National Bank of Canada FI Sells 244,362 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

National Bank of Canada FI lessened its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 7.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,132,634 shares of the mining company’s stock after selling 244,362 shares during the quarter. National Bank of Canada FI’s holdings in Agnico Eagle Mines were worth $169,297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in AEM. Natixis Advisors L.P. increased its position in Agnico Eagle Mines by 1.3% in the third quarter. Natixis Advisors L.P. now owns 18,206 shares of the mining company’s stock worth $827,000 after buying an additional 242 shares during the last quarter. FirstPurpose Wealth LLC raised its stake in Agnico Eagle Mines by 3.8% in the 3rd quarter. FirstPurpose Wealth LLC now owns 7,174 shares of the mining company’s stock valued at $326,000 after acquiring an additional 260 shares during the period. PFG Investments LLC lifted its holdings in Agnico Eagle Mines by 3.5% during the third quarter. PFG Investments LLC now owns 8,977 shares of the mining company’s stock valued at $408,000 after purchasing an additional 302 shares during the last quarter. Chilton Capital Management LLC boosted its position in Agnico Eagle Mines by 13.3% during the fourth quarter. Chilton Capital Management LLC now owns 3,191 shares of the mining company’s stock worth $175,000 after purchasing an additional 375 shares during the period. Finally, Violich Capital Management Inc. increased its stake in shares of Agnico Eagle Mines by 2.0% in the fourth quarter. Violich Capital Management Inc. now owns 21,354 shares of the mining company’s stock worth $1,171,000 after purchasing an additional 425 shares in the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

Agnico Eagle Mines Price Performance

AEM traded down $0.08 on Friday, reaching $65.04. The company had a trading volume of 1,909,377 shares, compared to its average volume of 3,578,693. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.88 and a current ratio of 2.21. Agnico Eagle Mines Limited has a 52-week low of $43.22 and a 52-week high of $67.80. The company has a market cap of $32.43 billion, a price-to-earnings ratio of 68.48, a P/E/G ratio of 0.76 and a beta of 1.04. The business has a 50 day simple moving average of $58.51 and a 200 day simple moving average of $53.18.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its earnings results on Thursday, April 25th. The mining company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.16. Agnico Eagle Mines had a net margin of 6.79% and a return on equity of 6.09%. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same period in the previous year, the business earned $0.57 earnings per share. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Agnico Eagle Mines Limited will post 3.23 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Friday, May 31st. Agnico Eagle Mines’s dividend payout ratio is currently 168.42%.

Analyst Upgrades and Downgrades

Several research firms recently commented on AEM. Jefferies Financial Group raised their price objective on shares of Agnico Eagle Mines from $54.00 to $57.00 and gave the stock a “hold” rating in a report on Monday, April 22nd. National Bank Financial reiterated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. Raymond James raised their target price on Agnico Eagle Mines from $66.00 to $71.00 and gave the stock an “outperform” rating in a research note on Friday, January 12th. TD Securities upped their price target on Agnico Eagle Mines from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, CIBC raised their price objective on shares of Agnico Eagle Mines from $80.00 to $81.00 and gave the company an “outperform” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $69.63.

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.