Tcfg Wealth Management LLC Reduces Position in Agnico Eagle Mines Limited (NYSE:AEM)

Tcfg Wealth Management LLC lessened its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,438 shares of the mining company’s stock after selling 879 shares during the quarter. Tcfg Wealth Management LLC’s holdings in Agnico Eagle Mines were worth $1,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of AEM. Van ECK Associates Corp lifted its stake in shares of 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 valued at $1,745,858,000 after buying an additional 778,919 shares in the last quarter. FMR LLC lifted its stake in shares of Agnico Eagle Mines by 43.5% during the 3rd quarter. FMR LLC now owns 15,061,244 shares of the mining company’s stock valued at $1,213,311,000 after buying an additional 4,562,005 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Agnico Eagle Mines by 16.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,892,898 shares of the mining company’s stock valued at $474,660,000 after buying an additional 817,240 shares in the last quarter. National Bank of Canada FI lifted its stake in shares of Agnico Eagle Mines by 7.4% during the 3rd quarter. National Bank of Canada FI now owns 4,155,349 shares of the mining company’s stock valued at $334,749,000 after buying an additional 285,565 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Agnico Eagle Mines by 17.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,051,140 shares of the mining company’s stock valued at $326,571,000 after buying an additional 591,178 shares in the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Down 5.0 %

Shares of AEM stock opened at $95.75 on Friday. The stock has a market cap of $48.09 billion, a P/E ratio of 47.87, a PEG ratio of 0.66 and a beta of 1.10. Agnico Eagle Mines Limited has a 52 week low of $45.75 and a 52 week high of $101.45. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The company’s fifty day simple moving average is $86.51 and its two-hundred day simple moving average is $83.22.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its earnings results on Thursday, February 13th. The mining company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a return on equity of 8.88% and a net margin of 12.86%. Analysts predict that Agnico Eagle Mines Limited will post 4.14 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.67%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 80.00%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on AEM shares. Royal Bank of Canada lifted 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 shares of 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. Finally, Jefferies Financial Group lifted their target price on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $92.75.

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.