Mackenzie Financial Corp Sells 32,971 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Mackenzie Financial Corp trimmed its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 0.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,658,605 shares of the mining company's stock after selling 32,971 shares during the period. Agnico Eagle Mines accounts for approximately 0.9% of Mackenzie Financial Corp's investment portfolio, making the stock its 24th biggest position. Mackenzie Financial Corp owned 1.72% of Agnico Eagle Mines worth $676,683,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Benjamin Edwards Inc. lifted its holdings in Agnico Eagle Mines by 2.0% during the 4th quarter. Benjamin Edwards Inc. now owns 5,472 shares of the mining company's stock worth $428,000 after buying an additional 106 shares during the period. Duncker Streett & Co. Inc. lifted its stake 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 valued at $32,000 after purchasing an additional 112 shares during the period. Laird Norton Wetherby Wealth Management LLC raised its stake in Agnico Eagle Mines by 1.8% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,944 shares of the mining company's stock worth $543,000 after buying an additional 120 shares during the period. Quadrant Capital Group LLC raised its stake in Agnico Eagle Mines by 24.5% during the 4th quarter. Quadrant Capital Group LLC now owns 787 shares of the mining company's stock worth $62,000 after buying an additional 155 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Agnico Eagle Mines by 34.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the mining company's stock worth $51,000 after buying an additional 165 shares during the period. 68.34% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Price Performance

Shares of NYSE AEM traded up $0.69 during trading hours on Thursday, reaching $118.56. 2,527,710 shares of the stock traded hands, compared to its average volume of 3,134,014. The company's 50-day simple moving average is $112.37 and its two-hundred day simple moving average is $97.05. 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 $126.75. The company has a market capitalization of $59.67 billion, a P/E ratio of 31.37, a price-to-earnings-growth ratio of 0.66 and a beta of 0.54.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly earnings data 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. 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 last year, the business posted $0.76 EPS. The business's revenue was up 34.9% on a year-over-year basis. Equities research analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have commented on AEM shares. National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, March 21st. TD Securities decreased their price objective on Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. BMO Capital Markets began coverage on Agnico Eagle Mines in a report on Wednesday, April 16th. They issued an "outperform" rating and a $181.00 target price for the company. Royal Bank of Canada upped their target price on Agnico Eagle Mines from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Finally, Wall Street Zen lowered Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, the stock currently 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.