Ninety One UK Ltd Reduces Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Ninety One UK Ltd cut its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,051,078 shares of the mining company's stock after selling 176,752 shares during the period. Ninety One UK Ltd owned about 0.61% of Agnico Eagle Mines worth $167,908,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. IHT Wealth Management LLC lifted its position in shares of Agnico Eagle Mines by 1.5% in the fourth quarter. IHT Wealth Management LLC now owns 14,049 shares of the mining company's stock valued at $988,000 after acquiring an additional 208 shares in the last quarter. Avidian Wealth Solutions LLC lifted its position in shares of Agnico Eagle Mines by 4.7% in the third quarter. Avidian Wealth Solutions LLC now owns 4,846 shares of the mining company's stock valued at $220,000 after acquiring an additional 216 shares in the last quarter. Natixis Advisors L.P. increased its holdings in shares of Agnico Eagle Mines by 1.3% in the third quarter. Natixis Advisors L.P. now owns 18,206 shares of the mining company's stock worth $827,000 after purchasing an additional 242 shares during the last quarter. FirstPurpose Wealth LLC increased its holdings in shares of Agnico Eagle Mines by 3.8% in the third quarter. FirstPurpose Wealth LLC now owns 7,174 shares of the mining company's stock worth $326,000 after purchasing an additional 260 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Agnico Eagle Mines by 34.9% in the first quarter. Geneos Wealth Management Inc. now owns 1,016 shares of the mining company's stock worth $62,000 after purchasing an additional 263 shares during the last quarter. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. 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. National Bank Financial reaffirmed an "outperform overweight" rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. 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. Raymond James lifted 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. Finally, Jefferies Financial Group assumed coverage on Agnico Eagle Mines in a report on Thursday, February 29th. They issued a "hold" rating and a $54.00 target price on the stock. Two research 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 an average target price of $63.71.

Agnico Eagle Mines Trading Up 1.6 %

NYSE AEM traded up $0.99 during trading hours on Thursday, hitting $63.48. 3,613,682 shares of the company were exchanged, compared to its average volume of 3,278,829. The stock has a 50-day moving average price of $54.48 and a 200 day moving average price of $51.70. The company has a quick ratio of 0.74, a current ratio of 2.09 and a debt-to-equity ratio of 0.10. Agnico Eagle Mines Limited has a 52 week low of $43.22 and a 52 week high of $64.19. The stock has a market cap of $31.65 billion, a PE ratio of 15.20, 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 data on Friday, February 16th. The mining company reported $0.57 earnings per share for the quarter, topping the consensus estimate 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 company 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 earnings per share. The firm's revenue for the quarter was up 26.9% on a year-over-year basis. Analysts forecast that Agnico Eagle Mines Limited will post 2.51 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 given a dividend of $0.40 per share. The ex-dividend date was Thursday, February 29th. This represents a $1.60 annualized dividend and a dividend yield of 2.52%. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 38.93%.

Agnico Eagle Mines 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.