Heathbridge Capital Management Ltd. Has $14.68 Million Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Heathbridge Capital Management Ltd. cut its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 25.1% during the fourth quarter, HoldingsChannel reports. The firm owned 187,800 shares of the mining company’s stock after selling 63,000 shares during the period. Agnico Eagle Mines comprises 5.8% of Heathbridge Capital Management Ltd.’s investment portfolio, making the stock its 6th biggest position. Heathbridge Capital Management Ltd.’s holdings in Agnico Eagle Mines were worth $14,678,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in AEM. Charles Schwab Investment Management Inc. increased its position in Agnico Eagle Mines by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,136,854 shares of the mining company’s stock worth $91,681,000 after buying an additional 32,991 shares during the period. Bridgewater Associates LP grew its stake in shares of Agnico Eagle Mines by 123.2% in the third quarter. Bridgewater Associates LP now owns 204,168 shares of the mining company’s stock worth $16,448,000 after acquiring an additional 112,712 shares during the last quarter. Caldwell Investment Management Ltd. increased its position in Agnico Eagle Mines by 12.0% during the fourth quarter. Caldwell Investment Management Ltd. now owns 87,700 shares of the mining company’s stock worth $6,812,000 after acquiring an additional 9,400 shares during the period. Forsta AP Fonden raised its stake in Agnico Eagle Mines by 8.9% during the 4th quarter. Forsta AP Fonden now owns 195,100 shares of the mining company’s stock valued at $15,256,000 after purchasing an additional 16,000 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in Agnico Eagle Mines by 14.8% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 225,965 shares of the mining company’s stock valued at $18,223,000 after purchasing an additional 29,106 shares during the period. Institutional investors and hedge funds own 68.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AEM. Scotiabank boosted their price objective on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. 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 report on Tuesday, February 11th. Finally, Jefferies Financial Group lifted their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $92.75.

Agnico Eagle Mines Price Performance

Shares of AEM stock opened at $95.75 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83. The stock’s fifty day simple moving average is $86.51 and its 200 day simple moving average is $83.22. Agnico Eagle Mines Limited has a one year low of $45.75 and a one year high of $101.45. The firm has a market cap of $48.09 billion, a price-to-earnings ratio of 47.87, a P/E/G ratio of 0.66 and a beta of 1.10.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its 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 8.88% and a net margin of 12.86%. On average, analysts expect that Agnico Eagle Mines Limited will post 4.14 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The company 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 80.00%.

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.