Massachusetts Financial Services Co. MA Trims Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Massachusetts Financial Services Co. MA lessened its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 0.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,941,836 shares of the mining company’s stock after selling 15,131 shares during the period. Massachusetts Financial Services Co. MA owned approximately 2.58% of Agnico Eagle Mines worth $1,012,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new position in shares of Agnico Eagle Mines during the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC grew its holdings in Agnico Eagle Mines by 859.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock worth $28,000 after acquiring an additional 318 shares during the period. Decker Retirement Planning Inc. purchased a new position in Agnico Eagle Mines during the fourth quarter valued at approximately $29,000. Fifth Third Bancorp lifted its holdings 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 acquiring an additional 260 shares during the period. Finally, Duncker Streett & Co. Inc. boosted its position in Agnico Eagle Mines by 37.3% in the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock worth $32,000 after purchasing an additional 112 shares in the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AEM shares. Stifel Canada raised shares of Agnico Eagle Mines to a “strong-buy” rating in a report on Wednesday, March 19th. UBS Group cut shares of Agnico Eagle Mines from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $100.00 to $110.00 in a report on Monday. Citigroup increased their target price on shares of Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday. Raymond James set a $105.00 price target on Agnico Eagle Mines and gave the company an “outperform” rating in a research note on Tuesday, February 4th. Finally, StockNews.com downgraded Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $104.11.

Agnico Eagle Mines Stock Performance

Shares of NYSE:AEM opened at $108.14 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. Agnico Eagle Mines Limited has a 1 year low of $60.15 and a 1 year high of $110.36. The firm has a market capitalization of $54.40 billion, a PE ratio of 28.61, a P/E/G ratio of 0.66 and a beta of 1.00. The business’s 50 day moving average price is $98.82 and its 200-day moving average price is $88.27.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its earnings results on Thursday, February 13th. The mining company reported $1.26 earnings per share (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%. As a group, equities research analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.40 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.48%. 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.