Howland Capital Management LLC Sells 17,943 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Howland Capital Management LLC reduced its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 7.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 229,623 shares of the mining company's stock after selling 17,943 shares during the quarter. Howland Capital Management LLC's holdings in Agnico Eagle Mines were worth $12,595,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in AEM. Vanguard Group Inc. grew its stake in Agnico Eagle Mines by 96.5% during the 1st quarter. Vanguard Group Inc. now owns 15,067,317 shares of the mining company's stock valued at $922,721,000 after purchasing an additional 7,399,467 shares during the last quarter. Norges Bank acquired a new position in Agnico Eagle Mines during the fourth quarter valued at $285,370,000. Invesco Ltd. boosted its holdings in Agnico Eagle Mines by 57.5% in the first quarter. Invesco Ltd. now owns 3,884,284 shares of the mining company's stock valued at $237,874,000 after purchasing an additional 1,417,607 shares during the last quarter. Mackenzie Financial Corp raised its position in Agnico Eagle Mines by 13.9% during the fourth quarter. Mackenzie Financial Corp now owns 9,852,941 shares of the mining company's stock valued at $511,175,000 after acquiring an additional 1,199,348 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Agnico Eagle Mines by 8.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 8,380,993 shares of the mining company's stock valued at $383,555,000 after purchasing an additional 665,356 shares during the period. 68.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AEM. Raymond James raised their target price on Agnico Eagle Mines from $66.00 to $71.00 and gave the company an "outperform" rating in a research report on Friday, January 12th. Jefferies Financial Group assumed coverage on shares of Agnico Eagle Mines in a research note on Thursday, February 29th. They issued a "hold" rating and a $54.00 price target on the stock. CIBC cut their price objective on shares of Agnico Eagle Mines from $72.00 to $69.00 and set an "outperform" rating for the company in a report on Wednesday, February 7th. National Bank Financial restated an "outperform overweight" rating on shares of Agnico Eagle Mines in a report on Wednesday, January 3rd. Finally, TD Securities cut their price target on Agnico Eagle Mines from $64.00 to $62.00 and set a "buy" rating for the company in a report on Wednesday, February 21st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $63.71.

Agnico Eagle Mines Stock Down 1.8 %

NYSE AEM traded down $1.14 during trading hours on Thursday, hitting $60.58. 4,699,415 shares of the company were exchanged, compared to its average volume of 3,204,755. The company has a quick ratio of 0.74, a current ratio of 2.09 and a debt-to-equity ratio of 0.10. The firm has a market cap of $30.17 billion, a price-to-earnings ratio of 14.74, a PEG ratio of 26.42 and a beta of 1.06. The company has a 50 day moving average of $52.17 and a two-hundred day moving average of $50.82. Agnico Eagle Mines Limited has a 52-week low of $43.22 and a 52-week high of $61.89.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its quarterly earnings data on Friday, February 16th. The mining company reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.09. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.72 billion. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 5.54%. The company's revenue was up 26.9% on a year-over-year basis. During the same period last year, the business earned $0.41 EPS. Equities research analysts anticipate that Agnico Eagle Mines Limited will post 2.3 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.64%. The ex-dividend date was Thursday, February 29th. Agnico Eagle Mines's payout ratio is 38.93%.

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.