Equinox Partners Investment Management LLC trimmed its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 90.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,504 shares of the mining company's stock after selling 265,026 shares during the quarter. Agnico Eagle Mines accounts for 1.2% of Equinox Partners Investment Management LLC's holdings, making the stock its 9th biggest holding. Equinox Partners Investment Management LLC's holdings in Agnico Eagle Mines were worth $1,618,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AEM. Coppell Advisory Solutions Corp. acquired a new position in Agnico Eagle Mines in the 4th quarter valued at $26,000. Bruce G. Allen Investments LLC acquired a new position in Agnico Eagle Mines in the 4th quarter valued at $33,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Agnico Eagle Mines in the 3rd quarter valued at $34,000. CVA Family Office LLC acquired a new stake in shares of Agnico Eagle Mines during the 4th quarter worth $36,000. Finally, Almanack Investment Partners LLC. acquired a new stake in shares of Agnico Eagle Mines during the 3rd quarter worth $37,000. 68.34% of the stock is owned by institutional investors and hedge funds.
Agnico Eagle Mines Price Performance
NYSE:AEM traded down $0.85 during trading hours on Monday, hitting $61.15. The company's stock had a trading volume of 3,203,505 shares, compared to its average volume of 3,213,961. The stock has a fifty day simple moving average of $52.42 and a 200-day simple moving average of $50.92. The company has a market capitalization of $30.45 billion, a P/E ratio of 15.19, a PEG ratio of 26.94 and a beta of 1.06. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.09 and a quick ratio of 0.74. Agnico Eagle Mines Limited has a twelve month low of $43.22 and a twelve month high of $62.77.
Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly earnings data on Friday, February 16th. The mining company reported $0.57 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 5.54% and a net margin of 29.29%. Agnico Eagle Mines's revenue was up 26.9% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. On average, analysts anticipate that Agnico Eagle Mines Limited will post 2.3 EPS for the current fiscal year.
Agnico Eagle Mines Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.40 dividend. The ex-dividend date was Thursday, February 29th. This represents a $1.60 annualized dividend and a yield of 2.62%. Agnico Eagle Mines's dividend payout ratio is presently 38.93%.
Analysts Set New Price Targets
Several research firms have recently issued reports on AEM. Raymond James increased their target price on Agnico Eagle Mines from $66.00 to $71.00 and gave the stock an "outperform" rating in a report on Friday, January 12th. Jefferies Financial Group began coverage on Agnico Eagle Mines in a report on Thursday, February 29th. They set a "hold" rating and a $54.00 target price on the stock. CIBC reduced their target price on Agnico Eagle Mines from $72.00 to $69.00 and set an "outperform" rating on the stock in a report on Wednesday, February 7th. TD Securities reduced their target price on Agnico Eagle Mines from $64.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, February 21st. Finally, National Bank Financial reissued an "outperform overweight" rating on shares of Agnico Eagle Mines in a report on Wednesday, January 3rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Agnico Eagle Mines presently has an average rating of "Moderate Buy" and a consensus price target of $63.71.
Read Our Latest Analysis on Agnico Eagle Mines
About Agnico Eagle Mines
(
Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Agnico Eagle Mines, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Agnico Eagle Mines wasn't on the list.
While Agnico Eagle Mines currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
