Agnico Eagle Mines Limited (NYSE:AEM) Stock Position Lowered by St. James Investment Company LLC

St. James Investment Company LLC reduced its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 3.1% in the 4th quarter, Holdings Channel reports. The firm owned 543,123 shares of the mining company’s stock after selling 17,545 shares during the quarter. Agnico Eagle Mines accounts for approximately 7.3% of St. James Investment Company LLC’s portfolio, making the stock its 3rd biggest position. St. James Investment Company LLC’s holdings in Agnico Eagle Mines were worth $42,478,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in AEM. Everstar Asset Management LLC boosted its position in shares of Agnico Eagle Mines by 6.5% in the fourth quarter. Everstar Asset Management LLC now owns 5,888 shares of the mining company’s stock worth $460,000 after buying an additional 357 shares during the period. O Shaughnessy Asset Management LLC lifted its position in Agnico Eagle Mines by 5.0% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 114,253 shares of the mining company’s stock worth $8,929,000 after acquiring an additional 5,466 shares in the last quarter. Delos Wealth Advisors LLC boosted its holdings in Agnico Eagle Mines by 5.3% in the 4th quarter. Delos Wealth Advisors LLC now owns 42,741 shares of the mining company’s stock worth $3,343,000 after acquiring an additional 2,148 shares during the period. CIBC Private Wealth Group LLC grew its position in Agnico Eagle Mines by 6.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,919 shares of the mining company’s stock valued at $243,000 after acquiring an additional 174 shares in the last quarter. Finally, Schroder Investment Management Group raised its stake in shares of Agnico Eagle Mines by 52.9% during the fourth quarter. Schroder Investment Management Group now owns 351,274 shares of the mining company’s stock valued at $27,347,000 after purchasing an additional 121,502 shares during the period. 68.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AEM. Scotiabank raised their price target on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. National Bank Financial raised Agnico Eagle Mines to a “strong-buy” rating in a research report on Friday, March 21st. Royal Bank of Canada increased their price target on Agnico Eagle Mines from $96.00 to $105.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. StockNews.com downgraded Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. Finally, Stifel Canada upgraded Agnico Eagle Mines to a “strong-buy” rating in a research note on Wednesday, March 19th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Agnico Eagle Mines presently has an average rating of “Buy” and an average target price of $95.78.

Agnico Eagle Mines Trading Down 0.5 %

NYSE AEM opened at $107.34 on Monday. The firm has a market capitalization of $53.99 billion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 0.66 and a beta of 1.00. Agnico Eagle Mines Limited has a one year low of $60.15 and a one year high of $110.36. The company has a 50-day simple moving average of $97.96 and a 200-day simple moving average of $87.91. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted 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 net margin of 22.88% and a return on equity of 10.45%. On average, equities analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.49%. The ex-dividend date was Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio is presently 42.33%.

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.