Price T Rowe Associates Inc. MD lowered its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 53.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 770,178 shares of the mining company's stock after selling 896,305 shares during the period. Price T Rowe Associates Inc. MD owned 0.15% of Agnico Eagle Mines worth $60,237,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of AEM. Susquehanna Advisors Group Inc. bought a new stake in Agnico Eagle Mines during the 4th quarter worth approximately $3,101,000. Hsbc Holdings PLC boosted its stake in Agnico Eagle Mines by 26.8% during the fourth quarter. Hsbc Holdings PLC now owns 627,559 shares of the mining company's stock valued at $49,048,000 after buying an additional 132,625 shares during the period. J. Safra Sarasin Holding AG increased its stake in Agnico Eagle Mines by 11.4% in the 4th quarter. J. Safra Sarasin Holding AG now owns 14,847 shares of the mining company's stock worth $1,161,000 after acquiring an additional 1,525 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Agnico Eagle Mines by 147.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,828 shares of the mining company's stock worth $143,000 after acquiring an additional 1,089 shares during the last quarter. Finally, Ossiam boosted its stake in Agnico Eagle Mines by 7,859.5% in the fourth quarter. Ossiam now owns 92,887 shares of the mining company's stock worth $7,263,000 after buying an additional 91,720 shares in the last quarter. Institutional investors own 68.34% of the company's stock.
Agnico Eagle Mines Trading Down 1.3 %
AEM stock traded down $1.47 during mid-day trading on Friday, hitting $111.09. 4,221,079 shares of the company were exchanged, compared to its average volume of 2,450,809. The firm has a market capitalization of $55.91 billion, a P/E ratio of 29.39, a PEG ratio of 0.66 and a beta of 0.87. The business has a fifty day simple moving average of $107.60 and a 200-day simple moving average of $93.50. Agnico Eagle Mines Limited has a 12-month low of $63.01 and a 12-month high of $126.76. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06.
Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly earnings data on Thursday, April 24th. The mining company reported $1.53 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.14. Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. The company had revenue of $2.38 billion for the quarter, compared to analysts' expectations of $2.27 billion. During the same quarter last year, the company earned $0.76 earnings per share. The firm's revenue for the quarter was up 34.9% on a year-over-year basis. On average, equities research analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.
Agnico Eagle Mines Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.44%. The ex-dividend date is Monday, December 1st. Agnico Eagle Mines's payout ratio is currently 34.04%.
Wall Street Analysts Forecast Growth
Several research firms have commented on AEM. Raymond James boosted their target price on Agnico Eagle Mines from $105.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. BMO Capital Markets started coverage on shares of Agnico Eagle Mines in a report on Wednesday, April 16th. They issued an "outperform" rating and a $181.00 price objective for the company. National Bank Financial upgraded Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st. Bank of America lifted their price objective on Agnico Eagle Mines from $119.00 to $142.00 and gave the stock a "buy" rating in a report on Tuesday, April 8th. Finally, Jefferies Financial Group upped their target price on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a "hold" rating in a research note on Tuesday, January 7th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Agnico Eagle Mines presently has an average rating of "Buy" and a consensus target price of $124.40.
Get Our Latest Stock Analysis on Agnico Eagle Mines
About Agnico Eagle Mines
(
Free Report)
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.
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