FSA Wealth Management LLC Lowers Position in Agnico Eagle Mines Limited (NYSE:AEM)

FSA Wealth Management LLC decreased its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 15.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 607 shares of the mining company’s stock after selling 114 shares during the quarter. FSA Wealth Management LLC’s holdings in Agnico Eagle Mines were worth $47,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AEM. Jones Financial Companies Lllp grew its stake in Agnico Eagle Mines by 78.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,259 shares of the mining company’s stock worth $255,000 after purchasing an additional 1,431 shares in the last quarter. Caldwell Investment Management Ltd. increased its stake in shares of 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 valued at $6,812,000 after buying an additional 9,400 shares during the period. Forsta AP Fonden raised its holdings in shares of 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 acquiring an additional 16,000 shares in the last quarter. Resonant Capital Advisors LLC bought a new stake in shares of Agnico Eagle Mines in the fourth quarter valued at about $208,000. Finally, US Bancorp DE grew its holdings in Agnico Eagle Mines by 2.7% during the 4th quarter. US Bancorp DE now owns 6,770 shares of the mining company’s stock worth $529,000 after acquiring an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Up 1.7 %

Shares of AEM opened at $123.59 on Tuesday. Agnico Eagle Mines Limited has a 1-year low of $61.56 and a 1-year high of $127.61. The business’s 50-day moving average price is $104.32 and its 200 day moving average price is $91.53. The stock has a market capitalization of $62.20 billion, a P/E ratio of 32.70, a P/E/G ratio of 0.66 and a beta of 0.87. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data 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 return on equity of 10.45% and a net margin of 22.88%. Analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.29%. Agnico Eagle Mines’s dividend payout ratio is 42.33%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Raymond James upped their price target 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. Citigroup raised their price target on shares of Agnico Eagle Mines from $100.00 to $140.00 and gave the company a “buy” rating in a report on Monday, March 31st. UBS Group boosted their price objective on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, April 11th. BMO Capital Markets initiated 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. Finally, Royal Bank of Canada boosted their price objective on Agnico Eagle Mines from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $124.40.

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.