Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 870,407 shares of the mining company's stock after selling 62,800 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.17% of Agnico Eagle Mines worth $68,075,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in Agnico Eagle Mines in the fourth quarter valued at approximately $573,446,000. Capital World Investors raised its stake in Agnico Eagle Mines by 41.9% during the 4th quarter. Capital World Investors now owns 13,952,061 shares of the mining company's stock worth $1,091,550,000 after acquiring an additional 4,121,164 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in 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 valued at $551,339,000 after acquiring an additional 3,155,927 shares during the last quarter. AGF Management Ltd. boosted its stake in 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 valued at $109,205,000 after acquiring an additional 905,328 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Agnico Eagle Mines by 3.6% during 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 in the last quarter. Institutional investors and hedge funds own 68.34% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AEM. Stifel Canada upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Wednesday, March 19th. National Bank Financial upgraded Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st. UBS Group increased their price target on Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday, April 11th. Royal Bank of Canada raised their target price on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Finally, TD Securities dropped their price target on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $124.40.

Agnico Eagle Mines Trading Down 0.9%

Shares of AEM stock traded down $1.01 during mid-day trading on Friday, hitting $116.76. 917,666 shares of the company's stock were exchanged, compared to its average volume of 2,558,893. Agnico Eagle Mines Limited has a fifty-two week low of $63.01 and a fifty-two week high of $126.76. The stock has a 50-day simple moving average of $112.65 and a two-hundred day simple moving average of $97.32. The stock has a market cap of $58.76 billion, a price-to-earnings ratio of 30.98, 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 (NYSE:AEM - Get Free Report) TSE: AEM last announced 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 return on equity of 10.45% and a net margin of 22.88%. The company had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same period in the prior year, the firm posted $0.76 earnings per share. The firm's revenue was up 34.9% on a year-over-year basis. Equities analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently announced 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 presently 34.04%.

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.