Agnico Eagle Mines Limited (NYSE:AEM) Stock Holdings Trimmed by Chelsea Counsel Co.

Chelsea Counsel Co. lowered its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 5.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 biggest position. 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 hedge funds and other institutional investors have also recently added to or reduced their stakes in AEM. Smartleaf Asset Management LLC boosted its holdings in Agnico Eagle Mines by 859.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock valued at $28,000 after acquiring an additional 318 shares during the last quarter. Fifth Third Bancorp raised its position 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 purchasing an additional 260 shares during the period. Duncker Streett & Co. Inc. raised its position in Agnico Eagle Mines by 37.3% in the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock valued at $32,000 after purchasing an additional 112 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Agnico Eagle Mines in the fourth quarter valued at about $34,000. Finally, Coppell Advisory Solutions LLC raised 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 valued at $37,000 after purchasing an additional 329 shares during the period. Institutional investors and hedge funds own 68.34% of the company's stock.

Agnico Eagle Mines Stock Down 0.1%

Shares of NYSE AEM traded down $0.14 during midday trading on Friday, reaching $118.03. 2,614,738 shares of the company's stock were exchanged, compared to its average volume of 2,560,383. Agnico Eagle Mines Limited has a 52-week low of $63.01 and a 52-week high of $126.76. The stock has a market capitalization of $59.40 billion, a PE ratio of 31.22, a price-to-earnings-growth ratio of 0.66 and a beta of 0.54. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86. The business's fifty day moving average price is $112.90 and its two-hundred day moving average price is $97.61.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced 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 for the quarter, compared to analyst estimates of $2.27 billion. During the same period in the previous year, the company earned $0.76 earnings per share. The company's revenue for the quarter was up 34.9% compared to the same quarter last year. 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. Stockholders of record on Monday, June 2nd will be given a dividend of $0.40 per share. This represents a dividend yield of 1.36%. The ex-dividend date is Friday, May 30th. Agnico Eagle Mines's payout ratio is 34.04%.

Analyst Upgrades and Downgrades

AEM has been the topic of several research reports. TD Securities cut their price objective on 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. Raymond James raised their price objective on Agnico Eagle Mines from $105.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Cfra Research raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, April 25th. Royal Bank of Canada raised their price objective on Agnico Eagle Mines from $110.00 to $115.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Finally, Scotiabank reissued an "outperform" rating on shares of Agnico Eagle Mines in a research report on Monday, April 14th. Two investment 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's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $124.40.

About Agnico Eagle Mines

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.