Agnico Eagle Mines Limited $AEM Shares Sold by Mufg Securities Canada LTD.

Mufg Securities Canada LTD. lowered its position in shares of Agnico Eagle Mines Limited (NYSE:AEMFree Report) (TSE:AEM) by 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 832,029 shares of the mining company’s stock after selling 21,145 shares during the period. Agnico Eagle Mines accounts for approximately 3.9% of Mufg Securities Canada LTD.’s portfolio, making the stock its 8th largest position. Mufg Securities Canada LTD. owned 0.17% of Agnico Eagle Mines worth $140,119,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in AEM. Pure Portfolios Holdings LLC grew its holdings in shares of Agnico Eagle Mines by 1.6% during the third quarter. Pure Portfolios Holdings LLC now owns 3,781 shares of the mining company’s stock worth $637,000 after purchasing an additional 60 shares during the last quarter. HB Wealth Management LLC increased its position in Agnico Eagle Mines by 1.2% during the 3rd quarter. HB Wealth Management LLC now owns 5,640 shares of the mining company’s stock worth $951,000 after purchasing an additional 69 shares during the period. Union Bancaire Privee UBP SA grew its holdings in Agnico Eagle Mines by 1.6% during the third quarter. Union Bancaire Privee UBP SA now owns 4,446 shares of the mining company’s stock worth $749,000 after acquiring an additional 72 shares during the period. Blue Bell Private Wealth Management LLC increased its holdings in shares of Agnico Eagle Mines by 59.7% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 198 shares of the mining company’s stock valued at $33,000 after purchasing an additional 74 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its holdings in Agnico Eagle Mines by 0.9% in the second quarter. Evergreen Capital Management LLC now owns 8,232 shares of the mining company’s stock valued at $979,000 after buying an additional 77 shares in the last quarter. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on AEM shares. Wall Street Zen downgraded Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Canadian Imperial Bank of Commerce set a $296.00 price target on Agnico Eagle Mines and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Citigroup increased their price objective on shares of Agnico Eagle Mines from $198.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. TD Securities set a $251.00 target price on Agnico Eagle Mines and gave the company a “buy” rating in a report on Tuesday, February 17th. Finally, Jefferies Financial Group set a $189.00 price target on shares of Agnico Eagle Mines in a research report on Sunday, December 7th. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Agnico Eagle Mines has an average rating of “Moderate Buy” and a consensus target price of $234.91.

Check Out Our Latest Report on AEM

Agnico Eagle Mines Stock Performance

Agnico Eagle Mines stock opened at $251.48 on Friday. The stock has a market cap of $126.00 billion, a P/E ratio of 28.32, a price-to-earnings-growth ratio of 0.57 and a beta of 0.63. The company has a current ratio of 2.02, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines Limited has a 52 week low of $92.11 and a 52 week high of $252.78. The stock has a 50 day moving average of $202.46 and a 200-day moving average of $174.90.

Agnico Eagle Mines (NYSE:AEMGet Free Report) (TSE:AEM) last released its earnings results on Thursday, February 12th. The mining company reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.13. The company had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.40 billion. Agnico Eagle Mines had a net margin of 37.47% and a return on equity of 18.09%. The company’s revenue was up 60.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.26 EPS. On average, analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be issued a $0.45 dividend. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, March 2nd. Agnico Eagle Mines’s dividend payout ratio is presently 18.02%.

Key Stories Impacting Agnico Eagle Mines

Here are the key news stories impacting Agnico Eagle Mines this week:

Agnico Eagle Mines Company Profile

(Free Report)

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.

Featured Stories

Want to see what other hedge funds are holding AEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Agnico Eagle Mines Limited (NYSE:AEMFree Report) (TSE:AEM).

Institutional Ownership by Quarter for Agnico Eagle Mines (NYSE:AEM)

Receive News & Ratings for Agnico Eagle Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agnico Eagle Mines and related companies with MarketBeat.com's FREE daily email newsletter.