Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd reduced its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 30.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,600 shares of the mining company’s stock after selling 4,124 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Agnico Eagle Mines were worth $751,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its position in shares of Agnico Eagle Mines by 78.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,259 shares of the mining company’s stock valued at $255,000 after buying an additional 1,431 shares during the last quarter. Caldwell Investment Management Ltd. raised its holdings in 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 valued at $6,812,000 after acquiring an additional 9,400 shares during the last quarter. Forsta AP Fonden lifted its stake in Agnico Eagle Mines by 8.9% in the 4th quarter. Forsta AP Fonden now owns 195,100 shares of the mining company’s stock worth $15,256,000 after purchasing an additional 16,000 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Agnico Eagle Mines by 14.8% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 225,965 shares of the mining company’s stock worth $18,223,000 after purchasing an additional 29,106 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Agnico Eagle Mines by 8.6% in 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 in the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Up 1.0 %

AEM opened at $108.43 on Tuesday. 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 firm has a market cap of $54.54 billion, a P/E ratio of 28.68, a P/E/G ratio of 0.66 and a beta of 1.00. Agnico Eagle Mines Limited has a 52 week low of $60.15 and a 52 week high of $110.36. The business has a fifty day simple moving average of $98.43 and a 200-day simple moving average of $88.10.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its 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%. On average, equities analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Announces Dividend

The firm also recently declared 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 was Friday, February 28th. This represents a $1.60 annualized dividend and a yield of 1.48%. Agnico Eagle Mines’s dividend payout ratio is presently 42.33%.

Wall Street Analysts Forecast Growth

AEM has been the topic of a number of analyst reports. Jefferies Financial Group lifted their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research report on Tuesday, January 7th. Royal Bank of Canada lifted their price target on Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Raymond James set a $105.00 price objective on shares of Agnico Eagle Mines and gave the company an “outperform” rating in a report on Tuesday, February 4th. Scotiabank lifted their target price on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. Finally, National Bank Financial raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Friday, March 21st. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of “Buy” and an average target price of $104.11.

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.