Agnico Eagle Mines Limited (NYSE:AEM) is Shorepoint Capital Partners LLC's 10th Largest Position

Shorepoint Capital Partners LLC lessened its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 5.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 109,613 shares of the mining company's stock after selling 6,581 shares during the period. Agnico Eagle Mines comprises 2.0% of Shorepoint Capital Partners LLC's portfolio, making the stock its 10th largest holding. Shorepoint Capital Partners LLC's holdings in Agnico Eagle Mines were worth $8,573,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AEM. Van ECK Associates Corp grew its stake in shares of Agnico Eagle Mines by 3.6% during the 4th quarter. Van ECK Associates Corp now owns 22,322,859 shares of the mining company's stock valued at $1,745,858,000 after purchasing an additional 778,919 shares during the period. Vanguard Group Inc. grew its position in shares of Agnico Eagle Mines by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 19,865,285 shares of the mining company's stock valued at $1,554,180,000 after acquiring an additional 331,087 shares during the period. Capital World Investors increased its stake in shares of Agnico Eagle Mines by 41.9% in the 4th quarter. Capital World Investors now owns 13,952,061 shares of the mining company's stock worth $1,091,550,000 after purchasing an additional 4,121,164 shares in the last quarter. Norges Bank bought a new position in Agnico Eagle Mines in the 4th quarter worth $573,446,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in Agnico Eagle Mines by 81.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,051,473 shares of the mining company's stock valued at $551,339,000 after purchasing an additional 3,155,927 shares in the last quarter. Hedge funds and other institutional investors own 68.34% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AEM shares. National Bank Financial upgraded Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st. Scotiabank restated an "outperform" rating on shares of Agnico Eagle Mines in a research note on Monday, April 14th. TD Securities reduced their price objective on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Raymond James upped their target price on shares of Agnico Eagle Mines from $105.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Finally, Bank of America upped 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. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $124.40.

Agnico Eagle Mines Trading Down 4.5 %

AEM traded down $5.28 during trading hours on Thursday, reaching $112.30. 4,660,233 shares of the company's stock traded hands, compared to its average volume of 2,443,660. The firm has a 50-day moving average price of $107.30 and a 200 day moving average price of $93.28. The firm has a market capitalization of $56.52 billion, a PE ratio of 29.71, a PEG ratio of 0.66 and a beta of 0.87. 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 Limited has a 52-week low of $63.01 and a 52-week high of $126.76.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its quarterly earnings results on Thursday, April 24th. The mining company reported $1.53 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.14. The firm had revenue of $2.38 billion for the quarter, compared to analysts' expectations of $2.27 billion. Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. The business's revenue for the quarter was up 34.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 earnings per share. As a group, sell-side analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $0.40 dividend. The ex-dividend date is Monday, December 1st. This represents a $1.60 annualized dividend and a dividend yield of 1.42%. Agnico Eagle Mines's dividend payout ratio is currently 34.04%.

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.