Triasima Portfolio Management inc. Has $21.12 Million Stock Position in Agnico Eagle Mines Limited (NYSE:AEM)

Triasima Portfolio Management inc. lessened its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 6.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 384,560 shares of the mining company's stock after selling 27,400 shares during the period. Agnico Eagle Mines accounts for 1.7% of Triasima Portfolio Management inc.'s portfolio, making the stock its 20th largest position. Triasima Portfolio Management inc. owned 0.08% of Agnico Eagle Mines worth $21,124,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Agnico Eagle Mines by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 17,224,538 shares of the mining company's stock valued at $782,855,000 after buying an additional 278,647 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Agnico Eagle Mines by 1.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 13,794,968 shares of the mining company's stock valued at $626,981,000 after buying an additional 152,166 shares during the period. Mackenzie Financial Corp grew its holdings in shares of Agnico Eagle Mines by 13.9% in the 4th quarter. Mackenzie Financial Corp now owns 9,852,941 shares of the mining company's stock valued at $511,175,000 after buying an additional 1,199,348 shares during the period. The Manufacturers Life Insurance Company grew its holdings 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 buying an additional 665,356 shares during the period. Finally, Flossbach Von Storch AG grew its holdings in shares of Agnico Eagle Mines by 0.4% in the 3rd quarter. Flossbach Von Storch AG now owns 5,666,972 shares of the mining company's stock valued at $257,564,000 after buying an additional 21,766 shares during the period. Institutional investors and hedge funds own 68.34% of the company's stock.

Agnico Eagle Mines Stock Down 0.4 %

NYSE:AEM traded down $0.22 on Friday, hitting $61.45. 5,736,794 shares of the company's stock were exchanged, compared to its average volume of 3,150,495. The firm has a 50-day moving average price of $53.62 and a 200-day moving average price of $51.36. 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 52 week low of $43.22 and a 52 week high of $64.19. The company has a market cap of $30.64 billion, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 0.92 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 EPS for the quarter, topping the consensus estimate of $0.48 by $0.09. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 5.54%. The firm had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.72 billion. During the same period in the previous year, the firm posted $0.41 EPS. The company's revenue for the quarter was up 26.9% on a year-over-year basis. As a group, analysts expect that Agnico Eagle Mines Limited will post 2.51 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The company 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. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.60%. Agnico Eagle Mines's payout ratio is 38.93%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on AEM shares. National Bank Financial reaffirmed an "outperform overweight" rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. TD Securities reduced their target price on shares of Agnico Eagle Mines from $64.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, February 21st. CIBC reduced 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. Jefferies Financial Group started coverage on shares of Agnico Eagle Mines in a research note on Thursday, February 29th. They issued a "hold" rating and a $54.00 target price for the company. Finally, Raymond James upped their target price on shares of Agnico Eagle Mines from $66.00 to $71.00 and gave the stock an "outperform" rating in a research note on Friday, January 12th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.