Russell Investments Group Ltd. Sells 17,583 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Russell Investments Group Ltd. decreased its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 378,290 shares of the mining company's stock after selling 17,583 shares during the quarter. Russell Investments Group Ltd. owned 0.08% of Agnico Eagle Mines worth $20,844,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Bruce G. Allen Investments LLC acquired a new position in Agnico Eagle Mines during the fourth quarter worth $33,000. CVA Family Office LLC bought a new stake in Agnico Eagle Mines during the 4th quarter worth about $36,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Agnico Eagle Mines during the 3rd quarter worth about $34,000. Anchor Investment Management LLC acquired a new position in shares of Agnico Eagle Mines during the 4th quarter worth about $55,000. Finally, Planned Solutions Inc. bought a new position in shares of Agnico Eagle Mines in the 4th quarter valued at about $93,000. 68.34% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Stock Performance

Shares of NYSE AEM traded down $0.06 during mid-day trading on Friday, reaching $65.06. 1,909,339 shares of the company were exchanged, compared to its average volume of 3,276,682. The stock has a market capitalization of $32.44 billion, a P/E ratio of 68.48, a P/E/G ratio of 0.75 and a beta of 1.04. The company has a quick ratio of 0.88, a current ratio of 2.21 and a debt-to-equity ratio of 0.09. The company's 50-day simple moving average is $58.20 and its 200-day simple moving average is $53.07. Agnico Eagle Mines Limited has a twelve month low of $43.22 and a twelve month high of $67.80.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its earnings results on Thursday, April 25th. The mining company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.60 by $0.16. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.78 billion. Agnico Eagle Mines had a return on equity of 6.09% and a net margin of 6.79%. The firm's revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.57 earnings per share. As a group, research analysts predict that Agnico Eagle Mines Limited will post 3.23 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Friday, May 31st. Agnico Eagle Mines's dividend payout ratio is currently 168.42%.

Wall Street Analysts Forecast Growth

AEM has been the subject of several recent research reports. CIBC increased their price target on Agnico Eagle Mines from $80.00 to $81.00 and gave the company an "outperform" rating in a research report on Tuesday. TD Securities increased their price objective on Agnico Eagle Mines from $74.00 to $78.00 and gave the company a "buy" rating in a report on Tuesday. Citigroup boosted their target price on shares of Agnico Eagle Mines from $65.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday. Jefferies Financial Group increased their price target on shares of Agnico Eagle Mines from $54.00 to $57.00 and gave the company a "hold" rating in a research note on Monday, April 22nd. Finally, National Bank Financial restated an "outperform overweight" rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Agnico Eagle Mines currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.63.

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.