Aviso Financial Inc. Sells 16,675 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Aviso Financial Inc. lessened its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 42.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 22,720 shares of the mining company’s stock after selling 16,675 shares during the period. Aviso Financial Inc.’s holdings in Agnico Eagle Mines were worth $1,777,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Van ECK Associates Corp grew its holdings in Agnico Eagle Mines by 3.6% during the fourth quarter. Van ECK Associates Corp now owns 22,322,859 shares of the mining company’s stock valued at $1,745,858,000 after purchasing an additional 778,919 shares during the period. FMR LLC grew its holdings in Agnico Eagle Mines by 43.5% during the third quarter. FMR LLC now owns 15,061,244 shares of the mining company’s stock valued at $1,213,311,000 after purchasing an additional 4,562,005 shares during the period. CIBC Asset Management Inc grew its holdings in Agnico Eagle Mines by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 6,383,024 shares of the mining company’s stock valued at $499,956,000 after purchasing an additional 332,576 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Agnico Eagle Mines by 2.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,046,901 shares of the mining company’s stock valued at $472,475,000 after purchasing an additional 154,003 shares during the period. Finally, National Bank of Canada FI grew its holdings in Agnico Eagle Mines by 7.4% during the third quarter. National Bank of Canada FI now owns 4,155,349 shares of the mining company’s stock valued at $334,749,000 after purchasing an additional 285,565 shares during the period. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Up 1.6 %

Shares of AEM stock opened at $102.64 on Friday. The company has a market cap of $51.62 billion, a PE ratio of 27.15, a price-to-earnings-growth ratio of 0.66 and a beta of 1.00. The stock’s 50 day simple moving average is $92.61 and its two-hundred day simple moving average is $85.74. Agnico Eagle Mines Limited has a 1 year low of $54.02 and a 1 year high of $104.45. 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 (NYSE:AEM) (TSE:AEM) last released its earnings results on Thursday, February 13th. The mining company reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. Research analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders 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 annualized dividend and a yield of 1.56%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 42.33%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on AEM shares. TD Securities dropped their price objective on Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. StockNews.com lowered Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. Royal Bank of Canada upped 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. 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. Finally, Scotiabank boosted their target price on Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Agnico Eagle Mines has a consensus rating of “Moderate Buy” and a consensus price target of $95.78.

About Agnico Eagle Mines

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.