Financial Sense Advisors Inc. Decreases Stake in Agnico Eagle Mines Limited (NYSE:AEM)

Financial Sense Advisors Inc. trimmed its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 15.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,224 shares of the mining company’s stock after selling 9,679 shares during the quarter. Agnico Eagle Mines accounts for approximately 1.4% of Financial Sense Advisors Inc.’s holdings, making the stock its 19th biggest holding. Financial Sense Advisors Inc.’s holdings in Agnico Eagle Mines were worth $4,163,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Creative Planning raised its position in Agnico Eagle Mines by 28.7% during the 3rd quarter. Creative Planning now owns 37,876 shares of the mining company’s stock valued at $3,051,000 after purchasing an additional 8,456 shares during the last quarter. Blue Trust Inc. lifted its position in Agnico Eagle Mines by 124.2% during the third quarter. Blue Trust Inc. now owns 3,663 shares of the mining company’s stock valued at $295,000 after buying an additional 2,029 shares during the period. OLD National Bancorp IN bought a new stake in Agnico Eagle Mines during the third quarter worth about $232,000. Foundations Investment Advisors LLC purchased a new stake in shares of Agnico Eagle Mines in the 3rd quarter worth approximately $209,000. Finally, Signaturefd LLC increased its position in Agnico Eagle Mines by 4.1% during the 3rd quarter. Signaturefd LLC now owns 9,227 shares of the mining company’s stock valued at $743,000 after buying an additional 367 shares in the last quarter. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Up 0.8 %

Agnico Eagle Mines stock opened at $98.08 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. The firm’s 50 day moving average price is $87.21 and its 200-day moving average price is $83.66. Agnico Eagle Mines Limited has a 1 year low of $47.73 and a 1 year high of $101.45. The stock has a market cap of $49.33 billion, a P/E ratio of 25.95, a PEG ratio of 0.64 and a beta of 1.10.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings data on Thursday, February 13th. The mining company reported $1.26 EPS 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, equities analysts predict that Agnico Eagle Mines Limited will post 4.71 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.63%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 42.33%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AEM shares. Scotiabank upped their price target on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. Royal Bank of Canada upped their price target on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. TD Securities decreased 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. StockNews.com raised Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a report on Monday. Finally, Jefferies Financial Group lifted their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $94.63.

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.