Tobam Sells 52,324 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Tobam lowered its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 43.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,489 shares of the mining company's stock after selling 52,324 shares during the period. Tobam's holdings in Agnico Eagle Mines were worth $3,826,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. IHT Wealth Management LLC raised its stake in Agnico Eagle Mines by 1.5% in the 4th quarter. IHT Wealth Management LLC now owns 14,049 shares of the mining company's stock valued at $988,000 after purchasing an additional 208 shares during the last quarter. Avidian Wealth Solutions LLC raised its position in Agnico Eagle Mines by 4.7% in the 3rd quarter. Avidian Wealth Solutions LLC now owns 4,846 shares of the mining company's stock valued at $220,000 after purchasing an additional 216 shares in the last quarter. Natixis Advisors L.P. raised its position in shares of Agnico Eagle Mines by 1.3% during the 3rd quarter. Natixis Advisors L.P. now owns 18,206 shares of the mining company's stock worth $827,000 after acquiring an additional 242 shares in the last quarter. FirstPurpose Wealth LLC raised its position in shares of Agnico Eagle Mines by 3.8% during the 3rd quarter. FirstPurpose Wealth LLC now owns 7,174 shares of the mining company's stock worth $326,000 after acquiring an additional 260 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of Agnico Eagle Mines by 34.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,016 shares of the mining company's stock worth $62,000 after acquiring an additional 263 shares in the last quarter. Hedge funds and other institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Stock Up 1.7 %

NYSE AEM traded up $1.07 on Tuesday, hitting $62.22. 3,128,329 shares of the stock traded hands, compared to its average volume of 3,212,732. The stock has a 50-day moving average of $52.90 and a 200 day moving average of $51.09. Agnico Eagle Mines Limited has a twelve month low of $43.22 and a twelve month high of $62.77. The company has a market capitalization of $30.99 billion, a P/E ratio of 15.14, a price-to-earnings-growth ratio of 26.94 and a beta of 1.06. The company has a current ratio of 2.09, a quick ratio of 0.74 and a debt-to-equity ratio of 0.10.

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

Agnico Eagle Mines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.57%. The ex-dividend date was Thursday, February 29th. Agnico Eagle Mines's payout ratio is currently 38.93%.

Analyst Upgrades and Downgrades

AEM has been the topic of several analyst reports. CIBC lowered their target price on Agnico Eagle Mines from $72.00 to $69.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 7th. Jefferies Financial Group began 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. Raymond James upped their target price on Agnico Eagle Mines from $66.00 to $71.00 and gave the company an "outperform" rating in a research note 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 research report on Wednesday, February 21st. Finally, National Bank Financial reaffirmed an "outperform overweight" rating on shares of Agnico Eagle Mines in a research 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $63.71.

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.