ANTIPODES PARTNERS Ltd Sells 332,985 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

ANTIPODES PARTNERS Ltd decreased its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 80.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,934 shares of the mining company’s stock after selling 332,985 shares during the quarter. ANTIPODES PARTNERS Ltd’s holdings in Agnico Eagle Mines were worth $6,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of AEM. Versant Capital Management Inc bought a new stake in Agnico Eagle Mines in the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC lifted its position in Agnico Eagle Mines by 859.5% in 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 last quarter. Decker Retirement Planning Inc. bought a new stake in Agnico Eagle Mines in the fourth quarter valued at approximately $29,000. Fifth Third Bancorp lifted its position in Agnico Eagle Mines by 176.9% in the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock valued at $32,000 after purchasing an additional 260 shares during the last quarter. Finally, Duncker Streett & Co. Inc. lifted its position in Agnico Eagle Mines by 37.3% in the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock valued at $32,000 after purchasing an additional 112 shares during the last quarter. Institutional investors own 68.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Jefferies Financial Group boosted 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. StockNews.com downgraded Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. Royal Bank of Canada boosted their price objective on Agnico Eagle Mines from $96.00 to $105.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Raymond James set a $105.00 price objective on Agnico Eagle Mines and gave the company an “outperform” rating in a research report on Tuesday, February 4th. Finally, TD Securities lowered their price objective on Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.78.

Agnico Eagle Mines Price Performance

Shares of AEM stock opened at $101.03 on Thursday. The stock has a market cap of $50.81 billion, a price-to-earnings ratio of 26.73, a PEG ratio of 0.66 and a beta of 1.00. The business’s fifty day moving average is $92.61 and its 200 day moving average is $85.74. Agnico Eagle Mines Limited has a twelve month low of $54.02 and a twelve month high of $101.81. 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 (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings results 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%. Research analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid 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 1.58%. Agnico Eagle Mines’s dividend payout ratio is currently 42.33%.

About Agnico Eagle Mines

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.