Cetera Investment Advisers Sells 2,453 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Cetera Investment Advisers lessened its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 7.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,840 shares of the mining company's stock after selling 2,453 shares during the period. Cetera Investment Advisers' holdings in Agnico Eagle Mines were worth $2,568,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Smartleaf Asset Management LLC raised its holdings in shares of Agnico Eagle Mines by 859.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock worth $28,000 after purchasing an additional 318 shares during the period. Decker Retirement Planning Inc. acquired a new position in shares of Agnico Eagle Mines in the fourth quarter worth about $29,000. Fifth Third Bancorp raised its holdings in Agnico Eagle Mines by 176.9% in the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company's stock valued at $32,000 after acquiring an additional 260 shares in the last quarter. Duncker Streett & Co. Inc. grew its position in shares of Agnico Eagle Mines by 37.3% in the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock worth $32,000 after acquiring an additional 112 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in Agnico Eagle Mines during the fourth quarter valued at $34,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Scotiabank restated an "outperform" rating on shares of Agnico Eagle Mines in a research note on Monday, April 14th. UBS Group increased their price objective on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Friday, April 11th. National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st. BMO Capital Markets started coverage on shares of Agnico Eagle Mines in a research note on Wednesday, April 16th. They set an "outperform" rating and a $181.00 target price for the company. Finally, Royal Bank of Canada raised their price objective on Agnico Eagle Mines from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $124.40.

Agnico Eagle Mines Stock Up 2.7%

Shares of AEM traded up $3.05 during trading hours on Wednesday, reaching $115.62. The company's stock had a trading volume of 4,249,048 shares, compared to its average volume of 2,543,452. 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 $58.19 billion, a price-to-earnings ratio of 30.59, a P/E/G ratio of 0.66 and a beta of 0.54. The company has a 50 day moving average of $110.97 and a two-hundred day moving average of $95.81. Agnico Eagle Mines Limited has a 1-year low of $63.01 and a 1-year high of $126.76.

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 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.14. Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. The firm had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the company posted $0.76 earnings per share. The business's quarterly revenue was up 34.9% compared to the same quarter last year. As a group, research analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Monday, December 1st. Agnico Eagle Mines's dividend payout ratio is 34.04%.

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.