St. James Investment Company LLC Sells 80,751 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

St. James Investment Company LLC cut its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 8.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 928,492 shares of the mining company's stock after selling 80,751 shares during the period. Agnico Eagle Mines accounts for approximately 8.3% of St. James Investment Company LLC's investment portfolio, making the stock its 3rd largest holding. St. James Investment Company LLC owned 0.19% of Agnico Eagle Mines worth $50,928,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Quilter Plc acquired a new position in shares of Agnico Eagle Mines during the first quarter valued at $204,981,000. Coppell Advisory Solutions Corp. acquired a new position in shares of Agnico Eagle Mines during the fourth quarter valued at $26,000. Bruce G. Allen Investments LLC acquired a new position in shares of Agnico Eagle Mines during the fourth quarter valued at $33,000. CVA Family Office LLC acquired a new position in shares of Agnico Eagle Mines during the fourth quarter valued at $36,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Agnico Eagle Mines during the third quarter valued at $34,000. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Trading Up 0.5 %

AEM traded up $0.31 during trading on Tuesday, reaching $61.74. The company had a trading volume of 5,075,731 shares, compared to its average volume of 3,270,498. The firm's 50-day simple moving average is $54.18 and its 200 day simple moving average is $51.63. The company has a market cap of $30.78 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 0.92 and a beta of 1.06. Agnico Eagle Mines Limited has a 12-month low of $43.22 and a 12-month high of $64.19. 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 (NYSE:AEM - Get Free Report) TSE: AEM last issued its quarterly earnings results on Friday, February 16th. The mining company reported $0.57 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.09. The firm had revenue of $1.76 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter last year, the business posted $0.41 EPS. Equities research analysts anticipate that Agnico Eagle Mines Limited will post 2.51 earnings per share for the current 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. The ex-dividend date was Thursday, February 29th. This represents a $1.60 annualized dividend and a yield of 2.59%. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 38.93%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AEM shares. CIBC lowered their price target 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. 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 note on Friday, January 12th. National Bank Financial reaffirmed an "outperform overweight" rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. TD Securities decreased their target price on 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. Finally, Jefferies Financial Group started coverage on Agnico Eagle Mines in a research note on Thursday, February 29th. They set a "hold" rating and a $54.00 target price for the company. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.