Nokomis Capital L.L.C. Has $8.01 Million Position in Agnico Eagle Mines Limited (NYSE:AEM)

Nokomis Capital L.L.C. lessened its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 7.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,465 shares of the mining company's stock after selling 7,962 shares during the period. Agnico Eagle Mines accounts for 2.9% of Nokomis Capital L.L.C.'s portfolio, making the stock its 12th biggest holding. Nokomis Capital L.L.C.'s holdings in Agnico Eagle Mines were worth $8,014,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AEM. Jones Financial Companies Lllp boosted its position in shares of Agnico Eagle Mines by 78.3% during the 4th quarter. Jones Financial Companies Lllp now owns 3,259 shares of the mining company's stock valued at $255,000 after purchasing an additional 1,431 shares in the last quarter. Caldwell Investment Management Ltd. boosted its position in shares of Agnico Eagle Mines by 12.0% during the 4th quarter. Caldwell Investment Management Ltd. now owns 87,700 shares of the mining company's stock valued at $6,812,000 after purchasing an additional 9,400 shares in the last quarter. Forsta AP Fonden boosted its position in shares of Agnico Eagle Mines by 8.9% during the 4th quarter. Forsta AP Fonden now owns 195,100 shares of the mining company's stock valued at $15,256,000 after purchasing an additional 16,000 shares in the last quarter. Resonant Capital Advisors LLC bought a new position in shares of Agnico Eagle Mines during the 4th quarter valued at about $208,000. Finally, US Bancorp DE boosted its position in shares of Agnico Eagle Mines by 2.7% during the 4th quarter. US Bancorp DE now owns 6,770 shares of the mining company's stock valued at $529,000 after purchasing an additional 175 shares in the last quarter. Institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Stock Down 0.1%

Shares of NYSE AEM traded down $0.12 during mid-day trading on Friday, reaching $106.39. The company had a trading volume of 3,863,931 shares, compared to its average volume of 2,523,960. The stock has a fifty day moving average of $110.63 and a two-hundred day moving average of $95.42. 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 company has a market capitalization of $53.54 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 0.66 and a beta of 0.54. Agnico Eagle Mines Limited has a 12-month low of $63.01 and a 12-month high of $126.76.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its quarterly 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. The business had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.27 billion. Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. The firm's revenue was up 34.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.76 earnings per share. As a group, equities research analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Monday, December 1st. Agnico Eagle Mines's dividend payout ratio (DPR) is 34.04%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Raymond James raised their price objective on shares of Agnico Eagle Mines from $105.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. National Bank Financial upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, March 21st. BMO Capital Markets assumed coverage on shares of Agnico Eagle Mines in a research report on Wednesday, April 16th. They set an "outperform" rating and a $181.00 price objective for the company. Scotiabank restated an "outperform" rating on shares of Agnico Eagle Mines in a research report on Monday, April 14th. Finally, Stifel Canada raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Wednesday, March 19th. 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. Based on data from MarketBeat.com, Agnico Eagle Mines currently has an average 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.