Nkcfo LLC Decreases Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Nkcfo LLC trimmed its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 0.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 326,733 shares of the mining company’s stock after selling 3,000 shares during the period. Agnico Eagle Mines comprises approximately 9.7% of Nkcfo LLC’s holdings, making the stock its 2nd largest holding. Nkcfo LLC owned about 0.07% of Agnico Eagle Mines worth $17,921,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Bruce G. Allen Investments LLC acquired a new position in shares of Agnico Eagle Mines in the 4th quarter valued at $33,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Agnico Eagle Mines in the 3rd quarter valued at $34,000. CVA Family Office LLC acquired a new position in shares of Agnico Eagle Mines in the 4th quarter valued at $36,000. Anchor Investment Management LLC acquired a new stake in Agnico Eagle Mines during the 4th quarter worth $55,000. Finally, Assetmark Inc. acquired a new stake in Agnico Eagle Mines during the 3rd quarter worth $87,000. 68.34% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Stock Performance

Shares of NYSE:AEM traded down $0.08 during trading on Friday, reaching $65.04. 1,909,377 shares of the stock were exchanged, compared to its average volume of 3,578,693. Agnico Eagle Mines Limited has a 12 month low of $43.22 and a 12 month high of $67.80. The firm has a market cap of $32.43 billion, a PE ratio of 68.46, a PEG ratio of 0.76 and a beta of 1.04. The stock has a 50-day moving average price of $58.51 and a 200-day moving average price of $53.21. The company has a current ratio of 2.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.09.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings results on Thursday, April 25th. The mining company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate 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% on a year-over-year basis. Research analysts expect that Agnico Eagle Mines Limited will post 3.23 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. TD Securities lifted their price target on Agnico Eagle Mines from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Citigroup lifted their price target on Agnico Eagle Mines from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Raymond James lifted their price target on Agnico Eagle Mines from $66.00 to $71.00 and gave the company an “outperform” rating in a research note on Friday, January 12th. Finally, CIBC lifted their price target on Agnico Eagle Mines from $80.00 to $81.00 and gave the company an “outperform” rating in a research note on Tuesday, April 30th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.63.

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.