Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Amundi

Amundi trimmed its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,605,152 shares of the mining company’s stock after selling 83,197 shares during the period. Amundi owned approximately 0.72% of Agnico Eagle Mines worth $300,525,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in AEM. US Bancorp DE grew its holdings in Agnico Eagle Mines by 43.3% during the 3rd quarter. US Bancorp DE now owns 6,595 shares of the mining company’s stock worth $531,000 after acquiring an additional 1,994 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Agnico Eagle Mines by 1.4% during the 3rd quarter. Principal Financial Group Inc. now owns 21,822 shares of the mining company’s stock worth $1,760,000 after acquiring an additional 302 shares in the last quarter. Confluence Investment Management LLC grew its holdings in Agnico Eagle Mines by 3.7% during the 3rd quarter. Confluence Investment Management LLC now owns 20,057 shares of the mining company’s stock worth $1,616,000 after acquiring an additional 709 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in Agnico Eagle Mines during the 3rd quarter worth $4,565,000. Finally, Assetmark Inc. grew its holdings in Agnico Eagle Mines by 30.6% during the 3rd quarter. Assetmark Inc. now owns 2,363 shares of the mining company’s stock worth $190,000 after acquiring an additional 554 shares in the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on AEM shares. Raymond James set a $105.00 price objective on shares of Agnico Eagle Mines and gave the stock an “outperform” rating in a report on Tuesday, February 4th. Royal Bank of Canada raised their price target on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Scotiabank raised their price target on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. TD Securities reduced their price target on shares of 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. Finally, StockNews.com downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $95.78.

Agnico Eagle Mines Trading Up 1.0 %

Shares of NYSE:AEM opened at $98.85 on Friday. The company has a market cap of $49.71 billion, a PE ratio of 26.15, a P/E/G ratio of 0.66 and a beta of 1.00. The company’s 50-day moving average price is $91.32 and its 200 day moving average price is $85.38. Agnico Eagle Mines Limited has a fifty-two week low of $54.02 and a fifty-two week high of $101.45. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data 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%. Sell-side 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 announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, February 28th. This represents a $1.60 annualized dividend and a yield of 1.62%. Agnico Eagle Mines’s payout ratio is 42.33%.

Agnico Eagle Mines Company 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.