Cambiar Investors LLC Has $19.96 Million Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Cambiar Investors LLC lessened its position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 12.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 363,887 shares of the mining company's stock after selling 52,317 shares during the quarter. Cambiar Investors LLC owned approximately 0.07% of Agnico Eagle Mines worth $19,959,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blair William & Co. IL raised its stake in shares of Agnico Eagle Mines by 5.9% during the 3rd quarter. Blair William & Co. IL now owns 23,718 shares of the mining company's stock worth $1,078,000 after buying an additional 1,313 shares during the last quarter. Raymond James & Associates raised its stake in Agnico Eagle Mines by 15.5% in the 4th quarter. Raymond James & Associates now owns 364,440 shares of the mining company's stock valued at $19,990,000 after purchasing an additional 48,782 shares during the last quarter. Wellington Management Group LLP raised its stake in Agnico Eagle Mines by 5.7% in the 3rd quarter. Wellington Management Group LLP now owns 632,403 shares of the mining company's stock valued at $28,752,000 after purchasing an additional 34,072 shares during the last quarter. ANTIPODES PARTNERS Ltd acquired a new position in Agnico Eagle Mines in the 4th quarter valued at about $41,610,000. Finally, Sprott Inc. raised its stake in Agnico Eagle Mines by 4.1% in the 3rd quarter. Sprott Inc. now owns 1,412,300 shares of the mining company's stock valued at $65,249,000 after purchasing an additional 55,032 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company's stock.

Analysts Set New Price Targets

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

Agnico Eagle Mines Trading Up 2.3 %

Shares of NYSE:AEM traded up $1.41 during trading on Friday, reaching $62.00. 3,694,254 shares of the stock were exchanged, compared to its average volume of 3,152,433. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.74 and a current ratio of 2.09. Agnico Eagle Mines Limited has a 12-month low of $43.22 and a 12-month high of $62.48. The firm has a market cap of $30.88 billion, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 26.94 and a beta of 1.06. The firm's 50-day moving average price is $52.42 and its 200 day moving average price is $50.92.

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

Agnico Eagle Mines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date was Thursday, February 29th. Agnico Eagle Mines's dividend payout ratio is presently 38.93%.

About Agnico Eagle Mines

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.