Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. reduced its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 1.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,273,260 shares of the mining company’s stock after selling 18,252 shares during the quarter. Franklin Resources Inc.’s holdings in Agnico Eagle Mines were worth $99,531,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Colrain Capital LLC acquired a new position in Agnico Eagle Mines in the fourth quarter worth about $1,822,000. Summit Financial LLC acquired a new position in shares of Agnico Eagle Mines in the 4th quarter worth approximately $749,000. Everstar Asset Management LLC increased its holdings in shares of Agnico Eagle Mines by 6.5% in the 4th quarter. Everstar Asset Management LLC now owns 5,888 shares of the mining company’s stock valued at $460,000 after acquiring an additional 357 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of Agnico Eagle Mines by 5.0% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 114,253 shares of the mining company’s stock valued at $8,929,000 after acquiring an additional 5,466 shares in the last quarter. Finally, Delos Wealth Advisors LLC raised its position in shares of Agnico Eagle Mines by 5.3% during the 4th quarter. Delos Wealth Advisors LLC now owns 42,741 shares of the mining company’s stock valued at $3,343,000 after acquiring an additional 2,148 shares in the last quarter. Institutional investors own 68.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on AEM shares. Stifel Canada upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Wednesday, March 19th. National Bank Financial raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Friday, March 21st. Citigroup raised 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. Royal Bank of Canada upped their target price on Agnico Eagle Mines from $96.00 to $105.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Finally, Scotiabank raised their price target on Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $104.11.

Agnico Eagle Mines Stock Down 0.7 %

Shares of Agnico Eagle Mines stock opened at $107.52 on Thursday. Agnico Eagle Mines Limited has a 1-year low of $60.15 and a 1-year high of $110.36. The company has a market capitalization of $54.08 billion, a P/E ratio of 28.44, a PEG ratio of 0.66 and a beta of 0.87. The business’s fifty day moving average price is $99.18 and its two-hundred day moving average price is $88.41. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86.

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 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%. As a group, research analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid 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 dividend yield of 1.49%. Agnico Eagle Mines’s dividend payout ratio is presently 42.33%.

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.