on Thursday, February 13th. The mining company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a net margin of 12.86% and a return on equity of 8.88%. Sell-side analysts expect that Agnico Eagle Mines Limited will post 4.14 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.40 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.67%. Agnico Eagle Mines’s dividend payout ratio is presently 80.00%.

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.