Lbp Am Sa Sells 60,512 Shares of Agnico Eagle Mines Limited $AEM

Lbp Am Sa trimmed its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 32.0% in the fourth quarter, HoldingsChannel reports. The firm owned 128,510 shares of the mining company’s stock after selling 60,512 shares during the quarter. Lbp Am Sa’s holdings in Agnico Eagle Mines were worth $21,786,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. SeaBridge Investment Advisors LLC grew its position in Agnico Eagle Mines by 31.9% in the 4th quarter. SeaBridge Investment Advisors LLC now owns 3,618 shares of the mining company’s stock worth $613,000 after purchasing an additional 875 shares in the last quarter. Farther Finance Advisors LLC grew its position in Agnico Eagle Mines by 10.9% in the 4th quarter. Farther Finance Advisors LLC now owns 9,551 shares of the mining company’s stock worth $1,619,000 after purchasing an additional 938 shares in the last quarter. Assetmark Inc. grew its position in Agnico Eagle Mines by 171.4% in the 4th quarter. Assetmark Inc. now owns 30,968 shares of the mining company’s stock worth $5,250,000 after purchasing an additional 19,558 shares in the last quarter. Pinnacle Wealth Management Group Inc. grew its position in Agnico Eagle Mines by 2.6% in the 4th quarter. Pinnacle Wealth Management Group Inc. now owns 25,801 shares of the mining company’s stock worth $4,374,000 after purchasing an additional 652 shares in the last quarter. Finally, Choreo LLC grew its position in Agnico Eagle Mines by 8.1% in the 4th quarter. Choreo LLC now owns 10,381 shares of the mining company’s stock worth $1,784,000 after purchasing an additional 774 shares in the last quarter. 68.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Raymond James Financial reaffirmed an “outperform” rating and issued a $225.00 price objective on shares of Agnico Eagle Mines in a research report on Wednesday, January 14th. Erste Group Bank downgraded shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Zacks Research downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. UBS Group reduced their price objective on shares of Agnico Eagle Mines from $240.00 to $210.00 and set a “neutral” rating for the company in a research report on Friday, March 27th. Finally, Weiss Ratings raised shares of Agnico Eagle Mines from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $237.30.

Agnico Eagle Mines Stock Down 2.5%

Agnico Eagle Mines stock opened at $214.37 on Thursday. Agnico Eagle Mines Limited has a twelve month low of $103.38 and a twelve month high of $255.24. The firm has a 50 day moving average price of $213.89 and a 200-day moving average price of $189.32. The company has a market capitalization of $107.41 billion, a P/E ratio of 24.14 and a beta of 0.71. The company has a quick ratio of 1.33, a current ratio of 2.02 and a debt-to-equity ratio of 0.01.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Thursday, February 12th. The mining company reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.56 by $0.13. Agnico Eagle Mines had a net margin of 37.47% and a return on equity of 18.09%. The firm had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same period in the prior year, the firm earned $1.26 EPS. The company’s revenue was up 60.3% compared to the same quarter last year. As a group, equities analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.40. Agnico Eagle Mines’s payout ratio is currently 20.27%.

Agnico Eagle Mines Profile

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.