Game Creek Capital LP Sells 250 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Game Creek Capital LP trimmed its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 1.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 21,750 shares of the mining company’s stock after selling 250 shares during the period. Game Creek Capital LP’s holdings in Agnico Eagle Mines were worth $1,701,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AEM. Van ECK Associates Corp lifted its position in shares of Agnico Eagle Mines by 3.6% in the fourth quarter. Van ECK Associates Corp now owns 22,322,859 shares of the mining company’s stock valued at $1,745,858,000 after buying an additional 778,919 shares during the last quarter. Vanguard Group Inc. grew its holdings 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 worth $1,554,180,000 after purchasing an additional 331,087 shares in the last quarter. Capital World Investors lifted its position in Agnico Eagle Mines by 41.9% during the fourth 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 during the period. Deutsche Bank AG increased its stake in Agnico Eagle Mines by 0.7% in the fourth quarter. Deutsche Bank AG now owns 11,916,739 shares of the mining company’s stock valued at $932,008,000 after acquiring an additional 87,410 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Agnico Eagle Mines in the 4th quarter valued at $573,446,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Price Performance

NYSE AEM opened at $117.04 on Friday. The company has a market cap of $58.90 billion, a PE ratio of 30.96, a price-to-earnings-growth ratio of 0.66 and a beta of 0.54. The firm’s 50-day simple moving average is $109.90 and its two-hundred day simple moving average is $94.79. Agnico Eagle Mines Limited has a 52 week low of $63.01 and a 52 week 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) (TSE:AEM) last announced its earnings results 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. The business had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.27 billion. Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. The company’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.76 EPS. Research analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

The business 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Monday, December 1st. Agnico Eagle Mines’s payout ratio is 34.04%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AEM shares. Cfra Research raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Friday, April 25th. UBS Group upped their target price on Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, April 11th. Raymond James lifted their price target on Agnico Eagle Mines from $105.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, April 4th. TD Securities lowered their price objective on Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Finally, Citigroup boosted their target price on shares of Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, March 31st. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $124.40.

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.