Nelson Capital Management LLC Sells 3,391 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Nelson Capital Management LLC decreased its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 58,902 shares of the mining company’s stock after selling 3,391 shares during the quarter. Nelson Capital Management LLC’s holdings in Agnico Eagle Mines were worth $4,607,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Denali Advisors LLC lifted its stake in shares of Agnico Eagle Mines by 51.2% in the 4th quarter. Denali Advisors LLC now owns 51,618 shares of the mining company’s stock worth $4,036,000 after purchasing an additional 17,487 shares during the period. Sprott Inc. lifted its holdings in Agnico Eagle Mines by 2.2% in the 4th quarter. Sprott Inc. now owns 1,136,240 shares of the mining company’s stock worth $88,859,000 after purchasing an additional 24,976 shares in the last quarter. Avalon Capital Management boosted its stake in Agnico Eagle Mines by 57.8% in the 4th quarter. Avalon Capital Management now owns 10,051 shares of the mining company’s stock worth $786,000 after purchasing an additional 3,680 shares during the period. Bank of New York Mellon Corp grew its holdings in Agnico Eagle Mines by 7.4% during the 4th quarter. Bank of New York Mellon Corp now owns 479,600 shares of the mining company’s stock valued at $37,510,000 after buying an additional 32,961 shares in the last quarter. Finally, IFP Advisors Inc raised its position in shares of Agnico Eagle Mines by 6.0% during the fourth quarter. IFP Advisors Inc now owns 4,709 shares of the mining company’s stock valued at $368,000 after buying an additional 266 shares during the last quarter. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Performance

AEM stock opened at $97.04 on Wednesday. The firm has a 50-day simple moving average of $88.31 and a two-hundred day simple moving average of $84.39. Agnico Eagle Mines Limited has a one year low of $47.73 and a one year high of $101.45. The firm has a market cap of $48.80 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 0.66 and a beta of 1.10. 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) (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 return on equity of 10.45% and a net margin of 22.88%. On average, equities analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.40 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.65%. Agnico Eagle Mines’s dividend payout ratio is currently 42.33%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AEM. Jefferies Financial Group upped their target price 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. TD Securities dropped their price objective on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Raymond James set a $105.00 target price on Agnico Eagle Mines and gave the stock an “outperform” rating in a report on Tuesday, February 4th. Royal Bank of Canada boosted their target price on Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Finally, StockNews.com cut Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $95.78.

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.