PYA Waltman Capital LLC Cuts Stake in Agnico Eagle Mines Limited (NYSE:AEM)

PYA Waltman Capital LLC lowered its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 6.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,835 shares of the mining company’s stock after selling 335 shares during the period. PYA Waltman Capital LLC’s holdings in Agnico Eagle Mines were worth $378,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in AEM. Charles Schwab Investment Management Inc. lifted its stake in shares of Agnico Eagle Mines by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,136,854 shares of the mining company’s stock valued at $91,681,000 after purchasing an additional 32,991 shares during the period. Bridgewater Associates LP increased its position in Agnico Eagle Mines by 123.2% during the 3rd quarter. Bridgewater Associates LP now owns 204,168 shares of the mining company’s stock worth $16,448,000 after purchasing an additional 112,712 shares in the last quarter. Caldwell Investment Management Ltd. boosted its position in Agnico Eagle Mines by 12.0% during the fourth quarter. Caldwell Investment Management Ltd. now owns 87,700 shares of the mining company’s stock worth $6,812,000 after acquiring an additional 9,400 shares during the last quarter. Forsta AP Fonden increased its stake in Agnico Eagle Mines by 8.9% in the fourth quarter. Forsta AP Fonden now owns 195,100 shares of the mining company’s stock valued at $15,256,000 after purchasing an additional 16,000 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Agnico Eagle Mines by 14.8% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 225,965 shares of the mining company’s stock worth $18,223,000 after acquiring an additional 29,106 shares during 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 brokerages recently weighed in on AEM. StockNews.com raised shares of Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a research report on Monday. Royal Bank of Canada boosted their target price on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Scotiabank lifted their target price on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. Jefferies Financial Group upped their price target on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research report on Tuesday, January 7th. Finally, TD Securities cut their target price on Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Agnico Eagle Mines presently has a consensus rating of “Buy” and an average price target of $94.63.

Agnico Eagle Mines Stock Performance

Shares of NYSE AEM opened at $98.01 on Friday. The company has a market cap of $49.29 billion, a P/E ratio of 25.93, a P/E/G ratio of 0.65 and a beta of 1.10. Agnico Eagle Mines Limited has a 12 month low of $47.73 and a 12 month high of $101.45. The business’s 50 day moving average is $87.46 and its two-hundred day moving average is $83.76. 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) (TSE:AEM) last announced its quarterly earnings results on Thursday, February 13th. The mining company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.44). Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. On average, equities analysts expect that Agnico Eagle Mines Limited will post 4.7 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 42.33%.

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.