Lee Danner & Bass Inc. Sells 2,011 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Lee Danner & Bass Inc. cut its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 1.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 134,570 shares of the mining company’s stock after selling 2,011 shares during the period. Agnico Eagle Mines comprises approximately 0.8% of Lee Danner & Bass Inc.’s holdings, making the stock its 29th largest position. Lee Danner & Bass Inc.’s holdings in Agnico Eagle Mines were worth $10,525,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc bought a new position in shares of Agnico Eagle Mines during the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC increased its position in shares of 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 shares of Agnico Eagle Mines during the fourth quarter worth approximately $29,000. Fifth Third Bancorp increased its holdings 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 buying an additional 260 shares during the period. Finally, Duncker Streett & Co. Inc. boosted its stake 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 in the last quarter. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Agnico Eagle Mines Stock Performance

NYSE:AEM opened at $105.44 on Friday. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average price of $95.37 and a two-hundred day moving average price of $86.66. Agnico Eagle Mines Limited has a twelve month low of $55.64 and a twelve month high of $107.88. The company has a market capitalization of $53.04 billion, a P/E ratio of 27.90, a price-to-earnings-growth ratio of 0.66 and a beta of 1.00.

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 net margin of 22.88% and a return on equity of 10.45%. As a group, research analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend was Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio is presently 42.33%.

Wall Street Analysts Forecast Growth

AEM has been the topic of several recent research reports. Jefferies Financial Group upped their target price on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th. TD Securities dropped their target price on shares of 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. Raymond James set a $105.00 price target on shares of Agnico Eagle Mines and gave the stock an “outperform” rating in a research note on Tuesday, February 4th. Stifel Canada upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Wednesday. Finally, Royal Bank of Canada increased their price target on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average 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.