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

Mackenzie Financial Corp decreased its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 0.4% in the 4th quarter, according to its most recent 13F 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 makes up 0.9% of Mackenzie Financial Corp's holdings, making the stock its 24th largest position. Mackenzie Financial Corp owned 1.72% of Agnico Eagle Mines worth $676,683,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AEM. HB Wealth Management LLC bought a new stake in shares of Agnico Eagle Mines during the 4th quarter valued at $208,000. MassMutual Private Wealth & Trust FSB raised its position in shares of 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 valued at $51,000 after acquiring an additional 165 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Agnico Eagle Mines by 2.3% during the 4th quarter. Crossmark Global Holdings Inc. now owns 27,157 shares of the mining company's stock valued at $2,124,000 after acquiring an additional 603 shares during the last quarter. Atomi Financial Group Inc. grew its holdings in shares of Agnico Eagle Mines by 13.3% in the 4th quarter. Atomi Financial Group Inc. now owns 6,840 shares of the mining company's stock valued at $535,000 after buying an additional 804 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Agnico Eagle Mines by 6.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 51,695 shares of the mining company's stock valued at $4,043,000 after buying an additional 3,059 shares during the period. Institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Stock Up 1.4%

NYSE:AEM traded up $1.66 on Wednesday, hitting $117.96. 2,187,973 shares of the company's stock were exchanged, compared to its average volume of 2,552,783. The firm has a 50-day moving average price of $112.09 and a 200-day moving average price of $96.90. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. Agnico Eagle Mines Limited has a 52 week low of $63.01 and a 52 week high of $126.76. The company has a market cap of $59.37 billion, a P/E ratio of 31.21, 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 issued its quarterly earnings results on Thursday, April 24th. The mining company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.39 by $0.14. Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. The firm had revenue of $2.38 billion for the quarter, compared to analysts' expectations of $2.27 billion. During the same period in the previous year, the firm posted $0.76 EPS. The company's revenue for the quarter was up 34.9% on a year-over-year basis. As a group, analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AEM shares. UBS Group boosted their price target 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 shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, March 21st. Wall Street Zen lowered shares of Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. Royal Bank of Canada boosted their price target on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Finally, Raymond James boosted their price target on shares of Agnico Eagle Mines from $105.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Two investment 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $124.40.

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.