Wellington Management Group LLP Cuts Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Wellington Management Group LLP cut its holdings in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 294,799 shares of the mining company's stock after selling 5,854 shares during the quarter. Wellington Management Group LLP owned 0.06% of Agnico Eagle Mines worth $23,055,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Smartleaf Asset Management LLC raised its position in Agnico Eagle Mines by 859.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock valued at $28,000 after purchasing an additional 318 shares during the period. Fifth Third Bancorp increased its position in shares of Agnico Eagle Mines by 176.9% during the 4th quarter. Fifth Third Bancorp now owns 407 shares of the mining company's stock valued at $32,000 after purchasing an additional 260 shares during the last quarter. Duncker Streett & Co. Inc. raised its holdings in Agnico Eagle Mines by 37.3% during the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock valued at $32,000 after buying an additional 112 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Agnico Eagle Mines during the 4th quarter valued at $34,000. Finally, Coppell Advisory Solutions LLC lifted its position in Agnico Eagle Mines by 235.0% in the fourth quarter. Coppell Advisory Solutions LLC now owns 469 shares of the mining company's stock worth $37,000 after buying an additional 329 shares during the last quarter. Institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Trading Up 5.5%

NYSE:AEM traded up $6.47 during midday trading on Monday, hitting $124.46. The stock had a trading volume of 4,024,618 shares, compared to its average volume of 2,566,133. The stock has a 50-day moving average of $112.90 and a 200 day moving average of $97.90. The company has a market capitalization of $62.65 billion, a price-to-earnings ratio of 32.93, a PEG ratio of 0.66 and a beta of 0.54. Agnico Eagle Mines Limited has a one year low of $63.01 and a one 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.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.14. The business had revenue of $2.38 billion during the quarter, compared to analysts' expectations of $2.27 billion. Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. The business's revenue for the quarter was up 34.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.76 EPS. As a group, sell-side analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.40 per share. This represents a yield of 1.36%. The ex-dividend date is Friday, May 30th. Agnico Eagle Mines's payout ratio is 34.04%.

Wall Street Analyst Weigh In

AEM has been the topic of a number of analyst reports. Bank of America boosted their price objective on shares of Agnico Eagle Mines from $119.00 to $142.00 and gave the company a "buy" rating in a research report on Tuesday, April 8th. Cfra Research upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, April 25th. Citigroup increased their price objective on shares of Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, March 31st. Scotiabank restated an "outperform" rating on shares of Agnico Eagle Mines in a research report on Monday, April 14th. Finally, BMO Capital Markets assumed coverage on Agnico Eagle Mines in a research note on Wednesday, April 16th. They set an "outperform" rating and a $181.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, Agnico Eagle Mines currently has a consensus rating of "Buy" and an average price target of $124.40.

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.