Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Plancorp LLC

Plancorp LLC cut its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 8.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 71,758 shares of the mining company’s stock after selling 7,040 shares during the period. Plancorp LLC’s holdings in Agnico Eagle Mines were worth $5,612,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AEM. FMR LLC lifted its position in Agnico Eagle Mines by 43.5% during the 3rd quarter. FMR LLC now owns 15,061,244 shares of the mining company’s stock worth $1,213,311,000 after acquiring an additional 4,562,005 shares in the last quarter. AGF Management Ltd. lifted its position in Agnico Eagle Mines by 184.6% during the 4th quarter. AGF Management Ltd. now owns 1,395,850 shares of the mining company’s stock worth $109,205,000 after acquiring an additional 905,328 shares in the last quarter. Van ECK Associates Corp lifted its position in 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 worth $1,745,858,000 after acquiring an additional 778,919 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Agnico Eagle Mines by 262.5% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,060,402 shares of the mining company’s stock worth $85,413,000 after acquiring an additional 767,912 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Agnico Eagle Mines during the 4th quarter worth approximately $52,503,000. 68.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on AEM shares. Raymond James set a $105.00 target price on Agnico Eagle Mines and gave the company an “outperform” rating in a research report on Tuesday, February 4th. 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 report on Wednesday, February 19th. StockNews.com lowered Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. Jefferies Financial Group upped their target price on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a research report on Tuesday, January 7th. Finally, Scotiabank upped their target price on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 21st. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Agnico Eagle Mines presently has a consensus rating of “Buy” and an average price target of $95.78.

Agnico Eagle Mines Price Performance

Shares of NYSE AEM opened at $104.33 on Friday. Agnico Eagle Mines Limited has a twelve month low of $55.64 and a twelve month high of $107.88. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $52.48 billion, a price-to-earnings ratio of 27.60, a price-to-earnings-growth ratio of 0.66 and a beta of 1.00. The business has a 50 day simple moving average of $95.77 and a 200-day simple moving average of $86.82.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Thursday, February 13th. The mining company reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.44). Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. As a group, equities research analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio is presently 42.33%.

About Agnico Eagle Mines

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.