United Community Bank Trims Position in Agnico Eagle Mines Limited (NYSE:AEM)

United Community Bank reduced its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,532 shares of the mining company’s stock after selling 105 shares during the period. United Community Bank’s holdings in Agnico Eagle Mines were worth $198,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AEM. Versant Capital Management Inc acquired a new stake in Agnico Eagle Mines during the 4th quarter worth about $26,000. Smartleaf Asset Management LLC boosted its stake in shares of Agnico Eagle Mines by 859.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock worth $28,000 after buying an additional 318 shares during the last quarter. Decker Retirement Planning Inc. acquired a new stake in Agnico Eagle Mines during the fourth quarter worth about $29,000. Fifth Third Bancorp raised its position in Agnico Eagle Mines by 176.9% during 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 in the last quarter. Finally, Duncker Streett & Co. Inc. lifted its holdings in Agnico Eagle Mines by 37.3% in the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock valued at $32,000 after acquiring an additional 112 shares during the period. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Performance

Shares of NYSE:AEM opened at $98.85 on Friday. 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 $54.02 and a 1 year high of $101.45. The firm has a market capitalization of $49.71 billion, a PE ratio of 26.15, a P/E/G ratio of 0.66 and a beta of 1.00. The business’s 50 day moving average price is $91.32 and its 200-day moving average price is $85.38.

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 will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid 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 1.62%. Agnico Eagle Mines’s dividend payout ratio is presently 42.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Scotiabank raised 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 research note on Tuesday, January 21st. Jefferies Financial Group raised their price target on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a research report on Tuesday, January 7th. Raymond James set a $105.00 price objective on shares of Agnico Eagle Mines and gave the stock an “outperform” rating in a research report on Tuesday, February 4th. TD Securities dropped their target price on Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Finally, StockNews.com cut Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Agnico Eagle Mines presently has an average rating of “Moderate Buy” and an average price target of $95.78.

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.