Galibier Capital Management Ltd. Sells 123,187 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Galibier Capital Management Ltd. lowered its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 21.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 463,086 shares of the mining company's stock after selling 123,187 shares during the quarter. Agnico Eagle Mines comprises approximately 6.6% of Galibier Capital Management Ltd.'s investment portfolio, making the stock its 8th biggest position. Galibier Capital Management Ltd. owned about 0.09% of Agnico Eagle Mines worth $25,514,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. DAVENPORT & Co LLC acquired a new stake in shares of Agnico Eagle Mines in the 4th quarter valued at $229,000. Kercheville Advisors LLC boosted its holdings in shares of Agnico Eagle Mines by 1.7% in the 4th quarter. Kercheville Advisors LLC now owns 126,062 shares of the mining company's stock valued at $6,914,000 after purchasing an additional 2,152 shares in the last quarter. Murphy Pohlad Asset Management LLC boosted its holdings in shares of Agnico Eagle Mines by 2.6% in the 4th quarter. Murphy Pohlad Asset Management LLC now owns 58,916 shares of the mining company's stock valued at $3,232,000 after purchasing an additional 1,495 shares in the last quarter. Chilton Capital Management LLC boosted its holdings in shares of Agnico Eagle Mines by 13.3% during the 4th quarter. Chilton Capital Management LLC now owns 3,191 shares of the mining company's stock valued at $175,000 after acquiring an additional 375 shares in the last quarter. Finally, Uncommon Cents Investing LLC boosted its holdings in shares of Agnico Eagle Mines by 10.1% during the 4th quarter. Uncommon Cents Investing LLC now owns 19,105 shares of the mining company's stock valued at $1,048,000 after acquiring an additional 1,760 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on AEM shares. TD Securities lowered their target price on Agnico Eagle Mines from $64.00 to $62.00 and set a "buy" rating for the company in a research report on Wednesday, February 21st. National Bank Financial reiterated an "outperform overweight" rating on shares of Agnico Eagle Mines in a report on Wednesday, January 3rd. Raymond James increased their price target on shares of Agnico Eagle Mines from $66.00 to $71.00 and gave the company an "outperform" rating in a report on Friday, January 12th. CIBC decreased their price objective on shares of Agnico Eagle Mines from $72.00 to $69.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 7th. Finally, Jefferies Financial Group initiated coverage on shares of Agnico Eagle Mines in a research report on Thursday, February 29th. They issued a "hold" rating and a $54.00 price objective for the company. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $63.71.

Agnico Eagle Mines Stock Up 1.5 %

AEM traded up $0.92 during trading hours on Wednesday, hitting $61.72. 2,875,685 shares of the company's stock were exchanged, compared to its average volume of 3,181,366. The firm has a 50 day moving average of $51.70 and a 200 day moving average of $50.67. Agnico Eagle Mines Limited has a 12-month low of $43.22 and a 12-month high of $61.89. The company has a current ratio of 2.09, a quick ratio of 0.74 and a debt-to-equity ratio of 0.10. The firm has a market cap of $30.74 billion, a P/E ratio of 14.86, a price-to-earnings-growth ratio of 26.64 and a beta of 1.06.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its quarterly earnings results on Friday, February 16th. The mining company reported $0.57 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.09. The firm had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.72 billion. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 5.54%. Agnico Eagle Mines's quarterly revenue was up 26.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 EPS. Analysts predict that Agnico Eagle Mines Limited will post 2.3 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.60 dividend on an annualized basis and a yield of 2.59%. Agnico Eagle Mines's payout ratio is currently 38.93%.

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.