Chelsea Counsel Co. Sells 3,918 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Chelsea Counsel Co. lowered its position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 69,466 shares of the mining company's stock after selling 3,918 shares during the quarter. Agnico Eagle Mines accounts for 2.8% of Chelsea Counsel Co.'s investment portfolio, making the stock its 11th largest holding. Chelsea Counsel Co.'s holdings in Agnico Eagle Mines were worth $5,433,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in AEM. Norges Bank acquired a new stake in shares of Agnico Eagle Mines during the 4th quarter worth about $573,446,000. Capital World Investors raised its stake in shares of Agnico Eagle Mines by 41.9% during the fourth quarter. Capital World Investors now owns 13,952,061 shares of the mining company's stock valued at $1,091,550,000 after purchasing an additional 4,121,164 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Agnico Eagle Mines by 81.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,051,473 shares of the mining company's stock worth $551,339,000 after buying an additional 3,155,927 shares during the last quarter. AGF Management Ltd. increased its stake in shares of Agnico Eagle Mines by 184.6% in the fourth quarter. AGF Management Ltd. now owns 1,395,850 shares of the mining company's stock worth $109,205,000 after buying an additional 905,328 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in Agnico Eagle Mines by 3.6% in the fourth quarter. Van ECK Associates Corp now owns 22,322,859 shares of the mining company's stock worth $1,745,858,000 after purchasing an additional 778,919 shares during the period. Hedge funds and other institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Price Performance

Shares of NYSE:AEM traded up $0.37 during trading on Thursday, reaching $118.24. 3,613,951 shares of the company traded hands, compared to its average volume of 2,565,124. The company's 50 day moving average is $112.37 and its two-hundred day moving average is $97.05. The firm has a market capitalization of $59.50 billion, a PE ratio of 31.28, a PEG ratio of 0.66 and a beta of 0.54. 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 Limited has a 52 week low of $63.01 and a 52 week 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 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.38 billion during the quarter, compared to analysts' expectations of $2.27 billion. During the same quarter in the prior year, the firm earned $0.76 EPS. The business's revenue for the quarter was up 34.9% compared to the same quarter last year. As a group, sell-side analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AEM shares. Bank of America upped their price objective on shares of Agnico Eagle Mines from $119.00 to $142.00 and gave the stock a "buy" rating in a report on Tuesday, April 8th. Citigroup boosted their price target on Agnico Eagle Mines from $100.00 to $140.00 and gave the company a "buy" rating in a research note on Monday, March 31st. Cfra Research raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, April 25th. Raymond James upped their price target on Agnico Eagle Mines from $105.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Finally, Scotiabank restated an "outperform" rating on shares of Agnico Eagle Mines in a research note on Monday, April 14th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price 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.