Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Reduces Stock Position in Agnico Eagle Mines Limited (NYSE:AEM)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group lessened its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 12.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,146 shares of the mining company’s stock after selling 7,594 shares during the period. Agnico Eagle Mines accounts for 2.4% of Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings, making the stock its 10th biggest position. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Agnico Eagle Mines were worth $4,152,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Versant Capital Management Inc bought a new position in Agnico Eagle Mines during the 4th quarter worth $26,000. Smartleaf Asset Management LLC increased its position in Agnico Eagle Mines by 859.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock worth $28,000 after buying an additional 318 shares during the period. Decker Retirement Planning Inc. bought a new position in Agnico Eagle Mines during the 4th quarter worth $29,000. Fifth Third Bancorp increased its position in Agnico Eagle Mines by 176.9% during the 4th quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock worth $32,000 after buying an additional 260 shares during the period. Finally, Duncker Streett & Co. Inc. increased its position in Agnico Eagle Mines by 37.3% during the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock worth $32,000 after buying an additional 112 shares during the period. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Performance

NYSE:AEM opened at $101.03 on Thursday. The stock’s 50-day simple moving average is $92.61 and its 200 day simple moving average is $85.74. The firm has a market capitalization of $50.81 billion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 0.66 and a beta of 1.00. 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 Limited has a twelve month low of $54.02 and a twelve month high of $101.81.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings data 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 net margin of 22.88% and a return on equity of 10.45%. On average, analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.40 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.60 annualized dividend and a yield of 1.58%. Agnico Eagle Mines’s dividend payout ratio is presently 42.33%.

Analyst Ratings Changes

AEM has been the topic of several analyst reports. Jefferies Financial Group increased their target price on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a report on Tuesday, January 7th. Royal Bank of Canada increased their target price on Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Raymond James set a $105.00 target price on Agnico Eagle Mines and gave the stock an “outperform” rating in a report on Tuesday, February 4th. StockNews.com lowered Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. Finally, TD Securities reduced their target price on Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Agnico Eagle Mines currently has a consensus rating of “Moderate Buy” and an average price target of $95.78.

Agnico Eagle Mines Company 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.