Agnico Eagle Mines Limited (NYSE:AEM) Position Cut by Black Swift Group LLC

Black Swift Group LLC trimmed its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 66.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,840 shares of the mining company’s stock after selling 5,660 shares during the quarter. Black Swift Group LLC’s holdings in Agnico Eagle Mines were worth $222,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Duncker Streett & Co. Inc. increased its position in shares of Agnico Eagle Mines by 37.3% during the 4th 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 period. Pinnacle Wealth Management Group Inc. increased its position in shares of Agnico Eagle Mines by 0.5% during the 4th quarter. Pinnacle Wealth Management Group Inc. now owns 24,407 shares of the mining company’s stock valued at $1,909,000 after purchasing an additional 125 shares during the period. Diversify Wealth Management LLC increased its position in shares of Agnico Eagle Mines by 2.1% during the 4th quarter. Diversify Wealth Management LLC now owns 6,753 shares of the mining company’s stock valued at $569,000 after purchasing an additional 141 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in shares of Agnico Eagle Mines by 34.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the mining company’s stock valued at $51,000 after purchasing an additional 165 shares during the period. Finally, US Bancorp DE increased its position in shares of Agnico Eagle Mines by 2.7% during the 4th quarter. US Bancorp DE now owns 6,770 shares of the mining company’s stock valued at $529,000 after purchasing an additional 175 shares during the period. 68.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AEM shares. StockNews.com cut Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. Scotiabank raised their price objective on 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. Raymond James set a $105.00 price objective on Agnico Eagle Mines and gave the stock an “outperform” rating in a research note on Tuesday, February 4th. Jefferies Financial Group raised their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th. Finally, Royal Bank of Canada raised their price objective on Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Agnico Eagle Mines presently has an average rating of “Moderate Buy” and a consensus price target of $95.78.

Agnico Eagle Mines Stock Performance

Shares of Agnico Eagle Mines stock opened at $99.65 on Thursday. The stock has a market cap of $50.12 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10. The business has a fifty day simple moving average of $90.12 and a 200-day simple moving average of $85.04. 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 Limited has a 12 month low of $53.11 and a 12 month high of $101.45.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results 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 return on equity of 10.45% and a net margin of 22.88%. On average, sell-side analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors 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 1.61%. Agnico Eagle Mines’s payout ratio is 42.33%.

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.